Do you have more than one Personal Account?

If you’ve more than one period of service with the Company, you may have more than one Personal Account.

You can have more than one, however it may make things easier for you to have all your retirement savings within the DC Section in one place. This will mean:

• A single Benefit Statement each year, showing the total value of your retirement savings in the DC Section;
• A single investment strategy for all the money you have invested in the DC Section; and
• You’ll only need to keep one Expression of Wish up to date.

To arrange to consolidate your Personal Accounts, all you need to do is contact the DC Section Administrator.

Remember, you should carefully consider the consequences of making changes to your retirement savings. Consolidating Personal Accounts may not be right for everyone. For example, if you have the right to access your retirement savings before age 55, this right may be lost if you choose to consolidate your Personal Accounts.

Please note that neither the Trustee nor the DC Section Administrator can provide financial advice. You may wish to seek independent financial advice prior to making any decisions. If you don’t have a financial adviser, details of those near to you can be found at register.fca.org.uk.