• Joining the pension

Joining your DB Flexible Retirement Plan

Helping you save for life after work

Being a member of a company pension can be a great way to save for when you’re no longer working. Find out more about how your DB Flexible Retirement Plan can help you.

 
 

Joining - how it works

You will normally be automatically enrolled into the Plan, and entitled to benefit from Company contributions to it, if you are a permanent UK employee aged 25 or over, and not accruing benefits in another Company pension arrangement.

 
 

A simple guide to pensions

Your pension gives you the chance to grow your savings over time.

 
 
 

Approaching retirement

If you're over 50, you'll need to get a few things lined up.

We’ve created some simple tools to help you explore your options and the important things to think about.

Important documents

To help you make an informed decision we've provided you with important information that you should read. You should print or save copies of these documents for future reference.

This form is used to request for the scheme to pay the Annual Allowance Charge.

Annual Allowance Charge form (PDF, 100kb)

This document explains the features of the pension product your employer has chosen.

Plan summary document (PDF, 70kb)

This document explains the features of the pension product your employer has chosen.

Key features document (PDF, 288kb)

This document provides you with more information on how you can take money from your pension flexibly. For more information on the other options available please see the key features document above.

How Drawdown Works PDF, 211KB

Read this guide for more information on choosing your investment options if you decide to take money from your pension flexibly.

Choosing investment options for a flexible income PDF, 119KB

This document gives you an illustration of what your pension could be worth.

Key features illustration (PDF, 165kb)

This document gives you an illustration of what your one-off payment could be worth when you retire. Read this if you are thinking about participating in the DB FRP Bonus Waiver offer.

DB FRP Key features illustration - Single Transfer (PDF, 191KB)

Read this guide for more information on your investment options, including details about charges and fund codes.

How to choose the right investment options for your pension (PDF, 896kb)

Read this guide for more information about how the DB Flexible Retirement Plan works.

DB Flexible Retirement Plan Handbook (PDF, 541kb)

Read this guide for more information on the different ways you can pay into your pension, and the tax benefits and tax charges which can apply.

Information about tax relief, limits and your pension (PDF, 99KB)

Use this form to nominate any death benefits under the DB Flexible Retirement Plan.

Instruction for payment of death benefits (PDF, 77kb)

Use this form if you'd like to switch from the DB FRP into a Group Self-Invested Personal Pension Plan (GSIPP). More about GSIPP.

Switch form (PDF, 92KB)

Use this form to nominate any death benefits under the DB Group SIPP.

GSIPP - instruction for payment of death benefits (PDF, 77kb)

Got funds in another DB pension?

You can combine your DB pensions together into this plan