Pension Buy Out Plans

Fidelity’s Buy Out plan provides a default option for trustees wishing to wind up occupational pension schemes or buy out members without need for their consent.

The key features of our Buy-Out plan are:

• Members hold individual policies directly with FIL Life Insurance Limited, completely unconnected to the existing company scheme
• On-going Scheme administration costs for transferred members and meet within the Buy Out policy fees
• Buy Out Plans accept a single transfer payment for both protected and non-protected rights

The Fidelity difference

• As a private company we can offer stability and a long-term commitment to the UK DC market place
• A market leading DC Fund Platform, offering a wide range of funds, managed by Fidelity as well as other leading fund managers
• Flexible investment solutions, including lifestyle funds, with different asset classes and managers
• Normally no project or transfer charges
• High quality in-house administration, using a common administration platform that is fully integrated with our investment dealing system
• Dedicated project management: our  experienced implementation managers hold relevant professional and project management qualifications
• An extensive range of communication solutions for employers and employees to meet both initial and ongoing plan requirements
• Comprehensive and easy to use online facility, PlanViewer, providing members with full plan and fund information along with planning tools, news and other educational tools
• Dedicated UK based DC Helpdesk; members can contact us by telephone, email or post.

Fees

Specific charges are determined on a case-by-case basis and will depend on the profile of the Plan and the funds selected. For information about Fidelity's fees, please contact us.