On 1 October 2024, Babcock International Group plc (the Company) launched a new employee pension arrangement with The Aon MasterTrust, known as the BIG MasterTrust (BIG MT). From 30 September 2024, active members ceased to contribute to the Scheme and contributions from 1 October 2024 have been moved to the BIG MT.

Following this, the Company asked the Trustee to consider transferring existing DC pots to the BIG MT.

By law, the Trustee is required to give you at least one month's notice that your benefits will be transferred. You should have received a letter (including a Q&A document) from us in November 2024 informing you of the proposed bulk transfer. The proposed transfer to the BIG MT is expected to take place between mid-January and the end of February 2025.

There will be a blackout period during the bulk transfer process where Aviva will be unable to process any transactions. Therefore, if you are looking to draw your benefits, transfer out of the Scheme or make changes to your investments, you may want to bring that forward or wait until the transfer to the BIG MT has taken place.

For more information, you can read our online article.

Remember, you can access your personal account with Aviva by visiting www.myoneday.co.uk, selecting the BRSS box on the home page then “View my Personal Account” to take you to your personal record with Aviva (My Workplace). If you have any issues accessing your personal account, please contact Aviva by telephone on 0800 404 6539.

After the transfer is complete, you will receive a closing statement from the BRSS, letting you know your Scheme account has been closed.