April The Tower Bridge International Services LP Group Personal Pension Plan & Life Assurance Plan. Non LLP employees only

Transcription

1 The Tower Bridge International Services LP Group Personal Pension Plan & Life Assurance Plan Non LLP employees only April 2013 (Valid for issue until April 2014)

2 Contents Pension Joining 4 Contributing 6 Investing 10 Leaving service 12 Taking your benefits 12 Protecting your family 13 Tax and your benefits 14 State benefits 15 Security Life assurance 16 Finding out more/ important information 18

3 your guide Welcome to The Tower Bridge International Services LP Group Benefits Scheme, which includes two separate Plans for eligible employees: a plan for you to save money while you are working to provide benefits for your retirement including the option of a tax-free cash lump sum at any time from age 55 (the Tower Bridge International Services LP Group Personal Pension (the Plan)). a lump sum for your dependants if you die while you are still working (the Life Assurance Plan).No The companies incorporated under this plan are: Tower Bridge International Services LP BGC Brokers LP BGC International espeed International espeed Support Services Cantor Fitzgerald Europe Cantor Index Mint Partners * For the purposes of this booklet, the Company refers to any of the above mentioned employers. Employees and Partners of BGC Services Holding LLP have a separate member booklet. Notes: Group Personal Pension Plan & Life Assurance Plan 3

4 Pension Joining The Plan is a defined contribution pension plan. If you join, you will be issued with a personal policy, it works like a savings account or an investment plan but is just for you and only for your pension benefits. The Plan is administered by Scottish Widows and is likely to be a suitable way to provide benefits on or before retirement in a tax efficient and cost effective way. Before deciding whether or not to join the Plan, please read this Guide and the information supplied by Scottish Widows. You can join the Plan immediately on joining the Company if you are a UK part time or full time employee. To join the Plan, please complete the Joining Form found on the microsite: towerbridge. Please forward the completed form directly to Aon Consulting Limited. Please see the section Finding out more/important information for contact details. When you join the Plan, your SRA will be set at 65 until you give instructions otherwise. The SRA is important because it can affect how your pension contributions are invested see the Investing and Taking your benefits sections for more details. Other pension arrangements If you already have a personal pension you can still join the Plan; you are allowed to contribute to more than one personal pension or stakeholder pension at the same time. Bear in mind that the conditions in the Contributing section will apply to all contributions. Please note that the Company will not contribute to any other pension arrangement. Benefits from old schemes You may be able to transfer in benefits from a previous pension arrangement. However, this is a complex area and you should seek appropriate financial advice beforehand. If you wish to arrange a transfer, please contact Aon Consulting Limited in the first instance. Please note that different charges may apply to any funds that are transferred into the Plan. Opting out If you decide to join the Plan, you can change your mind after joining. Scottish Widows will include details of your right to change your mind and a cancellation form with your membership confirmation letter. You then have 30 days from the date you receive the letter to withdraw. You should only return the form if you want to cancel your membership of the Plan. Please note that if you do cancel during the 30-day period, the amount returned may be less than what has been paid in. This amount will then be paid to you as salary and you will pay Income Tax and National Insurance on it in the normal way. If you decide that you want to leave the Plan anytime after the initial 30 days, please give the payroll department one month s written notice. Your benefits will be treated as if you had left employment see the Leaving service section. You may be allowed to rejoin the Plan later, but you will need the Company s agreement and different terms may apply. 4 Tower Bridge International Services LP

5 Important note: Do you have Primary, Enhanced or Fixed Protection? Joining an employer s pension plan or life assurance scheme will revoke your Enhanced or Fixed Protection. If you have Primary Protection, joining the Plan may involve you paying extra tax upon taking benefits. If you have Primary, Enhanced or Fixed Protection, please let the Company know and seek appropriate financial advice before joining the Group Personal Pension Plan or the Life Assurance Plan (please note that this advice is at your own cost). For details on how to find an independent financial adviser, please see the section Finding out more/ important information. Neither your Employer nor Scottish Widows are responsible for any tax charge or loss of tax relief you incur through joining the Plan. Group Personal Pension Plan & Life Assurance Plan 5

