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 / 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?

Employees may join DC Choice if they are aged at least 18 but have not reached Normal Retirement Date, provided that they fall within at least one of the three categories set out below.

  • All employees who joined the Company on or before 5 April 2006 and have continuous employment since that date are eligible to join DC Choice.
  • All employees who joined the Company between 6 April 2006 and 7 May 2011 and have continuous employment since that date may, at any time they are not employed as Retail Staff, join DC Choice. For this purpose, Retail Management or Retail Support Centre Staff do not count as "Retail Staff" and so would be eligible.
    Temporary staff must have completed at least 12 months’ continuous employment before becoming eligible.
    If an employee is an active member of DC Choice they can remain a member regardless of job status. If the employee opts-out of DC Choice they cannot rejoin unless they meet the eligibility conditions at the time they wish to rejoin.
  • All employees, regardless of the date on which they joined, may at any time (on or after 8 May 2011) when they are employed as a Licensed House Manager or Retail Support Centre Staff (and it is for the Company to decide whether they fall into these categories) join DC Choice.
    If an employee is an active member of DC Choice they can remain a member regardless of job status. If the employee opts-out of DC Choice they cannot rejoin unless they meet the eligibility conditions at the time they wish to rejoin.

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 form below to Louise Sullivan, Employee Benefits Advisor, M&B plc, 27 Fleet Street, Birmingham B3 1JP

BlackRock

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

Mitchells & Butlers Pensions,
BlackRock Employee Savings Service Centre,
PO Box 704,
Peterborough,
PE1 1WL.

Telephone: 01733 353416
Email: uk.ops@blackrock.com

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