University of Bristol Pension and Assurance Scheme (UBPAS)

UBPAS Closure Presentation (Office document, 2,044kB) (containing transitional arrangements)

UBPAS: Frequently asked questions (PDF, 165kB)

UBPAS is closed to all future accrual. Active members of UBPAS will become deferred members.

Contact

For UBPAS pension enquiries, please contact BristolUni@Barnett-Waddingham.co.uk or telephone 0333 111 1222

The University of Bristol Pension and Assurance Scheme (UBPAS) is closed to new members and is no longer administered by the University.

From 1 January 2020, the scheme closed to all future accrual. Active members of UBPAS at this time will be treated as having opted out, and become deferred members. Former UBPAS members will then be automatically enrolled into the UBGPP scheme, unless they decide otherwise.

Contact Barnett Waddingham for all enquiries relating to UBPAS

Closing benefits statements

Ex UBPAS members should be receiving their closing benefits statements by the end of February 2020. Barnett Waddingham will be issuing these.

Taking retirement after January 2020

If you are a deferred member of UBPAS and are retiring after January 2020 and are now in UBGPP you will need to contact both Barnett Waddingham and Legal and General. See UBGPP for further details.

Contribution rates in UBGPP after leaving UBPAS

If you are an old UBPAS member who has now been enrolled in to UBGPP with effect from 1 January 2020 you may have been eligible for the enhanced contribution rates in UBGPP. As per correspondence that was issued, you had the option to elect your contribution rate as per the table before.

Eligibility criteria

Your
contribution rate

Employer
contribution rate

None – open to
all members

Less than 9.0%

In line with the standard employer rates in the table in question 4 below

Available to all Employed Deferred members

9.0% to 10.99%

10.5%

Only available to Employed Deferred members who contributed to UBPAS at 11% or more in the period 1 February 2017 to 31 December 2019 *

11.0% to 16.99%

11.5%

Only available to Employed Deferred members who contributed to UBPAS at 17% or more in the period 1 February 2017 to 31 December 2019 *

17.0% +

12.0%​​​​​​​ 

* The level of contributions you have paid to UBPAS since 1 February 2017 will reflect the option you elected in late 2016 / early 2017 and any subsequent elected change to this (members were allowed one further switch of contribution rate after making their initial election).  The following table summarises the options that were available and the corresponding member contribution rate.

 

UBPAS Benefit
accrual rate

UBPAS Employee contribution rate

Option 1

1/150ths

9%

Option 2

1/135ths

11%

Option 3

1/125ths

14%

Option 4

1/110ths

17%

Option 5

1/100ths

21%

Option 6

1/80ths

28%

Adjust your contribution rates

Please note that to allow you greater flexibility, you will be able to lower your contribution rate at any time. Should you then wish to take advantage of the enhanced contribution rate again at a later date, you will be able to do so. 

Please note Barnett Waddingham have provided information regarding Coronavirus (COVID-19) and your pension.

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