The new home for your workplace pension savings.
After the recent consultation with employees, Diebold Nixdorf is happy to announce its decision to close the Diebold Nixdorf Defined Contribution Pension Plan and set-up a new defined contribution (DC) pension plan (the Diebold Nixdorf UK DC Master Trust Pension Plan) using the Fidelity Master Trust.
Use this site to find out more about what’s happening, explore how your new pension plan works and what you can do to manage your retirement savings. If you want to find out more, read the FAQs and watch the recorded presentation below.
Important information - please keep in mind that the value of investments can fall as well as rise and you may get back less than you save. This information is not a personal recommendation for any particular investment or action. Tax treatment depends on individual circumstances and all tax rules may change in the future. If you are unsure about the suitability of an investment you should speak to an authorised financial adviser (you as an individual are responsible for the costs incurred for any financial advice received). The minimum age you can normally access your pension savings is currently 55, and is due to rise to 57 on 6 April 2028, unless you have a lower protected pension age.
If you are a Diebold Nixdorf employee, the decision will not affect your current pension contribution structure, your current default investment or the type of pension benefit that you can accrue (called ‘Defined Contribution’ or ‘Money Purchase’). These aspects of your retirement planning will remain unaffected by the change.
The main change is to the identity of the pension scheme offered by Diebold Nixdorf. The aim is to offer a more modern pension arrangement with new investment options, additional governance and more flexibility when you come to take your retirement benefits.
Do you know what a Master Trust is? What the benefits are? This short video explains.
Click to watchAll current employees of Diebold Nixdorf - including those that are not currently a member of the Diebold Nixdorf Defined Contribution Pension Plan - will be automatically enrolled into the new Diebold Nixdorf UK DC Master Trust Pension Plan on 1 September 2021.
If you do not want to become a member of the new arrangement, you will have the chance to opt-out. Please be aware though, that the current arrangement will be closed in October 2021, so by opting-out you will no longer be a member of Diebold Nixdorf’s workplace pension plan and may be giving up valuable benefits (see the FAQs section for more information on opting-out).
The Diebold Nixdorf Defined Contribution Pension Plan will be closed on 31 August 2021. Your contributions from September onwards will be paid into the Diebold Nixdorf UK DC Master Trust Pension Plan.
There will then be an exercise to transfer the pension savings you have under the Diebold Nixdorf Defined Contribution Pension Plan into the new Diebold Nixdorf UK DC Master Trust Pension Plan which is expected to take place in October 2021.
Former employees of Diebold Nixdorf with Diebold Nixdorf Defined Contribution Pension Plan savings will join the new Diebold Nixdorf UK DC Master Trust Pension Plan once their existing savings have been transferred to the new arrangement (as part of the October transfer), unless they choose to move their existing savings elsewhere before 30 September 2021.
Diebold Nixdorf Defined Contribution Pension Plan members will receive further information on the transfer and their choices in September.
Go to the FAQ section at the top of this page to see the questions that have been asked during the consultation process. Alternatively, if you want to speak to Fidelity’s Workplace Investing Service Centre, please call 0800 3 68 68 68 (lines open Monday to Friday, 8am - 6pm).
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Discover more about financial and retirement planningWatch the presentation which aims to give you an insight into the Diebold Nixdorf UK DC Master Trust Pension Plan. This presentation was originally delivered in August 2021.
