The Inmarsat Pension and Savings Plan
The new home for your workplace pension savings.
After the recent consultation with employees, Inmarsat is happy to announce its decision to close the Inmarsat Pension Plan DC Tier and set-up a new defined contribution (DC) pension plan (the Inmarsat Pension and Savings 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, register below for one of the forthcoming online presentations from Fidelity.
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.
Below are a number of questions and answers in relation to the move to the Inmarsat Pension and Savings Plan (the ‘new Plan’). Not all of the below will be relevant for former employees of Inmarsat with Inmarsat Pension Plan DC Tier (the ‘old Plan’) savings.
If you have any further questions please contact Fidelity’s Workplace Investing Service Centre on 0800 3 68 68 68 (open Monday to Friday, 8am - 6pm) or by email at email@example.com
Nominating your beneficiaries
As the Inmarsat Pension and Savings Plan is a new pension arrangement, you will need tell the trustees your wishes for any unused pension savings if you were to pass away.
You can nominate your beneficiaries by completing the Expression of Wish form online in your PlanViewer account for the Inmarsat Pension and Savings Plan. You’ll be able to register for your new PlanViewer account when you receive your new Fidelity Reference Number in your Welcome pack for the new Plan in January 2022.
It’s also a good idea to regularly check that you’re still happy with your choice of beneficiaries - if you need to, you can update your beneficiaries by logging into your PlanViewer account.
Legal notice: Your rights and benefits under the Inmarsat Pension Plan DC Tier and Inmarsat Pension and Savings Plan 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.