Church of England Pensions Board Investments has made known proposals for significant improvements to the Church of England Funded Pensions Scheme (CEPFS). If implemented, they will represent a significant step forward.
It is important to emphasise that these are just proposals at this stage, which need to pass through General Synod and of course could change. The proposals are good news for clergy well-being which is close to the hearts of worshippers and clergy alike.
The implications for dioceses are not yet clear but the funding position of the clergy funded pension scheme has improved which allows contemplation of these proposals, which have long been called-for.
Fuller details on the Church of England website. The Church of England has also released a short video on Facebook outlining the background to these proposals which follow a review requested in Gneral Synod last year.