The Scheme Facts

About the Scheme

  • The Biogen Idec pension scheme is a Group Personal Pension provided by Aviva.
  • The scheme annual management charge reduced to 0.32% effective January 2021.
  • Annual statements are issued every in September, telling you how much your fund is worth, where you are invested and how much you have contributed.
  • New joiners are enrolled to contribute 2% of basic salary and Biogen will contribute 7%.
  • By default, your contributions are deducted via Salary sacrifice.
  • You can review and change your contribution level on your benefits portal here.

The scheme profile as at 30th October 2020

£26,719,359

Total funds under management as at 03/09/2020

95%

Percentage of employees who are members of the pension scheme

44

New members in the scheme during the last 12 months

309

Total number of members in the scheme

17.20%

Total average contribution

£81,961

The average fund value across the scheme