6 Pension continued Contributing Paying contributions through salary sacrifice Contributions to the Plan are normally made through a salary sacrifice arrangement, called Pension Salary Sacrifice (PSS). The Company makes a contribution into the Plan on your behalf equal to the level of salary you wish to give up, and your salary is reduced by the same amount. (The amount paid into the Plan works out the same as if you had made a personal pension contribution and received tax relief at your highest rate.) As a result, the amount given up never becomes part of your pay. The amount of Income Tax you pay is the same for both PSS members and Contributory members but as you do not pay National Insurance on the salary you have given up, your take-home pay will increase slightly. Reference salary Your higher salary figure before the reduction is called your reference salary. This is kept on record and is used for pay reviews, calculating pension contributions, mortgage references and benefits such as life assurance. Contribution rates There is a minimum amount of your salary ( 20 per month) you can sacrifice into the Plan. There are however maximums in place per tax year. The Company will enhance whatever amount you decide to contribute into the Plan by 13.8%. This represents the National Insurance contribution saving the Company makes by you paying your contributions by PSS. You can arrange to give up higher levels of salary through PSS although you may need to bear in mind some tax rules and limits see the section Tax and your benefits. If you wish to give up any one-off amounts please refer to Scottish Widows for further information. You can normally only change the amount of salary you give up on 1st April or if you experience a life event. For more information, please refer to the payroll department. Examples of life events include: Birth/adoption of a child Divorce/separation Death of a partner Marriage/civil partnership Notice or start of maternity leave If you do not experience a life event, the level of salary you give up must stay the same until the next review date (1st April). You should note that you will only receive this uplift if you make your contributions via PSS. 6 Tower Bridge International Services LP

7 Important PSS reduces your earnings, which will, in turn, reduce the maximum level of contributions you can make to any other pension arrangements. It may also affect your entitlement to some State benefits which are based on your income or the National Insurance you pay. These include Employment and Support Allowance and the State Second Pension ( S2P ). For 2013/2014, if the salary you receive (less the contributions you have given up) falls between 15,000 (the Low Earnings Threshold ) and 40,040 (the Upper Accrual Point ), membership of the Plan will involve a marginal reduction in your S2P. If you are unsure how PSS might affect your State benefits, you should contact Her Majesty s Revenue & Customs (HMRC) or visit Please refer to your payroll department for information on how maternity or paternity leave, or sickness absence may affect PSS. Paying contributions from your salary If you wish, you can opt out of PSS at outset or a later date and pay contributions from your monthly salary. (Your payroll contact can provide further information about this.) This is the traditional way of making personal pension contributions. You receive your salary each month in full and then pay your contribution from it. Your contributions are taken from your pay and paid into the Plan each month. If you decide to make contributions in this way, you will not receive the 13.8% uplift from the Company. You can change the amount you contribute or make a oneoff contribution; refer to your payroll department for more information. When you pay contributions into a pension plan, you may need to bear in mind some tax rules and limits see the section Tax and your benefits. Group Personal Pension Plan & Life Assurance Plan 7

8 Pension continued Tax Relief You receive tax relief on your contributions to the Plan. This means that while your full contribution goes into the Plan, the actual cost to you is this amount less basic rate Income Tax (currently 20%). So, if your monthly contribution is 100, then only 80 will be taken from your pay. If you pay Income Tax at the higher or additional rate, you may be able to claim further tax relief on your annual tax return or through your local tax office. Please remember it is your responsibility to do this Scottish Widows can only apply tax relief to your contributions at the basic rate. HMRC will normally adjust your personal tax coding, allowing you to take home slightly more salary before you start paying higher or additional rate tax. In other words, you receive the extra tax relief in your pay, rather than in your pension plan. Please note: The Company reserves the right to make changes to the Plan, reduce or withdraw employer contributions to the Plan or withdraw PSS subject to current pension law. 8 Tower Bridge International Services LP

9 Comparing PSS and contributing from pay This example shows how your Income Tax and National Insurance is worked out, depending on whether you are taking part in PSS or not. The example uses a salary figure of 25,000 and assumes contributions of 5% from you. PSS Member Contributory member Salary 25,000 25,000 Salary amount given up 1,250 Nil Tax and National Insurance based on salary amount of 23,750 25,000 You pay tax and National Insurance of 4,782 5,182 Contribution from your net pay Nil 1,000 Your Employer contribution from its own National Insurance saving N/A Total payment into pension 1, ,250 Take-home pay 18,968 18,818 (includes increase from National Insurance saving) (this is 1,250 less 250 tax relief) Please note: The calculations in the example are based on a yearly personal allowance of 9,440 (2013/2014 tax year) and are estimates only. They do not reflect the Plan s actual contribution rates. Group Personal Pension Plan & Life Assurance Plan 9

