The Government has confirmed a change to the SCAPE discount rate. This rate is used to determine the factors used by public service pension schemes to calculate pension values. The factors are used in many calculations including:
- Voluntary retirement before or after your Normal Pension Age
- Non club transfers (to and from pension schemes outside of the public sector)
- Interfund transfers (between LGPS funds)
- Cash Equivalent transfer values for the purpose of Divorce
The previous factors we were using were withdrawn with effect from 19 May 2026. Any request made for a transfer or divorce quote from 19 May 2026 were acknowledged but could not be processed. The government has now announced new factors from 14 July 2026 therefore we have begun processing the above.
You do not need to contact us regarding a retirement or transfer request you have already submitted.