Frequently Asked Questions (FAQ)
Q:
Do I have to be a member of Unite to be able to join a PIPS scheme?
A:
No, if your company has adopted the PIPS scheme all employees are entitled to auto enrolment.
Q:
Does the employer have to be a member of the BPIF?
A:
No, all companies in the printing industry and allied and related businesses are encouraged to contact one of our advisers to autoenrol your employees, irrespective of BPIF membership.
Q:
Can I join as a self employed person in the industry?
A:
Please contact our advisers who can explain how you can become an individual member of the scheme.
Q:
Do I own my pension contract with a PIPS related scheme?
A:
Yes, you will be the legal owner of your pension account.
Q:
Can I control how my money is invested?
A:
Yes you may choose your investments from a wide range of funds offered by the Scheme provider and can change them if you wish. Please note that your investments can go down as well as up.
Q:
Can I get help to understand Pension Freedoms?
A:
Your scheme provider, Aviva, Legal & General and Standard Life can assist you with Pension Freedoms and direct you to the correct advice.
Q:
Can a PIPS Scheme accept transfers in from other pension schemes?
A:
Generally speaking, yes and you would need to consult the PIPS advisers.
