Falkirk Council Pension Fund 2021 newsletter

The Fund has decided that it will not issue it's newsletter as usual via a printed copy accompanying the benefits statements to reduce paper use. Instead the newsletter can be found here and in the Forms and Publications section of the website. The benefits statements will be issued over the next few weeks.

11 Aug 2021

AVC provider (Prudential) ongoing service issues - update

Following the news article on 24th May the Fund has received the attached letter from the Prudential.

10 Jun 2021

AVC provider (Prudential) ongoing service issues

The Fund is aware of ongoing service issues with Prudential - one of the AVC providers.

24 May 2021

AVC provider Prudential closing Prudential UK Property S3 Fund

One of the Fund AVC providers the Prudential have confirmed that they are closing their UK Property S3 fund (the “property fund”) with an effective date of 22 June 2021. They propose to move investments in the property fund to a multi-asset fund, the Prudential Dynamic Growth I S3 fund (“PDGI”). If you are invested in the property fund they will write to you to let you know about the change.

18 Apr 2021

Pensions Increase 2021

Read about the Pensions Increase award for 2021 - 0.5% payable with effect from 12th April

14 Apr 2021

Lifetime Allowance 2021/22

Read more about the Lifetime Allowance

14 Apr 2021

Falkirk Pension Fund is calling for the UK Government to set an ambitious Nationally Determined Contribution (NDC)

Falkirk Pension Fund is one of 78 business groups calling for the UK Government to set an ambitious Nationally Determined Contribution (NDC) by the end of the year in line with the Paris Agreement and the UK’s own net zero by 2050 target.

02 Dec 2020

McCloud Legal Judgement

Some information on the McCloud legal judgement and a copy of the Scottish Public Pensions Agency consultation.

30 Nov 2020

Approval and Publication of Audited Pension Fund Accounts 2019/20 - update

Approval and Publication of Audited Pension Fund Accounts 2019/20 - update following the news item dated 29th September 2020

12 Nov 2020

Approval and Publication of Audited Pension Fund Accounts 2019/20

Approval and Publication of Audited Pension Fund Accounts 2019/20

29 Sep 2020

2020 Benefits statements and newsletter

2020 Benefits Statements for active and deferred members

08 Sep 2020

Pension payments - April 2020

Pension payroll processing and payments

14 Apr 2020

Coronavirus (COVID-19) FAQs for LGPS members

Please read more for FAQs

01 Apr 2020

Barclays Climate Ambition to be a Net Zero bank by 2050

Barclays has today publicised its ambition to become a net zero bank by 2050 and to align all of its financing activities with the goals and timelines of the Paris Agreement.

30 Mar 2020

Coronavirus and scammers

In these unusual times the Pensions Regulator has asked Funds to remind members to be aware of scammers.

26 Mar 2020

Coronavirus update 24th March 2020

Pension queries and mail

24 Mar 2020

Recent stock market movements

A short update on recent stock market movements and your pension rights or pension in payment

18 Mar 2020

Pensions Increase 2020

Falkirk Council Pension Fund

18 Mar 2020

Coronavirus Update - Pensions Section Operations

Coronavirus Update

17 Mar 2020

Falkirk Council Pension Fund promotes and supports investor vote on climate change at Barclays

Falkirk Council Pension Fund joins other institutional investors to put pressure on Barclays to stop financing fossil fuel companies.

08 Jan 2020

Fund Signs Up to Climate Change Lobbying Group

Falkirk Council Pension Fund has joined the Climate Action 100+ initiative.

01 Dec 2019

Fund Joins International Climate Change Group

Falkirk Council Pension Fund has joined the Institutional Investors Group on Climate Change (IIGCC).

31 Oct 2019

McCloud/Sargeant challenge Written Ministerial Statement

The Chief Secretary to the Treasury issued a Witten Ministerial Statement providing an update on the McCloud/Sargeant challenge of the transitional protections.

16 Jul 2019

Inspection of Abstract of Accounts Notice


17 Jun 2019

June 2019 - Important Scheme Changes

Some important changes to the Scheme come into force on 28th June 2019. Most of the changes are backdated to 1st June 2018, the date on which the most recent version of the Scheme – the Local Government Pension Scheme (Scotland) 2018 – first came into effect.

29 May 2019

Delay in Posting Pension Advice Slips - 15th May 2019

14 May 2019

Vacancy on Pensions Committee - Pensioner Representative

Falkirk Council wishes to appoint a capable and committed person from its pool of retired pensioners to sit as the Pensioner Representative on its Pensions Committee. The Committee is the decision making body of the Pension Fund and is a key part of the Fund’s stewardship and governance framework. The Committee sets the Fund’s high level strategies, including Fund investment, contribution and administration strategies. The Committee is also responsible for approving the Annual Report and Accounts and for monitoring the overall performance of the Fund.

