There are several additional contribution options available:

Matched Contributions (M Plan and Hybrid M Plan only)
Elect 1% or 2% Matched Contributions and the Company will match the contribution you elect. Matched Contributions are part of the You* flexible reward scheme and can only be elected during the annual You* elections. Find out more...

Additional Smart* Contributions (ASCs)
Elect ASCs and receive a 6% uplift from the Company. Matched Contributions are part of the You* flexible reward scheme and can only be elected during the annual You* elections. Find out more...

Additional Voluntary Contributions (AVCs)
Start or stop paying AVCs whenever you wish. You can pay a percentage of your salary, a fixed monthly amount or a one-off payment. Find out more...

See the How do I change my TRA? page for instructions.

To switch your existing Retirement Account and/or additional contributions you must complete the appropriate switch form below. The switch forms are attached below:

M Plan switch form

Enhanced/Hybrid M Plan switch form

DB Additional contributions switch form

Active employees can change their investment election for future contributions by completing a 'Future Contributions Investment' form.  The appropriate form can be downloaded below.

M Plan future contributions

Enhanced/Hybrid M Plan future contributions

I Plan AVCs future contributions

If you change the investment of any future contributions to a Freestyle fund, this won't change the investment of your existing Retirement Account.

To disinvest you existing funds with Friends Life and/or Equitable Life With-Profits funds to any of the Legal & General funds you must complete the disinvestment form below.

Friends Life and/or Equitable Life Disinvestment form

Use the form on the Independent Financial Advisers page to find a local adviser.

Q. When will the funds that are 'Targeted for Closure' be closed? 

A. During the recent review by the Trustee of the investment options, some of the existing funds were identified as probable targets for closure in future.  The reason for this was that the new range of investment options offers the member the ability to replicate the same or similar type of investments without the need for these funds to remain open.  There is no specific date for this in mind, and members will be advised as soon as possible once any specific closure date is identified.  When this happens members will be given sufficient advance notice to elect to transfer their holdings to another fund(s) of their choosing.  If the member makes no election then the full value of their units in these funds will be transferred from the existing funds into an equivalent new fund or combination of funds selected by the Trustee.