CNC Pension Scheme (CPS)

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…