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.