Sections of the UKRF
The Barclays Bank UK Retirement Fund is one fund that has nine sections as follows:
Name of section | Type (predominant) | Description |
---|---|---|
Name 1951 Plan | Type Defined Benefit | Description Based on final salary. No active members. |
Name 1964 Pension Scheme (including former members of the Woolwich Pension Fund, the 1936 Fund and former Martins Bank employees) | Type Defined Benefit | Description Based on final salary. No active members. |
Name Afterwork | Type Hybrid – Cash balance (Credit Account) and Defined Contribution (Investment Account) | Description Comprises a cash balance scheme known as the “Credit Account” and a defined contribution scheme known as the “Investment Account”. Closed to new entrants. |
Name AP89 Pension Scheme (former Allied Provincial PLC 1989 Pension Scheme) | Type Defined Benefit | Description Based on final salary with DC underpin. No active members. |
Name Barclays Capital Scheme | Type Defined Contribution | Description No active members. |
Name Capel Cure Scheme | Type Defined Contribution | Description No active members. |
Name Career Average Scheme | Type Defined Benefit | Description Based on average salary. No active members. |
Name Mercantile Plan | Type Defined Benefit | Description Based on final salary. No active members. |
Name Pension Investment Plan | Type Defined Contribution | Description No active members. |
Name Retirement Investment Scheme | Type Defined Contribution | Description No active members. |