Retirement

  • Answer:

    Yes, you’ll be given the opportunity to make a choice at retirement as to whether you wish to take final salary (legacy), or career average (reformed) scheme benefits in respect of your service during the remedy period. It cannot be a combination of the two. This is referred to as the Deferred Choice Underpin (DCU). We’ll provide information to enable you to make an informed choice based on what best suits you.

  • Answer:

    Yes. You can still retire when you choose to do so. If you are affected by the changes you will be provided with your choices either retrospectively or when you choose to retire, depending on when you retire and when we are able to implement the DCU.

  • Answer:

    Yes, you’ll be provided with information to enable you to make an informed choice at retirement that suits you. This will help you choose whether you wish to take final salary (legacy), or career average (reformed) scheme benefits in respect of your service during the remedy period. It cannot be a combination of the two. This is referred to as the Deferred Choice Underpin (DCU).

Forms

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Forms

Calculators

Get an insight into how your pension is built and explore your options.

Calculators

FAQ's

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FAQs