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General & Useful Information

Public Sector Transfer Club National Health Service Pension Scheme (NHSPS)
The Club consists of a number of salary related occupational pension schemes that have agreed reciprocal transfer arrangements.   The Club offers those who move between Club schemes the opportunity to transfer pension benefits on special terms.  In general, when you transfer your pension benefits between Club schemes, you will receive a broadly equivalent service credit in the new scheme, regardless of any increase in salary on moving. As UCL is classified as a NHS "Directions Employer", it may be possible for you to re-join the NHSPS by making an one-off election upon joining UCL, as part of your UCL Staff Registration as long as you meet all of the following eligibility requirements:
  • You have contributed to the NHSPS within 364 days of joining UCL
  • You are employed at UCL Medical School or Clinical Department
  • Your role includes teaching of Medical students at UCL
UCL Retirement Policy
UCL will no longer compulsorily retire staff when they reach the age of 65 years due to the removal of the Default Retirement Age (DRA). Details of the UCL policy and approach being taken are available here. General information about making a request and working beyond the DRA is available here. The Universities Superannuation Scheme (USS) Flexible Retirement arrangements introduced 1 October 2011 allows active members of USS to remain in employment and continue to build up benefits on a reduce working basis whilst drawing some of their accrued pension benefits. All applications require the consent of UCL. The UCL Work Life Balance Policy outlines further information and the application process.
Automatic Enrolment
From 1st October 2012 (* see note below), the Government is introducing new legislation, making it compulsory for employers to enrol eligible workers into a qualifying workplace pension scheme and make contributions to that scheme. This is known as Auto-enrolment.

Employers can choose which scheme to use, provided it meets certain criteria. It could be their own scheme, another arrangement or they may choose to enrol their staff into NEST (the National Employer Savings Trust). Employers who do not have a pension scheme in place will need to select one.

* Although auto-enrolment comes into force from 1 October 2012, not all employers will have to meet their requirements at the same time. Implementation will be introduced gradually between October 2012 and October 2016.

In accordance with numbers of employees, each employer will have a "staging date" from when these new duties apply. UCLs staging date is 1 April 2013. Some employees of UCL will therefore be enrolled into a scheme under these new NEST requirements, which is to provide a simple low-cost arrangement for pension savings. UCL is currently reviewing, with the existing schemes, SAUL & USS, the legislation and employer duties to ensure it complies with the requirements of NEST.

Associated Pension organisations and official bodies

Age UK (formerly Age Concern & Help the Aged) British Medical Association (BMA) Citizens Advice
The UK's largest charity working with and for older people. The professional association for doctors. Helps people resolve their legal, money and other problems by providing free, confidential, independent information and impartial advice.
Employers Pensions Forum (EPF) for Higher Education H M Treasury The Pensions Advisory Service
Established in 2007 as a broad based forum to discuss current and longer term pensions issues and to develop a strategy that will enable the HE sector to continue to offer staff access to high quality pensions schemes as an important part of the total remuneration package. The UK’s financial & economics industry. An independent non-profit organisation that provides free information, advice and guidance on the whole spectrum of pensions, including state, company, personal and stakeholder schemes.
Pensions Ombudsman The Pension Protection Fund The Pensions Regulator
Investigates complaints about how pension schemes are run.  The service is free and open to people who have a complaint against those responsible for the running or administration of pension schemes. Established to pay compensation to members of eligible defined benefit pension schemes, when there is a qualifying insolvency event in relation to the employer and where there are insufficient assets in the pension scheme to cover Pension Protection Fund levels of compensation. The new regulator of work-based pension schemes in the UK.  Created under the Pensions Act 2004, with a wide range of power, more proactive and risk-based approach to regulations.
Universities and Colleges Employers Association (UCEA) Universities UK University of the Third Age (U3A)
UCEA provides UK higher education institutions with a framework for discussion, advice and guidance on a range of pay and employment matters.They have also produced a Guidance on pensions tax relief document Universities UK (UUK) is the representative organisation for the UK’s universities. U3As are self-help, self-managed lifelong learning co-operatives for older people, no longer in full-time work.  Find out how to pursue learning not for qualifications, but for fun.