This Scheme is a Trust Based Pension with Additional Voluntary Contributions servicing provided by Standard Life Assurance Limited.
Royal Ordnance Pension Scheme
The Royal Ordnance Pension Scheme ('ROPS') is a valuable part of your employment package and can be used by you to pay Additional Voluntary Contributions ('AVCs').
Pay, change or cease AVCs* whenever you wish
Choose how your AVCs are invested via a number of investment options and funds that have been made available to members via Standard Life Assurance Limited
Change your target retirement age
The benefit payable from your AVCs will depend upon the contributions paid and the investment returns achieved by the funds you have selected (after any charges).
*Please be aware of how this may affect your annual allowance limit. For more information, please visit gov.uk .
You choose how much you pay, where you invest and when you aim to access your AVC account to suit your circumstances and future plans. It is therefore important that you take control of your pension savings by thinking about these things. To allow you to keep a close eye on your pension investments, Standard Life's online pensions services are available to all ROPS members. These provide information specific to your individual AVC account. Register for the service so you can:
See the current value of your AVC account
Change your investment funds
Access information regarding the funds you can invest in and the historic performance of these funds
Use online tools to produce an estimate of the benefits you might receive at your Target Retirement Age (TRA)
Investigate the impact of paying different levels of contributions and / or changing your TRA
Learn about the retirement income options available to you
After your first contribution has been received, Standard Life Assurance Limited will send you a membership certificate containing your individual plan number, which will enable you to register for online services . Once you have completed the simple registration process you will be able to manage your AVC account online. If you have any problems accessing this service please call Standard Life Assurance Limited on 0345 606 0098, between 8am and 6pm Monday to Friday.
In addition to the online service there is also an Investment Guide which gives details on the basic principles of investing, the funds you can invest your money in and the charges that apply to these funds.
The BAE Systems Executive Pension Scheme Trustee is responsible for managing the Scheme in line with current law and the Trust Deed and Rules, and looking after the members' best interests. The Trustee appointed Standard Life Assurance Limited to provide administration services and support for the Scheme.