10 Pension continued Investing There is a range of funds available to you for investing your contributions. The Scottish Widows Pension Investor s Guide gives you full details of the funds available, including external fund links, selecting your own funds and/or removal from the lifestyle strategy. You will be automatically invested in the Plan s default option from the outset. Please note you can change your fund choice at any time once your policy is set up. Your fund choices Unit-linked funds These funds are divided into units of equal value. The contributions from your account are used to buy a number of these units, depending on how much the units are worth at the time. These units will go up and down in value, which in turn will make the value of your plan rise and fall accordingly. Please bear in mind that if unit prices fall, your plan may be worth less than you have invested. With-Profits fund Please read the Scottish Widows Pension Investor s Guide for full details of their particular With-Profits fund, including charges. (With-Profits funds work differently to unit-linked funds, so it is important that you read these details.) If you decide to invest in with-profits and then withdraw your money before the Plan matures, the provider may reserve the right to: reduce the selling price at which your units are sold; or withdraw part of the bonus (if the provider adds returns to the fund in this way). This is often called a market value reduction. The provider can decide how much to take away from the unit price or bonus, but it will normally reflect market conditions at the time. Changing your choices Any investment decision you make now is not final at any time, you can switch existing funds, redirect future contributions to other funds, or both. The default option From outset, contributions will automatically go into the default option, which is the Scottish Widows State Street Global Advisors (SSgA) Global Equity 50:50 Index Fund. This option automatically moves your investments gradually from the higher risk Scottish Widows SSgA Global Equity 50:50 Index Fund to the lower risk Scottish Widows Pension Protector Fund and the Scottish Widows Cash Fund over the seven years before your selected retirement age (or SRA ). Full details of each fund are provided in the Scottish Widows Pension Investor s Guide including details on selecting your own funds and/or removal from the lifestyle strategy. The fund manager decides the split of investments in these particular funds. Further fund information is included in the Scottish Widows Investment Fund Guide. Please note that a lifestyle approach, where the investment is automatically switched to lower risk funds as you approach retirement, may not be suitable if: you do not want to buy an annuity; or you do not intend to draw benefits from the Plan at your SRA. On joining the Plan, your SRA is set to age 65. However, you can currently change your SRA to any age from 55 onwards, by contacting Scottish Widows directly. It is important that you review your SRA from time to time and advise Scottish Widows as soon as possible if you want to change it. Otherwise, the fund switching may start at the wrong time. Too late, and you could end up being exposed to unnecessary risk. Too early, and your investments may miss out on potential high returns. 10 Tower Bridge International Services LP

11 Keeping track Scottish Widows will send you an annual benefit statement that will show: details of the contributions paid; the current value of your fund; and an estimate of the benefits you might receive, based on the contribution rate at the time. When you join the Plan, you are automatically sent login details to access your pension online at: Charges The fixed charge made by Scottish Widows for providing the Plan administration and investment services is called the Annual Management Charge, or AMC. Providers also have the right to charge additional expenses, which may vary. Aon Consulting Limited has negotiated the AMC with Scottish Widows on the Company s behalf. The AMC for the Default Investment Option and most of the Scottish Widows internal funds and most of the passively managed funds, will be 0.55% of your fund value that is 55 pence for each 100 of your fund value. The AMC will be automatically reflected in your fund value. Funds managed by other fund managers may carry a higher AMC, as detailed in the Scottish Widows Charges Sheet. This AMC will increase to 1.00% or 1 for each 100 of your fund value if your contributions cease. However, if you continue to make the minimum contribution of 20 (gross) per month to the Plan, you will continue to enjoy the Active Member Discounted AMC of 0.55%. This minimum contribution must be set up within three months of contributions ceasing, otherwise the benefit is revoked. Important information Some funds invest in a particular market, with the investment manager for that fund choosing the assets. You may only want to choose specialist funds like this if you are familiar with investing (and the risks it involves), or if you are familiar with that market or how the fund might behave. If you invest in overseas funds, changes in currency exchange rates may affect the value of your investments. Some funds in regions where markets are still developing (often called emerging markets ) may be especially volatile, with dramatic falls and rises in value. Property funds can carry extra risk because of the time it takes to buy and sell property this may make the funds more volatile and you may find that there are delays with moving money you have tied up in property to another type of investment. Some cash or deposit funds are actually money market funds that invest in different types of asset. As a result, these funds can be more volatile than ordinary cash investments and may rise and fall in value. This means the value of your capital is not guaranteed. The AMC level reflects the fact that commission is paid by Scottish Widows to Aon Consulting Limited. Details of the commission and charges are contained within the Scottish Widows key features document, including any Active Member Discount. Group Personal Pension Plan & Life Assurance Plan 11

