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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

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.