News
The 2024 Triennial Valuation of the Public Sector Section of the Fund has been agreed
17 December 2024
The Trustees on 13 December 2024 agreed the 2024 triennial actuarial valuation of the Public Sector Section of the Fund. This follows extensive negotiations with the Principal Employer to agree the assumptions used. The valuation results show the Fund to be in surplus as at 31 March 2024 and as a result the Trustees agreed […]
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2024 Sustainability Report
14 December 2024
The Trustees of the TfL Pension Fund have published their Annual Report on Sustainable Investing for 2024. This report provides a summary of our activities to date and how this forms part of a long term strategy. The Trustees take a holistic view in aligning their Sustainable Investing Beliefs towards the Fund's investment activities. There […]
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PCC Election Results 2024
21 November 2024
The term of office for the longest serving quarter of the TfL Pension Consultative Council (PCC) ends on the 30 November 2024, with the new appointments commencing from 1 December 2024 and will end on 30 November 2028. In Section One (representing pensioners and deferred pensioners) Paul Kilius-Smith and Chris Miller's terms end and both […]
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Maximising Additional Voluntary Contributions (AVCs) for 2024-25
21 November 2024
With the tax year end fast approaching many members look to maximise their AVCs under the TfL Pension Fund. The maximum you can pay in AVCs to the Fund is 15 per cent of gross earnings less your standard Pension Fund contributions. If you are considering maximising your AVCs before the tax year end you […]
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April 2025 Pension Increase
7 November 2024
Pensions from the TfL Pension Fund increase in April 2025. This is based on the rise in the Retail Price Index over the 12 months to September 2024 which was 2.7 per cent. Depending on the period of membership of the TfL Pension Fund, your pension may comprise of various components, some of which are […]
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Budget - October 2024
30 October 2024
Todays Budget introduced two changes impacting pensions, the first relates to the treatment of pensions for inheritance tax purposes, the second relates to transfers to Recognised Overseas Pension Schemes. Inheritance Tax The Budget confirmed that pensions would be taken into account when determining inheritance tax from 6 April 2027, the Fund potentially pays two types […]
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Annual Members' Meeting 2024
26 September 2024
You are invited to the Annual Members' Meeting This year's TfL Pension Fund Annual Members' Meeting (AMM) will be held on Friday 18 October. This year the meeting will be a hybrid meeting giving you the opportunity to participate online, using your smartphone, tablet, or computer instead of attending in person. The meeting will start at […]
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2024 Active Member Benefit Statements
21 August 2024
Annual Benefit Statements for Active members are being issued next week. We will also upload the Benefit Statements to the Pension Web Portal, so if you are registered for the Portal you will be sent an email once your Benefit Statement has been uploaded and available to view through your Portal account. We have created […]
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2024 Nominations for TfL Pension Consultative Council
25 June 2024
Nominations are being sought for TfL Pension Fund members to stand for election on the TfL Pension Consultative Council (PCC). The council is made up of three sections representing Fund members: The PCC meets at least four times a year to discuss the administration of the Pension Fund, picking up issues of concern to Fund […]
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2023 Sustainability Report
13 December 2023
The Trustees of the TfL Pension Fund have published their Annual Report on Sustainable Investing for 2023. This report provides a summary of our activities to date and how this forms part of a long term strategy. The Trustees take a holistic view in aligning their Sustainable Investing Beliefs towards the Fund's investment activities. There […]
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