The Scheme Facts

About the Scheme

  • The Samsung pension scheme is a Group Personal Pension provided by Scottish Widows.
  • New joiners are enrolled to contribute 3% of basic salary and Samsung will contribute 6%. If you are an SCSC employee please refer to your HR department.
  • By default, your contributions are deducted via Salary Exchange.
  • The scheme annual management charge is 0.35% for those invested in the scheme's default fund - Scottish Widows Balanced Pension Investment Approach (Targeting Flexible Access).
  • You can review and change your contribution level and how you pay your contributions on Highlights, your employee benefits website.

The scheme profile as at August 2021

94%

of employees are members of the pension scheme

73%

of members are contributing above the auto-enrolment minimum contribution levels of 3% employee and 6% employer

14.1%

Total average contribution paid into the scheme

95%

of members are contributing via Salary Exchange

£86,856,452

Total funds under management as at 26/05/2021

£60,233

The average fund value across the scheme