At a glance
You are entitled to a deferred pension in the Fund if you have left the Fund (either because you chose to opt out of the Fund or because you no longer work for Unilever) and you have the Trustees' agreement that you may retain your benefits in the Fund. Your deferred pension will be made up of two parts – a Final salary plan pension and a Career average plan pension.
The key features of your Final salary plan pension are as follows:
- Your pension is based on your final pensionable salary and your pensionable service at the time you left the plan and is normally payable at age 65.
- You can draw your pension from age 55 onwards, if you have the Trustees' consent.
- Unilever meets the costs of your Final salary plan benefits not covered by your chosen level of contributions while you were an active member.
The key features of your Career average plan pension are as follows:
- Your Career average plan pension is based on your pensionable earnings between the two levels for each year you were an active member of the Career average plan.
- Your pension is normally paid at age 65 – but you may have the option of retiring early before age 65.
- You can draw your pension from as early as age 55 if your employment with Unilever has ended and Unilever and the Trustees agree. If you take your pension before normal retirement age, it will be reduced for each year before age 65.
- Unilever meets the costs of your Career average plan benefits not covered by your contributions while you were an active member.
You may also have built up benefits in the Investing plan.
Please also note:
The actual Fund benefits you receive on retirement and the amount of pension you can exchange for tax-free cash, will depend on a number of factors, including the age at which you retire, the pension rights you have built up in the Fund, and pension law at that time.
Any discretionary practice described on this website, and any change to any such discretionary practice, in each case remains a discretionary practice which the Company retains the right to amend in the future.
Where any right to draw any pension early is subject to Trustee and/or Company consent, then nothing in this website shall be treated as giving Trustee and/or Company consent to the drawing of that benefit. Trustee and/or Company consent may only be given at the time when the benefit is proposed to come into payment.
If you were part of an acquisition, or have transferred-in benefits, different rules may apply to your benefits, including your early retirement terms or the commutation factors applying to your pension.
- view an up to date balance of your Investing plan account;
- find more details about the funds available to you, in the fund fact sheets;
- see how your Investing plan account is invested;
- make changes to your fund choices if you want to; and
- check transactions on your Investing plan account.
You can find PlanViewer at www.planviewer.co.uk.
If you have any questions about accessing PlanViewer, or need a reminder of your login details, please call Fidelity’s Pension Service Centre on 0800 3 68 68 68.
For more information on the plans, please download the Career average and Investing plan guides from the downloadable documents area.