News updates

09 June 2017

Main News

General Election update about your pension

The General Election on 8 June resulted in a hung Parliament. A Conservative government has now been formed with support from the Democratic Unionist Party (DUP), but it's too early to predict if there'll be any significant changes to legislation or regulations.

Manifesto policies

The Conservative Party manifesto included a pledge to form a ‘national infrastructure police force’ by bringing together the Civil Nuclear Constabulary, the Ministry of Defence Police and British Transport Police.

We will provide more information about any impact this may have on the BT Police Section of the RPS once more details are available. 

The manifesto also suggested that: 

  • additional powers may be given to the Pensions Regulator to help prevent any repeat of the pension issues that have faced schemes such as the BHS ​pension scheme in the past;
  • there will be a change to the way that State Pension increases, from a triple-lock approach to a double-lock one from 2020; and
  • there may be changes to the State Pension age following the previously commissioned review.

 

The DUP manifesto included a pledge to retain the State ​Pension triple-lock.

 

Please be assured that we will continue to provide updates on any developments which could affect your railways pension.

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