Deferred UPP members

If you’ve left the UPP and haven’t yet retired, you’re a ‘deferred’ member. Neither you nor the Company will still be contributing to your pension account. 

Claiming your benefits
You can apply to start taking your UPP benefits when you reach age 65.

You have several options about how to take your pension when you retire. You can find out more about these options from the administrator, Fidelity, and by visiting Pension Wise, a free, impartial government-led service, which also offers face-to-face and over-the-phone guidance to those aged 50 or over. 

Transfers and pension scams
Fraudsters may try to lure you into an illegal pension transfer – and if they succeed, you could lose all of your pension savings and be taxed as well! 

Beware of:

• Promises of early access to your pension (before age 55)
• 'Guaranteed' returns on investments
• Offers of free pension reviews and health checks
• Talk of pension loans or upfront cash
• Advice to transfer your pension savings into small occupational schemes to avoid scrutiny from regulators

You can learn more about pension fraud and red flags to watch out for on the Pension scams page.

If you do wish to transfer your Uniper pension to another pension arrangement, you will need to contact the pension administrator, Fidelity, and request a transfer value.

Choosing your beneficiaries
If you die before you claim your UPP benefits, a lump sum could be paid to your beneficiaries.

You can tell the administrator who you’d like your beneficiaries to be by completing an Expression of Wish form, which is available from Fidelity or by going online with the PlanViewer on the Fidelity website.

To change your beneficiaries, simply submit a new form. This will override any previous forms.

Ill health
Being unable to work due to ill health can be worrying, so ill-health retirement may be one way to help ease the financial burden if you qualify.

If you meet the criteria, you may be able to claim your UPP pension early.

Contact the administrator, Fidelity, for more details on how to apply for ill-health retirement.
 
Find out more
You can learn more about your benefits and options in the Uniper Pension Plan guide, a copy of which is available in the UPP library.