You have access to a competitive defined contribution (DC) pension scheme. While we have broad consistency in contribution structures, the particular pension arrangement that you will be enrolled into will depend on the employer within the SNC-Lavalin organisation that you are employed by.

If you are employed by SNC-Lavalin Rail & Transit Ltd or SNC-Lavalin UK Ltd, this is a pension plan administered by Aegon. For most Atkins and F+G employees, this is the Atkins Pension Plan (‘the Plan’).

If you have just joined the company, you will be automatically enrolled into one of these arrangements, depending on your employing company. However, if you are a payroll consultant, hourly paid or casual worker, or in certain circumstances where you may have joined the organisation through a TUPE arrangement, you will receive access to the NEST pension plan.

If you’ve been with the company for a while or have joined from the railway industry or as a previous employee of F+G, you could be a member of one of our legacy pension schemes; F+G Group Personal Pension scheme or the Railways Pension Scheme. These are closed to new joiners.

Learn more about each of our plans/schemes below.

SNC-Lavalin Pension Plan

SNC-Lavalin Pension Plan

These plans apply to those who are employed by either SNC-Lavalin Rail & Transit Ltd or SNC-Lavalin UK Ltd. These are defined contribution arrangements (DC) which are operated via salary exchange as a default meaning we will pay your contributions and those paid by the company into your own pension account. These contributions are then invested in your chosen investment option. You are able to update your contributions at any time via YourReward.

The day-to-day administration is carried out by Aegon who also have an Independent Governance Committee (IGC) to oversee the running of the plans. If you have any questions about your membership or would like to transfer former pension policies into the plan, contact this team.

For more information, contact the Aegon team on:
Aegon Workplace Savings
Phone: 03456 801234
Email: clientsupport@arc.aegon.co.uk

Atkins Pension Plan

Atkins Pension Plan

This Plan applies to those who are employed by either Atkins Limited or Faithful + Gould Limited. This is a defined contribution arrangement (DC) which is operated via salary exchange as a default meaning we will pay your contributions and those paid by the company into your own pension account. These contributions are then invested in your chosen investment option. You are able to update your contributions at any time via YourReward.

Our Trustee is responsible for this pension scheme, but the day-to-day administration is carried out by the pension administration team at XPS Administration. If you have any questions about your membership, or would like to transfer former pension policies into the Plan, contact this team.

For more information on your current pension plan, please visit the Atkins Pension Plan website: www.mypension.com/atkins. You can log in to view your account details from the website above, or directly through YourReward (if you have previously registered with the mypension website). If you wish to contact the XPS Administration team you can do this via:

Phone: 0118 313 0744
Email: atkins@xpsgroup.com

F+G Pension Plans

F+G Pension Plans

The F+G pension plans are closed to new joiners and were previously only available to employees who joined with Faithful+Gould contracts prior to 2015. All new Faithful + Gould employees are enrolled into the Atkins Pension Plan.

There are two legacy F+G plans: the F+G Group Personal Pension Plan and the F+G Retirement and Death Benefits Plan. Both of these are defined contribution arrangements (DC) meaning we’ll pay your contributions, and those paid by the company, into your pension account and they will be invested in your chosen investment option. You can also pay Additional Contributions to top-up your account. You can select the level of Additional Contributions that you wish to pay via YourReward.

For both of these plans, your account is held with Standard Life. If you have any questions about your membership, or would like to transfer former pension policies into the plan, please contact Standard Life.

Log in for information on your current pension plan or contact the administration team by visiting the Standard Life website.

If you are a member of one of the F+G pension plans, from December 2019 you will have the opportunity to move to the Atkins Pension Plan and benefit from the increased flexibility this offers in relation to matched contributions. If you do select to move into the Atkins Pension Plan for future contributions, then your accumulated pension pot currently held in the F+G plan with Standard Life will remain invested where it is, unless you decide to transfer it. You could choose to transfer it into the Atkins Pension Plan (as long as you are an active member of the Atkins Pension Plan) or alternatively transfer it elsewhere or look into retirement options for the pension if you are over age 55. This decision can be made at any point – it doesn’t have to happen at the same time. Click on Atkins Pension Plan for more information.

NEST

NEST

The National Employment Savings Trust (NEST) is a workplace pension scheme, which has been set up by the Government to offer pensions through auto-enrolment. If you work as a payroll consultant or are employed by the company on an hourly paid contract or as a casual worker, you have the chance to save for your retirement using this scheme. You may have also been entered into NEST, if you have TUPED across under special arrangements.

The company must enrol you into this scheme if you fit the auto-enrolment requirements below and you:

  • Are not already in an alternative qualifying pension arrangement
  • Earn over £10,000 a year i.e. £833.33 a month (in 2019/20)
  • Are aged 22 or over
  • Are under state pension age
  • Work, or usually work in the UK

You will contribute 5% of your qualifying earnings* and the company will contribute 3%, helping you to save more. The tax relief that you are entitled to for the contributions you pay will be collected by NEST from the government and paid into your pension account.

*Qualifying earnings is the band of gross annual earnings on which contributions are calculated. It includes your salary or wages, overtime payments, bonuses and commissions, as well as statutory sickness, maternity, paternity or adoption pay. It is normally aligned with the earnings that you pay National Insurance on up to the Upper Earnings Limit.

You can top-up your account by paying additional contributions, but you will need to arrange this through NEST.

You can choose to opt-out of the scheme by contacting NEST; but if you do decide to opt out, the company will re-enrol you every three years from the auto-enrolment staging date. You can re-enrol yourself at any time.

For more information, contact the NEST team on:
Phone: 0300 020 0090 ​
Website: www.nestpensions.org.uk

Railways Pension Scheme

Railways Pension Scheme

The Railway Pension Scheme (RPS) is available to employees who previously worked in the rail industry and this is now generally closed to new employees. Some employees who join or have joined the company from the rail industry may be able to keep the benefits offered in their previous scheme. Check your terms and conditions of employment for more details.

For more information, contact RPMI on:

RPMI
PO Box 300
Darlington, DL3 6YJ

Phone: 0800 234 3434
Email: csu@rpmi.co.uk
Website: www.railwaypensions.co.uk