26 Apr 2019

Pensions Increase 2019

The Annual Pensions Increase for 2019 is 2.4%, payable from 8th April, 2019. Your annual pension will therefore be increased by 2.4% from 8th April, 2019 (but please read the Factsheet in our Forms and Publications Section for exceptions to the general rule). Falkirk Council’s pensions are payable in arrears on the 15th of each month. This means that: • your payment on 15th April will only include 8 days at your new rate of pension • your payment on 15th May will be based entirely on your new rate of pension.

04 Apr 2019

Draft Response to Structural Review Consultation

A consultation into the structure of the Local Government Pension Scheme in Scotland is underway with a closing date of 7 December 2018. Read more to see the draft response of Falkirk Council Pension Fund which proposes a three fund solution for Scotland. This offers the opportunity for Funds to make savings from scale investing, improve service delivery resilience and maintain stakeholder representation and local accountability. You can find out more about the consultation by scrolling down to the News item “Structural Review of the Scheme” uploaded on 2 July 2018.

16 Nov 2018

The Pensions Regulator's updated publication on scammers

Don't let a scammer enjoy your retirement. Pension scammers will do whatever it takes to get their hands on your savings and enjoy your retirement. Learn how to spot the signs and check who you're dealing with on the ScamSmart website to give yourself the biggest protection against fraudsters.

25 Oct 2018

Beware cold-calls from fraudsters claiming to be from The Pensions Regulator

The Pensions Regulator publish a press release

07 Sep 2018

Pension Fund and Fracking

The following note has been prepared in response to enquiries about the Pension Fund and fracking:

07 Sep 2018

2018 Annual Benefit Statements for active scheme members

The purpose of this news item is to update employers and scheme members on the production of the 2018 Annual Benefit Statements for active scheme members.

03 Sep 2018

Investment in Israeli Bank

The following Press Release has been issued i) in response to public interest around the Falkirk Pension Fund’s investment in the Israeli Bank Hapoalim and ii) in order to correct certain erroneous information that has appeared recently in the media:

30 Aug 2018

Structural Review of Scheme

A major consultation has just been launched looking at how the Local Government Pension Scheme is to be structured in the future. This could result in Funds being required to combine their assets into large investment pools or even see the merger of some or all of the existing 11 Scottish Funds.

02 Jul 2018

New Age 55 Retirement Option

Pension Scheme rules have been changed from 1 June 2018 to let members retire from age 55 without having to get employer consent. Sounds good, but there are significant penalties for taking your benefits before the Scheme's Normal Retirement Date.

14 Jun 2018

Privacy notice

04 May 2018

What is the GDPR?

03 Apr 2018

Consultation on Draft Funding Strategy Statement

12 Feb 2018

Late Retirement June 2017

Late Retirement Update

12 Jun 2017

Topping up your State Pension

Find out more on how to top up your state pension benefits

20 Feb 2017


LGPS (Scotland) continues to meet auto enrolment standards.

14 Jun 2016

State Pension Scheme Changes from April 2016

A new State Pension is being introduced from 6 April 2016 for people reaching State Pension age on or after that date. A factsheet has been prepared by the Dept. of Work and Pensions to help inform about the changes.

13 Jan 2016

Fund Governance

There are changes planned for the Governance of the Fund. Find out about the consultation it here.

05 Nov 2014

Pension Scams

The Pensions Regulator has produced another guide about pension scams, which are on the increase.

21 Oct 2014

Newsletter March 2014

This newsletter covers a range of items of interest to members.

02 Mar 2014

April 2015 – the Countdown Begins

With a little over a year till the new version of the Local Government Pension Scheme becomes effective, there’s a lot to do to ensure a successful implementation.

15 Jan 2014

Pension Liberation and Tax

HM Revenue & Customs have published a factsheet about the tax consequences of pension liberation

05 Nov 2013

Regulation Changes from 1st February 2013

At present, the scheme is only open to employees with contracts of at least 3 months duration.

25 Feb 2013

Pensions Regulator’s Fraud Warning

The Pensions Regulator has recently advised that “Pension liberation, also known as ‘pension loans’ and ‘pension scams’,

25 Feb 2013

Annual Benefits Statements

he Pensions Section is in the process of issuing annual statements as at 31st March 2012.

18 Feb 2013