UUPS Hybrid section

Welcome to the Hybrid section of the United Utilities Pension Scheme.  The Hybrid section is in two parts: DB core and DC top up.

The Scheme forms an important part of your benefits package, providing savings for your retirement and protection for your dependants on death. 

  • About the Hybrid section

    The Hybrid section provides elements of both defined benefit (DB) and defined contribution (DC) schemes. You will continue to grow a defined income through the DB core as well as starting to build up a flexible cash pot through the DC top up.

    Other DB benefits (built up to 31 March 2018) continue to operate as they did within the previous DB sections. Please see the Hybrid booklet in the information library for more information.

  • Accessing your pension

    The hybrid section is managed by two different administrators. See the information below regarding how to access your records.

    The DB section of the Hybrid Scheme is looked after by Willis Towers Watson. You can see your pension record held by them by logging onto the ePA (electronic pensions administration) website. In this site you can:

    • See your personal details
    • Obtain a quotation of what you could receive at retirement

    The DC section is looked after by Aegon (formerly BlackRock). You can see your pension record held by them by logging onto the Aegon website.

    If you have forgotten or misplaced your username or password please contact Willis Towers Watson on 0113 394 9309 or Aegon on 01733 353481

  • Changing contributions

    At 1 April 2018:

    • the contribution rate for the DB core element is set at 10% of DB core pensionable earnings
    • the default DC member contribution rate has been set at 7% of the DC top pensionable earnings

    You can amend what you pay into your DC pot at any time by completing the completing the online application form. You can pay between 3% and 7% into the pension scheme. The company will pay in double what you pay. You can pay more than 7% but this is classed as Additional Voluntary Contributions (AVCs) and is not matched by the Company.

    Additional Voluntary Contributions (AVCs)

    *You can start/stop or amend your AVCs at any time. Any regular monthly AVCs will be made under PensionSaver if you are already in the PensionSaver scheme and make amendments on 1 April or due to a lifestyle event. If you pay a one off lump sum or change the amount and it is not because of a lifestyle event you will be opted out of PensionSaver on the AVC until the renewal date of 1st of April.

  • Contact information

    Scheme Administrators

    DB section: Willis Towers Watson, PO Box 545, Redhill, RH1 1YX

    Telephone: 0113 394 9309 Email uups@willistowerswatson.com

       

    DC section (formerly BlackRock): Aegon Workplace Investing, PO Box 17486, Edinburgh, EH12 1NU

    Telephone: 01733 353 481  Email my.pension@aegon.co.uk