The Scheme Facts

About the Scheme

  • The Biogen UK pension scheme is a Group Personal Pension provided by Aviva.
  • New joiners are enrolled to contribute 2% of basic salary and Biogen UK will contribute 7%.
  • By default, your contributions are deducted via Salary sacrifice.
  • The scheme annual management charge is 0.32% for those invested in the scheme's default fund - Aviva My Future Focus Target Drawdown Lifestage Approach.
  • You can review and change your contribution level and how you pay your contributions on the Your Total Rewards portal here.

The scheme profile as at March 2022

96%

Percentage of employees who are members of the pension scheme

89%

Members are contributing above the auto-enrolment minimum contribution levels of 2% employee and 7% employer

17%

Total average contribution paid into the scheme

99%

Members are contributing via salary sacrifice

£33,098,456

Total funds under management as at 23/03/2022

£95,660

The average fund value across the scheme