Pensions

Employees of Kingfisher plc and it's participating UK employers (the Company), have the opportunity to join the Kingfisher Pension Scheme – Money Purchase section (the Scheme) from their 16th birthday with no upper age limit. The Scheme is a competitive workplace pension scheme with an aim to help employees and members save towards a lifestyle they would like at retirement. The Scheme offers very attractive contribution rates made by the Company, with a maximum 14% matching Company contribution available. Members also have the opportunity to pay their contributions via SMART (a salary sacrifice arrangement), aiming to save both the employee and Company on National Insurance. A variety of investment funds are available to choose from with competitive Annual Management Charges. By joining the Scheme all active members will have a death in service cover of 4 x Salary.

The Scheme has been awarded the National Association of Pension Funds’ Pensions Quality Mark Plus. This was first granted in 2012, and has been granted each year since. The Pensions Lifetime Savings Association (PLSA, formerly known as the NAPF) is the leading body for the pensions industry and this award shows that the Scheme is a good quality defined contribution pension arrangement. The Scheme has also won a number of awards, most recently the Pension Age Awards 2016’s DC Pension Scheme of the Year and 3 awards at DC Pension Awards 2015, including Trust Based Scheme of the Year and Special Award for DC Excellence. Further and full information on the Scheme and its benefits can be found on the dedicated Kingfisher Pension Scheme website at www.kingfisherpensions.com.