Skip to main content
ICI Pension Fund home page
Text size small textmedium text large textSitemap


In this section

Note: this Fund is now closed to new members.

Welcome to the area of the website for active members of the ICI Section of the Fund

As an active member of the ICI Section, you are currently working for contributing employer and paying contributions to build up your pension benefits in the ICI Pension Fund (the Fund).

View your pension online

You can see details of your pension records online through electronic pensions administration (ePA). On ePA you can:

  • get the latest estimate of what your pension could be at retirement (assuming you work for a contributing employer until your normal retirement age);
  • view our records of your pensionable pay history;
  • view your transfers-in from other schemes; and
  • view your personal data held by the Fund.
Log into ePA

You should be able to access this information about your benefits, all day, every day, without having to speak to the Helpline.

PDF - This link will open in a new browser window

You will have been sent a personal User ID and password, which you will need to access ePA. If you have lost or forgotten your User ID or password, please contact ICI Pensions Services.

Find out more about what you can do on ePA by downloading the ePA guide.

Find out more about your full range of benefits

As well as providing you with a pension at retirement, the Fund also provides a range of other benefits (including an initial cash option, ill-health pension and the option to draw your pension early or late) and protection for your dependants (for example, death benefits).

You can read more about your benefits in the member handbook.

Your annual benefit statement

You receive a snapshot of your pension benefits in your annual benefit statement (usually issued in August). Your statement shows:

  • an estimate of the pension you could be entitled to at retirement, assuming you remain an active member of the Fund until you reach your normal retirement age;
  • death-in-service benefits; and
  • other information for retirement planning.

Keeping us up to date

Keeping us up to date with any changes to your personal circumstances helps us pay you and your dependants the right benefits. It also means that should anything happen to you, your wishes are understood by the Trustee.

You should contact us if you:

  • notice that any of your personal details are incorrect – contact ICI Pensions Services.
  • change your name – contact the 1HR team
  • change your address – contact the 1HR team
  • change your marital or civil partnership status – contact 1HR team
  • haven’t yet provided details of your dependant children – contact 1HR team
  • would like someone to be considered for any lump-sum benefits in the event of your death, or to change your current nomination – complete the Expression of wish form
  • would like someone to be considered for a dependant’s pension benefit in the event of your death – complete a Nominated Dependant’s pension – Nomination form

Once you’ve completed any form, please return a signed, hard copy by post to ICI Pensions Services.

The Trustee takes the security of your personal information very seriously. Therefore we require any changes to your personal details to be made in writing with your signature to help protect you from fraud. Please note the ICI Pensions Services team will never ask you to confirm changes to your personal information over the phone or by email.

Approaching retirement

You will be entitled to receive your pension from your normal retirement age. A retirement pension quotation will usually be sent to you six months before your normal retirement age.

When you come to retire you may also have an opportunity to exchange some of your pension for a cash lump sum, which is also referred to as the Pension Commencement Lump Sum (PCLS). Please consider this carefully as you will only be offered this option as you retire – once you have started to receive your pension it is not possible to choose a lump sum, nor is it possible to change the value of your lump sum.

Drawing your pension early

If you think you might want to draw your pension early, a number of ‘early retirement’ options may be available, depending on your personal circumstances.

If you are age 50 or over, you can usually apply to draw your pension early. To get an estimate of what you could expect to receive at retirement, please contact the 1HR team.

Drawing your pension late

You may also have the option of drawing your pension after your normal retirement age. If you are considering working beyond your normal retirement age, please contact 1HR to see what options are available to you and find out what decisions you may need to make about your pension benefits.

Ill-health retirement

If you have to stop working due to ill-health, you may be eligible for an ill-health early retirement pension. You can find out more details in the leaflet on ill-health retirement.

Leaving employment before retirment

If you are ceasing employment with a contributing employer before retirement, you will become a ‘deferred’ member of the Fund.

Shortly after leaving, ICI Pensions Services will send you a statement of your deferred benefits and the options available to you.

See the deferred members’ section of this website to find information about deferred benefits.

What happens to your pension if your marriage or civil partnership dissolves?

If you are a member whose marriage or civil partnership is being dissolved, your pension settlements and entitlements are generally handled through the courts. The following steps normally happen in relation to your pension:

  1. You should ask ICI Pensions Services for a transfer value, which shows what benefits you’re entitled to from the Fund at that point. You can provide this transfer value to the court.
  2. The court will determine the proportion of pension benefits, if any, that will be awarded to your ex-spouse or ex-civil partner. This is detailed in a Court Order.
    Note: the Trustee cannot take into account any interim or informal financial arrangements in respect of your pension benefits that are not detailed in a Court Order.
  3. You should send the Court Order to ICI Pensions Services.
  4. ICI Pensions Services will act upon the Court Order instruction and liaise with your ex-spouse or ex-civil partner about their proportion of the benefits.
  5. ICI Pensions Services will then provide you with details of your new entitlement from the Fund.
    Note: there are administration charges for carrying out this process – ask for a copy of charges from ICI Pensions Services.

Death in service

Planning for what happens to your pension benefits in the event of your death is not something many of us like to think about. However, you should consider the benefits payable so that your wishes are understood by the Trustee.

If you die while you are a contributing member of the Fund, the benefits that may be payable can include:

  • a lump sum based on four times your pensionable pay;
  • a spouse’s or civil partner’s pension; and
  • in some instances, children’s pensions.

Points to note about benefits that may be payable on the death of a member:

  • If you are married or in a civil partnership at the time of your death, your spouse or civil partner will usually be entitled to a pension based on your pension entitlement.
  • If your spouse or civil partner is more than 15 years younger than you, any pension payable to your spouse or civil partner may be reduced at the discretion of the Trustee.
  • Dependant children will automatically be considered for a pension on your death.
  • If you are not married or in a civil partnership but have a partner, or someone who is financially dependent on you, they may still be able to obtain a nominated dependant’s pension. However, this is not payable automatically and will depend on the particular circumstances and is subject to Trustee discretion. The Trustee will also refer to the information provided on the completed Nominated Dependant’s pension – Nomination form.
  • A lump sum may also be payable to your dependants at the discretion of the Trustee, who will consider the information on your Expression of wish form.

Note: Death in service benefits can vary and there may be other circumstances where the benefits that your spouse/dependant/beneficiary receives are different to those described above.

If you are a relative or a representative of a deceased member, please click here for more information.

Opting out of the Fund

Opting out of the Fund means that you will stop building up future benefits in the Fund and will become a deferred member. You will not be able to re-join at a later date, although you may be able to join the Company’s Defined Contribution (DC) Plan. Please contact 1HR for more information on joining the DC Plan.

If you are considering opting out of the Fund, we strongly advise that you seek independent financial advice before doing so.

If, after receiving advice, you would still like to opt out of the Fund, please place a request through 1HR.

Transferring into the Fund

You cannot transfer your benefits from other pension schemes into the Fund.

Members' handbook - PDF - This link will open in a new browser windowFurther information on your pension benefits is available in your Members’ handbook.