The Domino UK Pension Scheme

With effect from 1 December 2021. Towards the end of December, Fidelity will send you a welcome pack to your home address, along with details of how to activate your new Scheme account.

In December, your accrued balance will be automatically moved into your new Scheme account; this is known as an asset transfer.

The contributions that are usually paid into your Domino Printing Sciences PLC RBS account will be instead made to your new Scheme account from December.

If you don’t want to become a member of the new arrangement, you’ll have the chance to opt-out.

Your welcome pack will tell you how to opt-out and if you opt-out within 30 days of receiving that pack, any contributions you have made to the new Scheme will be refunded to you.

Please be aware that by opting out you will no longer be a member of Domino UK Pension Scheme and you may be giving up valuable retirement benefits, including your employer contributions.

If you do opt-out of the Domino UK Pension Scheme, under government legislation, you will be automatically re-enrolled in three years’ time (with the choice to opt-out again).

You can also elect to join the new Scheme at any time in the future if you opt-out and then change your mind - you could contact your HR Operations Team for further details on the process.

The Domino Trustees will write to Self-select members in October to ask for reaffirmation of their investment decision. A form will be provided that will need to be completed and returned to HR Operations Team no later than 22 November 2021.

If you do not reaffirm by 22 November 2021, your future contributions and your asset transfer will automatically be invested in the Domino default Lifestyle Option.

No, all members that invest in the default Lifestyle Option will continue to be invested in the same way.

You can make changes up until the Scheme closes on 24 November 2021, after that date, you will have ‘view only’ access for six months; until Fidelity removes access completely.

It may be possible to transfer other pension savings into the new Scheme. There are no specific charges made by Fidelity for investing a transfer value from another pension arrangement. Whether there are any charges for making the transfer from the transferring arrangement will depend on the terms of that arrangement. However, before considering making a transfer, it’s important that you weigh up the pros and cons and ensure that you are not giving up any valuable benefits upon transferring. If you require advice, speak with an authorised financial adviser. Click here for more information about transfers.

Yes, Domino continue to work in partnership with A E Thomson Ltd to bring you retirement planning and independent financial advice services. Your contact is Martin Setchell and he can be contacted as follows: 01353 778738 or email: martin.setchell@aethomson.com

Fidelity's range of tools can be accessed here: Tools & calculators (fidelity.co.uk)

Legal notice: Your rights and benefits under the Domino Printing Sciences PLC 1984 Retirement Benefits Scheme and Domino UK Pension Scheme Section of the Fidelity Master Trust are set out in the governing documents of those arrangements. Benefits summarised herein are for information only and are not a statement of entitlement. To the extent there is any inconsistency between those governing documents and the descriptions herein the provisions of the governing documents will prevail.