DC Members

An Introduction to DC Choice

This website offers all members an opportunity to keep their records up to date by completing and returning Beneficiary / Dependant's Pensions / Change of Address Forms (see below) on a regular basis.

To change your contribution rate or investment please login to your BlackRock account (see view your account).

What is DC Choice?

  • A defined contribution retirement savings plan which can provide the added security of life assurance and ill-health benefit if anything should happen to you.
  • An account is opened in your name and you build up your savings by adding contributions and by investment return.
  • When you retire you use your account to purchase an annuity which provides a regular income in retirement. You may also be able to take some of your fund as tax-free cash.
  • The amount in your fund at retirement depends on the amount you have contributed directly or through NICwise, the amount the Company have contributed and how well your investments have performed.

Who is eligible?
  • Corporate and retail management employees are eligible to join as are retail staff who have been continually employed by the Company since 5 April 2006.
  • Retail staff who joined the company after 6 April 2006, are not eligible to join DC Choice, but are able to apply for a Stakeholder pension. For more information, please contact Prudential on 0845 075 2244.

What are the benefits of joining DC Choice?

The benefits are:

  • a tax-free way to save for your retirement;
  • the opportunity to double the amount you pay into your account at no extra charge to you;
  • free ill-health cover if you have to leave work due to a serious illness or injury;
  • free life assurance cover and an income for your family should you die; and
  • the freedom to take your savings to another pension arrangement, if you leave the company.

To become eligible for these benefits you will need to provide evidence of your good health. You will be notified if these benefits are restricted.

How do I join?

1. Check you are eligible.

2. Read the DC Choice Handbook.

3. Complete and return the forms below to BlackRock:

BlackRock

If you have any questions about pensions please contact the pensions administrators:

Mitchells & Butlers Pensions,
BlackRock Pensions Administration Centre,
PO Box 704,
Peterborough,
PE1 1WL.

Telephone: 01733 353416
Email: uk.ops@blackrockpensions.co.uk

An image of people standing at a buffet at a Mitchells & Butlers pub.