Thank you for your request for information about the following:

I understand that the actuarial factors have recently been updated yet I cannot find the updated factors published online.

In the absence of the publicly published updated factors and guidance, please send me the following actuarial factors currently in use:

1. Cash equivalent transfer value (CETV) factors applicable to the 1995/2008 NHS Pension Scheme (NHSPS)
2. CETV factors applicable to the 2015 NHSPS
3. Pension credit factors applicable to the 1995/2008 NHSPS
4. Pension credit factors applicable to the 2015 NHSPS
5. NHSPS Divorce - guidance notes on the application of the factors for the 1995/2008 NHSPS
6. NHSPS Divorce - guidance notes on the application of the factors for the 2015 NHSPS

Your request was received on 27 June 2023 and I am dealing with it under the terms of the Freedom of Information Act 2000.

Response

Question 1 & 2

A copy of the information is attached.

Question 3 & 4

A copy of the information is attached. Two files are included for each, one for 1995/2008 Scheme and one for 2015 Scheme benefits:

• ‘Factors for the calculation of pension credits - ex-spouse where NPA attained’

• ‘Factors to calculate pensioner cash equivalent’

Question 5 & 6

A copy of the information is attached. Please note that the updated actuarial factors have superseded the factors reported in the guidance notes.

Data Queries

If you have any queries regarding the data provided, or if you plan on publishing the data please contact foirequests@nhsbsa.nhs.uk ensuring you quote the above reference. This is important to ensure that the figures are not misunderstood or misrepresented.

If you plan on producing a press or broadcast story based upon the data please contact communicationsteam@nhsbsa.nhs.uk This is important to ensure that the figures are not misunderstood or misrepresented.

The information supplied to you continues to be protected by the Copyright, Designs and Patents Act 1988 and is subject to NHSBSA copyright. This information is licenced under the terms of the Open Government Licence detailed at: http://www.nationalarchives.gov.uk/doc/open-government-licence/version/3/

Should you wish to re-use the information you must include the following statement: “NHSBSA Copyright 2023” This information is licenced under the terms of the Open Government Licence:

http://www.nationalarchives.gov.uk/doc/open-government-licence/version/3/

Failure to do so is a breach of the terms of the licence.

Information you receive which is not subject to NHSBSA Copyright continues to be protected by the copyright of the person, or organisation, from which the information originated. Please obtain their permission before reproducing any third party (non NHSBSA Copyright) information.