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Teachers' Pensions: Pension reviews

Name: Pension
Rating: 1.58 (12 reviews)

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1.35

Based on 12 reviews, last reviewed 21st Aug 2024

No new 5 star reviews

in the past 90 days

100% decrease in 1 star reviews

in the past 90 days

3 star

2 star

84%

Latest highest rating:

5

Teachers Pension Providers of an excellent pension scheme Reviewed on: 30th October 2023

Latest lowest rating:

1

I have been waiting foe a CETV for 364 days. I have been waiting foe a CETV for 364 days. Hundreds of others habe been waiting as long or longer. Without this we cannot divorce. The impact on my ... Read more Reviewed on: 21st August 2024

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About this product

Whether you're a newly qualified teacher or approaching retirement, read our community reviews of the Teacher's Pension to see what education workers like you have to say about this product.

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Teachers' Pensions Pension reviews (12)

Review of the Teachers' Pensions, Pension:

Really slow and no communication.

The most convoluted, confusing website I have seen. Applied in October 2021 for early retirement due to ill health. Finally got a decision in October 2022. I was told I would be paid within 10 days and they have a task tracker to measure the progress of the claim. Mine was stuck on 20% complete for the whole 10 days. On the 10th day I rang them to find out if there was a problem. They told me they were waiting for information from my school. (I have a good relationship with my school and they have done a fantastic job of looking after me while I worked there). School had already informed me that they had sent the info the previous week. Oh, lo and behold he found the info that the school had returned "that day". Task was then deleted and a new one replaced it and you guessed it, it will take 10 days to complete. Wife and I are now facing eviction from our home, I tried to explain this to the helpline but he was abrupt and honestly didn't give a stuff. If you are considering early retirement I would honestly suggest you have a flutter on the lottery instead. I think your chances might be slightly better than mine. See you on skid row. Reviewed on: 4th November 2022

Not as good as it was!

A teacher's pension is good, in comparison to other (non DB) pensions, but the new version is far inferior to the original final salary scheme I signed up to years ago. I am now no longer able to retire until state pension age, which delays my retirement plans by 7 years! The website is not too bad - it cannot predict accurately the pension of someone who is on both schemes (both Final Salary and CARE), though, which will be many people since the recent switch to the CARE scheme. Other thann that, it's quite easy to log in and keep an eye on how your pension is growing over time, and that is much better than the old annual paper statement we used to receive. On balance, I would recommend anyone eligible to sign up for the TPS - it still trumps most private and employer pensions, and anyone who can do should certainly not hesitate to join. Reviewed on: 15th August 2017