At a glance

You are entitled to a deferred pension under the Career average plan if you have left the plan (either because you chose to opt out of the plan or because you no longer work for Unilever) and you either have the Trustees' agreement that you may retain your benefits in the plan or you have been in pensionable service under the plan for more than two years.

As a deferred member of the Career average plan:

• 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 (for example, by paying extra voluntary contributions):

• If you chose to ‘defer’ your pension, your Investing plan account will continue to be invested in line with your fund choices.
• You cannot make any further contributions to your account, but you can still make changes to your investment fund choices. Your personal situation – and how you feel about the risks involved with investing – will have an influence on which funds you choose.
• You can change your fund choices as your needs and priorities change over time. You can also choose to have your account ‘switched’ into different funds automatically as you approach retirement.
• When you retire, you can choose how your account is used to provide extra benefits on top of those from the Career average plan (and Final salary plan, if it applies to you). The level of benefits will depend, among other things, on how much is paid into your account and how well your chosen funds perform.
• The Investing plan is currently administered by Fidelity Investments Life Insurance Limited (‘Fidelity’) on behalf of the Trustee of the Unilever UK Pension Fund.”

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.

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.

You can find more details of the Investing plan funds in the fund fact sheets. If you have an Investing plan account, remember to visit PlanViewer, Fidelity’s online investing service. Here you can:

• 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.