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The Domino UK Pension Scheme

The new home for your workplace pension savings.

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After the recent consultation with employees, Domino is happy to announce its decision to close the Domino Printing Sciences PLC 1984 Retirement Benefits Scheme (‘RBS’) and set-up a new defined contribution (DC) pension scheme; a section within the Fidelity Master Trust called the Domino UK Pension Scheme (‘new Scheme’).

Use this site to find out more about what’s happening, explore how your new pension Scheme works and what you can do to manage your retirement savings.

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 Domino 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.

Why have we chosen to change the pension?

The main change is to the identity of the pension scheme offered by Domino. The aim is to offer a more modern pension arrangement with additional governance and more flexibility in the way in which you can take your retirement benefits.

Watch the film to find out more about the new Scheme

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What is a Master Trust?

The new Scheme will be run by the Master Trust Board, the majority of whom are independent. The Trustees are responsible for ensuring the Scheme is run in accordance with the Scheme rules and the relevant legislation. The Master Trust Board has a legal obligation to act in members’ best interests.

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What happens next?

On 1 December 2021, all current employees, and any new joiners to Domino, will be automatically enrolled into the new Domino UK Pension Scheme.

Fidelity will set up your new Scheme account between 24 November and 24 December 2021. Shortly after, you will receive a welcome pack in the post with details of how to activate your new online account. Once logged in, you will be able to manage your investments in the normal way.

The Domino Printing Sciences PLC 1984 Retirement Benefits Scheme (‘RBS’) will close on 24 November 2021 and November’s contribution will be the last to be paid into that Scheme. From 24 November 2021, you will have view only access to your account and you will not be able to make any changes. The balance that you have accrued will be moved into your new Scheme account during December; this is known as an ‘asset transfer’.

Former employees of Domino, that still hold a Domino Printing Sciences PLC RBS account, will also have their accrued balance transferred into their new Domino UK Pension Scheme account during December 2021.

Our information centre can help with your questions about the changes

Go to the FAQ section at the top for further information.

You can also speak to your Domino HR Operations Team or Fidelity’s Workplace Investing Service Centre, please call 0800 3 68 68 68 (lines open Monday to Friday, 8am - 6pm).

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