Your Pension - Your Future
New to the Scheme?
We understand that making plans for your long-term financial future may seem daunting. But no matter how far away retirement may seem, it’s never too early to start planning.
As a new employee, you will automatically join ZCashBuilder. Your first contributions from Zurich will be paid once you have completed two calendar months with the company. You will also receive an invitation to a Pension Power Up! webinar, which will explain more about the scheme and how it works.
ZCashBuilder is a defined contribution (DC) - or money purchase - arrangement.
As a ZCashBuilder member, you decide where to invest your pension contributions from a range of carefully chosen funds selected by the Trustee.
You’ll build up savings in your own personal account the value of that account will largely depend on how much you and Zurich have paid in and the performance of the funds you invested in.
- Zurich pays 12% of your pensionable pay into your pension pot
- You can contribute too (but you don’t have to)
- Contributions are invested to help build up your pension savings
- You decide where the contributions are invested
- Your dependants may be eligible for benefits if you die while you are an employee
When you ‘nominate’ someone, you let the Trustee know you’d like them to receive any benefits payable on your death.
Log in to or register for an online account to complete or update your Nominations.
If you don’t want to be in the ZCashBuilder section, you need to complete an opt-out notice. Simply email zpenteam@uk.zurich.com, or write to:
Zurich Pensions
Team
Railpen
PO Box 377
Darlington
County Durham
DL3 6XY
If you opt out, you will not be covered for dependents’ benefits if you die, although you will still be covered for the lump sum life assurance benefit
of 4 times the pensionable salary.
You can find out more about opting out in your Member Guide.
None of the information given on this website can give you legal rights or benefits that differ from those provided in the Trust Deed and Rules. In the case of uncertainty or conflict between the content on this website and the Trust Deed and Rules, the Trust Deed and Rules (as amended from time to time) will prevail.
You should consider taking independent financial advice on your options in relation to your benefits under the Scheme. Neither the Scheme Trustee (Zurich Financial Services UK Pension Trustee Limited) nor any member of the Zurich Group (i.e. Zurich Insurance Group Ltd - registered in Switzerland with number CH-020.3.023.089-6 and its direct and indirect subsidiaries) are able to provide you with financial advice or accept any liability for any decision you make with regards to your retirement options.