12 Pension continued Leaving service If you leave the Company, you keep the fund you have built up. You may: Leave your benefits in your plan and they will continue to be invested in the funds you chose. Continue paying contributions to your plan (although any Company contributions will stop). Transfer your fund to another pension arrangement. Use your fund to buy your benefits if you are aged 55 or over. The most suitable option for you will depend on your situation at the time you leave. You may want to seek appropriate financial advice before deciding. If you leave your benefits invested with Scottish Widows, please make sure you check any difference in their charges. Aon Consulting Limited have negotiated lower rates for employees (an Active Member Discount); the base annual charge will increase to 1.00% when you leave service and stop contributing. You can keep the base annual charge of 0.55% by continuing to contribute at least 20 per month gross to the Plan. Taking your benefits There are several options to choose from when taking your benefits. You can currently take up to 25% of your fund value as a tax-free cash sum. The rest of your fund can be used to provide an income for you, either by: buying an annuity; or drawing income from your fund. The level of your benefits will depend on the size of the fund you have built up. You can currently draw retirement benefits from age 55 onwards. (You do not need to retire or leave the Company first.) Annuities If you decide to buy an annuity, your options are: Pension for yourself a regular income, payable for life. Pension increases you may choose whether your pension remains at its starting level, or increases in payment (normally to help protect it against rises in the cost of living). Family pensions you can choose to have a pension paid to your spouse or other dependants following your death. Guarantee you can have your pension guaranteed for a minimum length of time (commonly five years) that is, if you were to die within this guarantee period, your pension would be paid in full for the rest of the period. Fixed Term you can buy an annuity for a fixed number of years rather than one which continues until your death. Please note that you have a fixed amount of money (your fund value) for providing benefits so for each extra option you choose, you will start with a smaller amount of pension. 12 Tower Bridge International Services LP

13 You should also bear in mind that your pension will generally be smaller the earlier you take your benefits. This is because fewer contributions will have been paid in, your fund will have been invested for a shorter period of time, and your pension is likely to be paid for a longer period. On the other hand, the later you take your benefits the higher your pension is likely to be, because more money will have been paid into your plan, it will have been invested for longer and your pension will potentially be paid over a shorter time. Before taking your benefits you will receive a statement showing full details of your options and more information about buying pensions. However, you can buy your annuity from an insurance company of your choice you do not have to take your benefits from Scottish Widows. As you approach your SRA, the Aon Hewitt Annuity team will give you access to the Aon Hewitt Annuity Finder, which allows you to search for the most suitable annuity for you online. If you are thinking of taking your benefits before your SRA, the Company can arrange for you to have access to the Annuity Finder, or you may prefer to contact the Aon Hewitt Annuity team directly on Drawing income Instead of buying an annuity, you may draw an income from your fund and carry on investing the rest. If you are thinking of doing this, remember that your fund and the income you receive may go up or down depending on how well your investment choices perform. Protecting your family Financial protection for your dependants is available from the Plan. If you die before taking your benefits The fund you have built up to the date of your death would be payable to your beneficiaries as a cash sum. Your wishes It is important that you complete a Nomination Form outlining who you would like to receive any benefits following your death. Equally, if your personal situation changes for example, you marry, divorce or become a parent you may need to update any Nomination Form you have already completed. The Nomination Form is available via the microsite, if you are unable to access the microsite you can request the form by using the contact details in the section Finding out more/important information. If you die after taking your benefits The benefits payable will depend on whether you chose to buy an annuity at retirement (rather than draw an income) and, if so, whether you included pensions for your partner or family. You should consider taking independent financial advice about your options before taking your benefits. Group Personal Pension Plan & Life Assurance Plan 13

