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The UKAEA transferred pension administration services from Aon Hewitt to Equiniti with effect from 1 April 2018. UKAEA invoices the CNC for its share of the administration costs for the UKAEA pension schemes, and these funds are passed directly to Equiniti. The monthly administration fee for the 2026/27 financial year is based on membership data each month, covering active, pensioner and deferred members. It includes the CNC's proportion of the annual administration fee and the Treasury fee. Under the UKAEA contract with Equiniti, these fees increase annually in line with an agreed inflation rate. The fee covers all routine administration activities for individual members. In addition, Equiniti now applies charges for Backdated Pay Awards where pension contributions are due on arrears. These costs are agreed in advance between Equiniti and the CNC. From 1 October 2026, active members of the UKAEA CPS will transfer to the Alpha Civil Service Pension Scheme. The UKAEA CPS will close to new members; however, benefits accrued up to 30 September 2026 will remain in the CPS unless an individual chooses to transfer them. As a result, employees will hold two separate pension arrangements -
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