The Scheme Facts

About the Scheme

  • The Tenerity pension scheme is a Group Personal Pension provided by Aviva.
  • New joiners are enrolled to contribute 2% of basic salary and Terenity will contribute 7%.
  • By default, your contributions are deducted via Salary sacrifice.
  • The scheme annual management charge is 0.45% for those invested in the scheme's default fund - Aviva Mixed Investment 40-85% Shares Drawdown Lifestyle Approach.
  • You can review and change your contribution level and how you pay your contributions on your benefits portal here.

The scheme profile as at 31 August 2021

87%

Percentage of employees who are members of the pension scheme

54%

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

12.07%

Total average contribution paid into the scheme

100%

Members are contributing via salary sacrifice

£11,493,515

Total funds under management as at 31/08/2021

£38,058

The average fund value across the scheme