Pension increase update
HM Treasury have now issued the annual pension increase order to apply to public service pensions. From 7 April 2014 public service pensions that have been in payment for at least a year will be increased by 2.7%. Any put into payment will be increased proportionately to the date payment commenced.
The increase will also be applied to deferred pensions awaiting payment.
Full details can be obtained this this link https://www.gov.uk/government/publications/public-service-pensions-increase-2014