14 Pension continued Tax and your benefits Note: If you take part in the Plan through PSS and do not contribute to any private pension plans, the section immediately below does not apply to you. Please go straight to the sections on the annual allowance and lifetime allowance. Personal contributions HMRC applies certain restrictions to the level of your own pension contributions that can receive tax relief. You can make contributions of up to 3,600 (including tax relief), or if greater, 100% of your UK earnings into the Plan each year. You would also have to pay a tax charge on any contributions (from you and the Company) or benefits, above the allowances described in the following two sections: Annual allowance The annual allowance applies to all contributions from you or any employer going into your pension arrangements over a pension input period. (This is ordinarily a period of 12 months, often set by the pension provider to run from 6 April to 5 April. For those joining the Plan after 6 April 2011, your first pension input period will normally run from soon after the date you join until the following 5 April). The contributions for the period are measured against the annual allowance figure for the tax year when the pension input period ends. The annual allowance is currently set at 50,000*. If the contributions going into your plan during the pension input period are above 50,000*, you will normally pay tax on the excess at your highest rate, unless you have unused annual allowance you can carry forward. (For example, if your contributions over the previous pension input period came to 39,000, you can carry 11,000 over and have an annual allowance this year of 61,000.) It is also possible (only once in each tax year) to change your pension input period (this can sometimes allow contributions to be made to your plan that would otherwise be caught by the allowance). If you are considering taking this sort of action, or if you think your contributions will go over 50,000*, please consider taking financial advice before making any decisions. * It has been announced that the annual allowance will fall to 40,000 for pension input periods ending on or after 6 April If you draw your benefits due to ill health (provided this satisfies the requirements set by HMRC) or die while still building up your plan, the annual allowance will not apply in that year. Lifetime allowance The lifetime allowance applies to the value of all the pension benefits you build up from all sources* (apart from the State) over your working life. For the 2013/2014 tax year the allowance is 1.5 million. This is expected to reduce to 1.25 million from April 2014 (2012 Autumn Statement announcement), but it is proposed that you may preserve the 1.5 million limit by electing to HMRC for Fixed Protection by 5 April 2014 and ensuring no further contributions are paid after 5 April * Widow s pensions and other pensions paid following the death of someone else may be ignored. Foreign pensions may or may not be included, depending on the circumstances. You can build up benefits over the lifetime allowance, but you would have to pay a tax charge on the excess. This charge is 25% if you take these excess benefits as a pension or annuity (which would then be subject to Income Tax). It rises to 55% if you take the excess as cash. Please note that the lifetime allowance also applies to death benefits paid in lump sum form. If these benefits along with any other pensions or cash sums being paid go over the allowance, a charge of 55% will apply to the excess unless it is used to provide dependants pensions. Again, if you think your contributions or benefits may be close to either of the allowances, please consider taking financial advice about the most suitable action to take. 14 Tower Bridge International Services LP

15 State benefits The State pension is currently made up of two parts, payable from State Pension Age: The Basic State Pension a flat rate amount payable to everyone who has paid enough National Insurance contributions. To find out more about State pensions in general, you can visit the Government s website at: or speak to an adviser on The State Second Pension (S2P formerly SERPS) which provides mostly earnings-related benefits. State Pension Ages have been under ongoing review by the Government, and your own State Pension Age depends on both your sex and date of birth. You can use the State Pension Age calculator on the Government s website ( to find your State Pension Age, based on the rules currently in force. Group Personal Pension Plan & Life Assurance Plan 15

16 Security Life assurance All employees are eligible for this benefit. The Company meets the full cost. The life assurance company may apply special terms to some individuals they will let you know if this applies to you. Level of cover If you die while still working at the Company, a cash sum life assurance benefit will be payable. The amount of lump sum received is directly linked to your earnings; the exact figure can be obtained from the payroll department. Cash sum payment Following your death, the Trustees of the Life Assurance arrangement would pay the cash sum to your beneficiaries. You tell the Trustees who you would like to receive this benefit by filling in the relevant Expression of Wish form (available on request from Wendy Jones). The Trustees have the final decision over payment of the benefit (in this way, the amount does not become part of your estate and can be paid free of inheritance tax). So, the form is not legally binding but the Trustees will take account of your wishes. If you have previously completed a form, you only need to fill in a new one if you want to change the names on it. If you leave If you leave service your life assurance benefit will stop. Remember to look for cover elsewhere if you are using it for something specific (to cover your mortgage, for example). 16 Tower Bridge International Services LP

