Making your Lilly Plan Portal more secure
If you no longer work at Lilly and are registered to the Lilly Plan Portal, when you next go to use it, you may notice a slight change to the login process.
Latest news
Changes to the Lilly Plan administrator
You may have seen that Buck, our Plan administrator, was acquired by Arthur J. Gallagher & Co (“Gallagher”) in April 2023. From Monday 1st July 2024 your pension will formally be administered by Gallagher.
An update on Pensions Dashboards
The Pensions Dashboards Programme is a government-led initiative designed to help individuals better manage and understand their pension savings. Pensions dashboards are online tools that will allow savers like you to view all your pension benefits from multiple schemes (including the State Pension) in one place.
Pension scams and cyber security
Cyber scams in the UK are unfortunately becoming more common, and scammers’ techniques more sophisticated.
Update on the Lifetime Allowance
Since 2006, pension savings have been subject to a Lifetime Allowance (LTA), which places a limit on the overall value you can build up across all your pensions before having to pay additional tax. For the 2022/23 tax year, the LTA stood at £1,073,000.
Your pension increase is just around the corner!
Pensions in payment are increased each April according to the Plan’s rules, so we wanted to let our pensioners know that this year’s increase will be coming your way soon.
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