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In this section

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

As a deferred member, you are no longer working for a contributing employer but have left your benefits in the ICI Pension Fund (the Fund). On your retirement you will receive benefits from the Fund or benefits may be payable to your dependants on your death. These are called ‘deferred benefits’.

View your pension online

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

  • the date you joined the Fund;
  • your transfer-in summary; and
  • 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.

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 This link will open in a new browser windowor password, please contact ICI Pensions Services.

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

Frequently Asked Questions

This leaflet is for members of the 1967 Rules Section who are no longer building up benefits in the Fund but have yet to start their pension.

These notes have been designed to provide information and answers to questions that are frequently asked by financial advisers providing advice around transferring benefits out of the Fund.

This leaflet explains what having a Guaranteed Minimum Pension means for you and how your pension from the Fund interacts with State benefits.

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 – complete the Change of personal details form and provide relevant official documentation supporting your change of name (e.g. original marriage certificate, certificate of civil partnership or deed poll documentation – these will be returned to you by special delivery).
  • change your address – complete the Change of personal details form
  • change your marital or civil partnership status – complete the Change of personal details form and provide your original marriage certificate, certificate of civil partnership or decree absolute (this will be returned to you by special delivery). Your marital status will only be changed once ICI Pensions Services see an original copy of your certificate.
  • haven’t yet provided details of your dependant children – complete the Change of personal details 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
  • 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

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 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.

Draw your pension early

If you are age 50 or over, you can usually draw your pension early. To get an estimate of what you could expect to receive at retirement, taking into account your earlier pension start date please contact ICI Pensions Services. You may request up to two free quotes within a twelve-month period (there will be a charge for additional quotes).

Draw your pension late

You can start to take your pension benefits after your normal retirement age, if you wish to do so. You should contact ICI Pensions Services for more information.

Transferring your pension

Important message about potential scamming

Transferring out of the Fund

If you wish to transfer your Fund benefits into another pension arrangement, you should contact ICI Pensions Services.

As you are currently a member of a Defined Benefit (DB) pension arrangement, we strongly advise that you seek independent financial advice before you consider transferring your benefits.

If your transfer value is £30,000 or over, you will be required to take regulated financial advice first.

Transferring into the Fund

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

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.

  1. You should send the Court Order to ICI Pensions Services.
  2. 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.
  3. 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 whilst a deferred member

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 deferred member of the Fund, the benefits that may be payable can include:

  • A spouse’s or civil partner’s pension; or
  • A refund of contributions as a lump sum; and
  • In some instances, children’s pensions.

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

  • Under the rules of the Fund, your partner’s rights are much more certain if you are married or in a civil partnership rather than single and in a long-term relationship. A married partner of the opposite sex is generally entitled to a full spouse's pension. Dependant children will be considered for a pension on your death.
  • The amount of pension is different if you die leaving a civil partner or spouse from a same-sex marriage. In this case, in accordance with legal requirements, the pension for your same-sex spouse or civil partner is based only on your service in the Fund on and after 5 December 2005, plus half of any benefits relating to contracted-out service between 6 April 1988 and 5 April 1997. The Trustee may consider paying the full spouse�s pension if a civil partner or spouse from a same-sex marriage proves that they were financially dependent on you and their personal circumstances are such that they cannot reasonably be expected to adequately support themselves financially.
  • An unmarried partner of a member also has to prove that they were financially dependent on the member to a substantial extent and that they cannot reasonably be expected to adequately support themselves financially. Consequently, a partner could potentially find themselves unable to claim a dependant’s pension, or able only to claim a reduced amount if they are currently working, have their own savings or pension, or would gain a significant inheritance when you die.
  • The same rules apply to any other family member who, in the absence of a spouse, might be nominated by the member to receive a dependant’s pension.
  • Where there is no spouse or dependant children, the Trustee will refer to the information provided on any completed Nominated Dependant’s pension – Nomination form.
  • 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.
  • 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: Benefits payable upon your death as a deferred member 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.

Members' handbook - PDF - This link will open in a new browser window Member Handbook (ICI 1967 Section) – The handbook to the 1967 Section of the ICI Pension Fund has been updated to include changes to the benefits earned by active members and to reflect pension legislation. Inside you will find everything you need to know about being a member of the 1967 Section, including working out your benefits, the protection the Fund offers your dependants, what happens to your benefits if you leave and how to claim them when you retire.

Look out for these symbols to find the information relevant to you:

Like most other specialist areas, at times the world of pensions uses technical terminology that can sound like jargon and although we’ve tried to keep this to a minimum, sometimes it’s simply unavoidable. We’ve also produced a jargon buster which defines some of the industry specific terms you’ll find in some places of your handbook.

The handbook also describes the benefits payable to deferred and pensioner members of the 1949 section. There are some differences, the main one being that there are no supplementary pensions payable under the 1949 rules.

Please note that the handbook is a summary of the benefits provided under the Fund and does not detail every member’s individual benefits, which will depend on the member’s circumstances and may therefore differ from those set out in the handbook. The Trustee must pay member benefits in line with the Fund’s Trust Deed and Rules, which will prevail in the event of any difference between the handbook and the Trust Deed and Rules.

This handbook is available as a reference document. Please contact the Fund Administrator, Willis Towers Watson, if you have a specific question about Fund benefits.