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18 Finding out more/important information About your Employer Group Personal Pension Plan Your Employer has appointed Aon Consulting Limited, part of Aon Hewitt, to advise them about arranging the Group Personal Pension. Aon Consulting Limited is being remunerated by commission from Scottish Widows. You can find details of the commission in your personal illustration. Scottish Widows is authorised and regulated by the Financial Conduct Authority. About this Guide This Guide aims to give you an accurate summary of how the benefits work. However, it cannot cover everything. If you need more information please visit the Scottish Widows microsite at towerbridge or you can call Scottish Widows on Alternatively, you can contact Aon Hewitt at: Alison Charman/Louise Creely Benefit Solutions Aon Hewitt 10 Devonshire Square EC2M 4YP Tel: or or The Scottish Widows information and policy documents will always overrule this Guide if any differences between them come to light. The Company has the right to make changes to your benefits package, including reducing or withdrawing employer contributions (where applicable), within current law. If this were to happen, you would receive full details of the changes. Taking advice If you are unsure whether any of the other benefits covered in this booklet are suitable for you, please consider seeing an independent financial adviser. In particular, the pension plan may not be appropriate for everyone as contributing to it may affect entitlement to State benefits (which may change themselves in future). Aon Consulting Limited currently provides you with information only regarding the Plan. Aon Consulting Limited can also provide individual independent financial advice to you; for more information please contact Alison Charman/Louise Creely Please note that if you take independent financial advice from Aon Consulting Limited or any other adviser, it will be at your own cost. The Financial Conduct Authority website provides information in relation to finding a financial adviser at: investments/financial-advisers/finding The Pensions Advisory Service (TPAS) TPAS is an independent non-profit organisation that provides free information, advice and guidance on all pensions, including State, company, personal and stakeholder schemes. TPAS is available to help at any time if you have questions about your own pension arrangements. TPAS 11 Belgrave Road LondonSW1V 1RB Tel: Tower Bridge International Services LP

19 Problems and complaints If you have a complaint, please contact: Aon Hewitt The Compliance Department 3 The Embankment Sovereign Street Leeds LS1 4BJ Tel: complaints@aonhewitt.com If you cannot settle your complaint with Aon Hewitt, you may be entitled to refer it to the Financial Ombudsman Service. Aon Consulting Limited and Scottish Widows are covered by The Financial Services Compensation Scheme (FSCS). You may be entitled to compensation from the FSCS if Aon Consulting Limited or Scottish Widows cannot meet their obligations. This depends on the type of business and the circumstances of the claim. Most types of investment business are covered in full up to 50,000. Insurance advising and arranging is protected for 90% of the claim with no upper limit. Your personal policy within the Group Personal Pension Plan falls into the insurance advising and arranging category for compensation entitlement purposes. For further information about compensation scheme arrangements please contact the FSCS at: 10th Floor Beaufort House 15 St Botolph Street London EC3A 7QU Tel: or Group Personal Pension Plan & Life Assurance Plan 19

20 Aon Hewitt Benefit Solutions 4 th Floor 10 Devonshire Square EC2M 4YP Tel: +44 (0) Fax: +44 (0) This Guide, which is valid until 5 April 2014 or until further changes are made by Tower Bridge International Services LP or legislation, has been approved by Aon Consulting Limited (part of Aon Hewitt), whose registered office is Briarcliff House, Kingsmead, Farnborough, Hampshire GU14 7TE. Aon Consulting Limited is authorised and regulated by the Financial Conduct Authority and its registration number, as detailed on the Financial Services Register, is You can check this by visiting systems-reporting/register or by contacting the Financial Conduct Authority on Aon Consulting Limited s former regulator, the Financial Services Authority, was replaced by the Financial Conduct Authority and the Prudential Regulation Authority on 1 April Aon Consulting Limited offers investment products from the whole market as well as offering insurance products from a range of insurers for life assurance and income protection insurance and can provide advice to individuals. Aon Consulting Limited s advice is to Tower Bridge International Services LP and therefore unless you request Aon Consulting Limited to provide you with independent advice with regard to the Plan, you will not receive any advice or a recommendation from Aon Consulting Limited. Should you wish to receive advice from Aon Consulting Limited on products other than the Plan, you would need to agree with Aon Consulting Limited the basis of its remuneration. Aon Consulting Limited will tell you how it gets paid, and the amount, before it carries out any business for you. Published by Aon Consulting Limited Registered office Briarcliff House, Kingsmead, Farnborough, Hampshire, GU14 7TE Copyright Aon Consulting Limited All rights reserved. No part of this publication may be reproduced, stored in a retrieval system, or transmitted in any way or by any means, including photocopying or recording, without the written permission of the copyright holder, application for which should be addressed to the copyright holder. Aon Consulting Limited is authorised and regulated by the Financial Conduct Authority. SB3699_GPP-SS_Tower Bridge International Services LP