If you joined BAE Systems after April 2012 you will be a member of the BAE Systems Retirement Savings Plan, a defined contribution (DC) pension scheme which is part of the Mercer Master Trust.
Scottish Widows
Scottish Widows is the administrator for the Mercer Master Trust (MMT) who manage your account from day-to-day. This includes processing your contributions, arranging investment fund switches and communicating with you on behalf of the MMT Trustees. Links to the Scottish Widows sites can be found at the bottom of this page.
If you have any queries about your MMT pension please contact Scottish Widows using the details on the Contact Us page.
You can find more information about the BAE Systems Retirement Savings Plan on the Scottish Widows website.
Mercer Money
For personalised information regarding your pension please visit Mercer Money. Once registered on Mercer Money you will be able to:
- Monitor the value of your account and make changes to your investments
- Update your Selected Retirement Age (the date you plan to retire)
- Update your nomination of beneficiaries
- See the possible impact of paying different levels of contributions, create illustrations of the savings you might build up and estimate how much you may need to live on in retirement
If you have not activated your Mercer Money account yet you can get started by downloading the Mercer Money mobile app or you can go to Mercer Money. Please refer to accessing your pension account for the first time or watch the short video ‘How to activate your Mercer Money account’ found on the Scottish Widows website.
Your contributions
You pay 4% of your basic salary and your employer pays 7%. You have the option to pay an additional 1%, 2% or 3%, which your employer will match. These are referred to as ‘Matching Contributions’. Different contribution rates apply to BAE Systems employees who joined Digital Intelligence before May 2024.
| You pay | Your employer pays | Total contribution | |||
|---|---|---|---|---|---|
| Core Contributions | 4% | 7% | 11% | ||
| 1% Matching Contribution | 5% | 8% | 13% | ||
| 2% Matching Contribution | 6% | 9% | 15% | ||
| 3% Matching Contribution | 7% | 10% | 17% | ||
To help boost your pension savings further you can also pay Additional Voluntary Contributions (AVCs). You are also able to make a direct payment into your MMT arrangement outside of your payroll should you wish. Please use the details on the Contact Us page to call the MMT who will be able to provide you with the form to start the process.
Please submit a request via the BAE Systems Employee Service Centre (ESC) portal (search ‘Changing your pension contributions in the MMT BAESRSP’). If you do not have access to the ESC portal please call 0208 068 2868 to help progress your request.
If you are a Digital Intelligence employee please visit the One Reward hub