Previous Member

Deferred member?

If you leave the Company or opt-out, you will become a deferred member (although, please note that if you are a member of the JLR DC Fund and then leave the Company, you may choose to continue to pay single payments into your fund directly with Zurich). Being a deferred member means that whilst you have left employment, your pension benefits remain in the Plan, Scheme or Fund until you retire.

The pension you will receive as a deferred member when you retire will be worked out by reference to the rules of your Scheme/Plan or the value of your Fund for Defined Contribution members.

Keeping up to date

If you are a deferred member or are thinking of leaving, please ensure that you keep us up-to-date with your address. This will enable us to keep in touch with you and to make any pension or other payments in good time.

Review and Update

You should also make sure to review and update your Expression of Wish Form / Death Benefit Nomination Form if your personal circumstances change.

Frequently Asked Questions

Previous Members (3 Answers)

[-][+] Death during deferrment

In the event of your death as a deferred member, certain benefits may be payable to your dependants. For the specific provisions of your Scheme, Plan or Fund please see your Scheme Booklet/Member Guide.

As the details on your Expression of Wish / Death Benefit Nomination Form may be taken into account, please ensure that you review and update it if your personal circumstances change.

[-][+] Transferring benefits out

You may be able to transfer the value of the benefits you have built up in your Scheme, Plan or Fund to a new pension arrangement if you have one. This can be done at any time before you start taking benefits, so long as you have the approval of the receiving scheme. The Administrators will work out the value of the transfer.

If you are considering transferring your pension benefits we would strongly recommend you seek financial advice – visit http://www.unbiased.co.uk/ to get contact details for Independent Financial Advisers based in your area.

[-][+] Your pension and retirement

The date that you can retire is specified in your Scheme, Plan or Fund rules that were applicable at the date you left. Under certain circumstances it may be possible to draw your pension early.

If you are a deferred member or are thinking of leaving, please ensure that before you reach retirement you inform us of your up-to-date address. This will enable us to contact you regarding your retirement and to make any pension or other payments in good time.

If you have deferred pensions due from other previous employers but have lost their contact details, you can use the Pension Tracing Service provided by the DWP to obtain the administrator’s current contact details.