Useful information

Factsheets

For a quick summary of the main features of Pace DC look at the Bank Pace DC factsheet, or for more information on how your contributions are paid (NICE Pensions) or paying Additional Voluntary Contributions (AVCs) look at the others below.

Pace DC factsheet PDF - 627 KB

AVC factsheet PDF - 610 KB

Tax relief factsheet PDF - 212 KB

Internal Dispute Resolution Procedure PDF - 404 KB

Salary sacrifice factsheet PDF - 286 KB

New employee factsheet PDF - 283 KB

Guides

These guides explain the main benefits of membership of Pace.

Pace DC pension guide PDF - 4 MB

Pace DC fund guide - April 2021 PDF - 2 MB

Pace DC retirement guide

Budgeting for retirement ready-reckoner PDF - 25 KB

Retirement checklist PDF - 24 KB

Investment factsheets

These factsheets provide more detail on each of the different investment options in Pace DC.

Target: Lump Sum Option factsheet PDF - 98 KB

Target: Secure Income Option factsheet PDF - 89 KB

Target: Flexible Income Option factsheet PDF - 90 KB

Target: Lump Sum Option (Legacy) factsheet PDF - 199 KB

Target: Secure Income Option (Legacy) factsheet PDF - 227 KB

Target: Flexible Income Option (Legacy) factsheet PDF - 219 KB

Pace Growth (Shares) 2021 Fund

Pace Growth (Ethical Shares) Fund

Pace Growth (Mixed) Fund

Pace Pre-retirement (Inflation-linked) Fund

Pace Pre-retirement Fund

Pace Cash Fund

Pace Growth (Shares) Fund

Forms

The Join Pace DC form, Change Contribution Rate form, Start AVCs form, Change AVCs form and Leave Pace DC form are all editable documents and can currently be downloaded, completed digitally and emailed to hrsupport@co-operativebank.co.uk. They can also be printed, completed and posted to Co-operative Bank People Team, 5th Floor, 1 Balloon Street, Manchester, M60 4EP

The Pace Nomination form can only be submitted as a signed paper copy, posted as instructed on the form.

Pace Nomination form PDF - 47 KB

Join Pace DC form PDF - 491 KB

Change Contribution Rate form PDF - 504 KB

Start AVCs form PDF - 493 KB

Change AVCs form PDF - 488 KB

Leave Pace DC form PDF - 481 KB

Online tools

L&G have developed a DC pension modeller to help you understand your pension benefits in Pace.

L&G website

DC governance

In November 2013, the Pensions Regulator published its Code of Practice no. 13 and related regulatory guidance for defined contribution (DC) pension schemes. The Code of Practice introduced new principles and features that it expects to be present in all well-governed DC occupational pension schemes. In response, the Trustee has produced this statement to demonstrate Pace DC’s level of adherence to these new quality standards.

DC Section - Trustee Governance Statement 2020 PDF - 3 MB

Statement of Investment Principles (SIP) PDF - 285 KB

L&G Transaction Costs 2020 PDF - 65 KB

L&G Illustration 2020 PDF - 112 KB

Royal London Transaction Costs 2020 PDF - 184 KB

Aviva Transaction Costs 2020 PDF - 2 MB

Prudential Fund Guide PDF - 427 KB

Prudential Transaction Costs 2020 PDF - 23 KB

Utmost Costs and Charges Illustration 2020 XLSX - 12 KB

Utmost Transaction Costs 2020 PDF - 207 KB

Updates for members

Every year we produce an update for Pace DC members that highlights some of the important things you need to think about as a Pace DC member. If you have any problems viewing the interactive version you can also download it as a regular PDF.