Pensions
As a valued member of the Warwick community, you have access to one of three attractive pension schemes depending on your role - Universities Superannuation Scheme (USS), University of Warwick Pension Scheme (UPS DB), University of Warwick Defined Contribution Plan (DCP) or NHS Pension Scheme.
You will be notified of the pension scheme you are eligible to join in your onboarding material.
Click on the logos below to find out more information about each scheme.
If you would like to speak with us, please contact us via .
Telephone: 02476 150 133
USS
Universities Superannuation Scheme
UPS DB
University of Warwick Pension Scheme - DB Section
DCP
University of Warwick Defined Contribution Plan
NHS
NHS Pension Scheme
If you are considering retirement you may wish to review the retirement process here
News and updates
Pensions Awareness Week 9-13 September 2024
Standard Life, the Master Trust provider for the University of Warwick Defined Contribution Plan (DCP), in line with Pensions Awareness Week are holding a set of online webinars which cover a range of general topics which all staff may wish to attend.
Please click on Pensions Awareness Week Webinars to find out more about the different topics and to register.
USS Early Retirement Factor Change
Members of USS are reminded that on 1 October 2024, the USS Trustee is making some changes to the early retirement reduction factors (these are the reduction amounts to pension when a member chooses to retire earlier than their normal pension age).
If you are a USS member and are thinking of taking early retirement in the next few years you may want to take independent financial advice on whether these changes will affect your decision when to retire.
More details of the changes to the early retirement reduction factors can be found on the USS webpages at
https://www.uss.co.uk/for-members/calculate-your-benefits/factors-used-by-uss and any questions members may have should be directed to USS at https://www.uss.co.uk/contact-us.
UPS DC/Master Trust Data Cleanse
If you have recently received a letter about the UPS DC/Master Trust Data Cleanse and need to complete the data verification form, please click here
Master Trust Consultation
The University is proposing to close the Current DC Section of the University of Warwick Pension Scheme (UPS) and introduce a Master Trust (operated by Standard Life) with effect from 1 May 2024. For further information click here
Expression of Wish Forms
It is always good to keep your Expression of Wish Forms updated, especially if your personal circumstances change. Please click the following links for each scheme's form: USS, UPS DB and DCP
University of Warwick Pension Scheme - DB Section
The Pension Scheme Administrators Barnett Waddingham have sent out a letter to all members of the Scheme about the ability to access their pension information online. Barnett Waddingham have been the Pension Scheme Administrators since 2010.
Timescales for popular requests (weeks):
Retirement Quotations: 4 - 6
Cash Equivalent Transfer Values: 4 - 6
Useful Links
Warwick's Retired Staff Association (RSA)
DCP Frequently Asked Questions
NHS Frequently Asked Questions
UPS DB Frequently Asked Questions
USS Frequently Asked Questions