The Scheme Facts

About the Scheme

  • The Orange pension scheme is a Group Personal Pension provided by Scottish Widows.
  • New joiners are enrolled to contribute 4% of basic salary and Orange will contribute 6%.
  • By default, your contributions are deducted from your Net pay.
  • The scheme annual management charge is 0.50% for those invested in the scheme's default fund - Scottish Widows Balanced Pension Investment Approach (Target Flexi Access).
  • You can review and change your contribution levels and how you pay your contributions on your benefits portal here.

The scheme profile as at 28th February 2021

96%

Percentage of employees who are members of the pension scheme

73%

Members are contributing above the auto-enrolment minimum contribution levels of 4% employee and 6% employer

19.62%

Total average contribution paid into the scheme

91%

Members are contributing via salary sacrifice

£23,623,683

Total funds under management as at 03/03/2021

£144,931

The average fund value across the scheme