Important Announcement for M Plan Members
As a member of the M Plan you have the option of joining the IBM UK Personal Pension Plan ('PPP') through the You* 2011/12 Enrolment Tool.
Whilst the Trustee and my team are unable to provide you with any financial advice to assist you with making your decision, I would like to draw your attention specifically to the potential implications for you if you move to the PPP in relation to Death in Service Pension benefits.
The comparison of the benefits provided to you if you stay in the M Plan, compared with those available if you become a member of the PPP, is shown on pages 3 and 4 of the M Plan / PPP Comparison Table in Jane Marsh's e-mail dated 30 November 2010 and you may feel that this is an important factor to take into consideration when reaching your decision. You may also wish to note the increased fund management charges in the PPP, compared to the M Plan.
If you are in any doubt as to the potential impact of your decision on the pension benefits that you may ultimately receive, you may wish to take financial advice from a suitably qualified Financial Adviser.
David Newman
Pensions Trust Manager
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Last Updated: 15/03/2011
