Defined Benefit Pension Transfer

Allied Domecq Pension Fund

Do you have an old Allied Domecq Pension Fund you are thinking about transferring into a more flexible arrangement?

Below is a general overview of what the scheme benefits are, these might vary from member to member, depending on what category you belonged to.

If you would like to find out if transferring your pension is suitable for you, why not get started today and receive your free Pension Transfer Guide and arrange a free initial consultation.

Allied Domecq Pension Fund


The information we provide here is our understanding of the pension scheme and may not be the latest, there may also be some detail missing. It is provided in good faith as an overview of the details we hold. There has not been any endorsement or otherwise of these details by the pension scheme, their sponsoring employer or scheme administrators.

This is a partial summary of the complex benefits provided through potentially many schemes, where retirement options can be very different within the same scheme or the same individual sections of those schemes.

If you are either a current or deferred member of the pension scheme and wish specific information about your personal benefits, the scheme administrator will need to be contacted.


Administrator: Allied Domecq Pensions – Barnett Waddingham.


Scheme Retirement Age:

Normal Retirement Age is 60 or 65 depending on the section of the Fund the member is in. (Exec members have a NRA of 60).

Are partial transfers allowed?

The fund will only allow a partial transfer of the member’s defined benefit cash equivalent transfer value if the member has reached GMP age and is transferring to a non-contracted out salary-related arrangement where the whole excess of GMP benefits can be transferred.

Also, you maybe able to transfer any DB funds separately from DC funds and if you wish to investigate this, please contact the scheme for more information.

Scheme Funding Position:



Revaluation on non-GMP benefits is in line with inflation (Stat) up to 5% pa (with a minimum of 3% pa).
GMP revalues at a fixed rate.


Pre 88 GMP does not increase in payment; Post 88 GMP increases at a fixed 3% pa; Pre 97 excess and Post 97 pension increase in line with inflation (RPI) to a maximum of 5% pa (with a minimum of 3% pa).

Flexible Options

Member can elect any tax-free cash amount up to the maximum figure quoted.

Death in Deferment

50% of the member’s pension revalued to date of death.

A lump sum is payable if NO spouse pension is payable. A refund of pension contributions with interest (currently 5%) would be payable. In addition, if the member dies after age 55, a lump sum of 5 times the member’s pension revalued to date of death is payable.

Executive members of the scheme have a higher spouse pension payable of (57.5% or 66.67%).

Death in Retirement

A pension will be paid to your surviving partner of 50% of your pension benefits at your date of death including any pension you may have exchanged should you take the tax-free cash at retirement. If your surviving partner is significantly younger than you, the amount of their maybe reduced. Entitlements for civil partners are different and information is available from the scheme upon request.

If you die within 5 years of your retirement date the Trustees will pay a cash sum equal to the remaining unpaid instalments.

The fund rules also provide for a lump sum of £1,590 to be paid to provide help with funeral expenses.

Executive members of the scheme have a higher spouse pension payable of (57.5% or 66.67%).

Transfer Timescales

The timescales below are based on the entire transfer process from the initial enquiry, through to advice, and eventual completion of the transfer, in months.

This information is based on our own scheme specific real-world data gathered over an 18 month period. To be clear and ensure there is no risk this information can be deemed misleading, it is our own data for the entire process, which includes our own very thorough and complex regulatory analysis and advice process, in addition to the gathering and provision of accurate information from the scheme administrators and their subsequent completion of any pension fund transfer requests. Future timescales could vary.

Fastest: 9.5

Slowest: 11.1

Average: 10.5

Need Allied Domecq Pension Transfer Advice?

If you are a member of the Allied Domecq Pension Fund and would like to know if transferring or cashing in your pension at 55+ is suitable for you, why not get started today and receive your free Pension Transfer Guide and arrange a free consultation.

Grove Pension Solutions Ltd is regulated by the Financial Conduct Authority and specialise solely in defined benefit pension transfer.

Pension Transfer Consultation

Get Started Today

Free Pension Transfer Guide & Consultation
If you would like to find out if transferring your pension or taking a cash lump sum is suitable for you, we can provide a free initial Pension Transfer Consultation known as abridged advice.

Simply complete your details below, and we will send you our Pension Transfer Consultation Pack and Enquiry Form.

As part of the consultation we will look at:

  • What existing pension plans you have in place.
  • What your plans are for retirement.
  • Your needs for flexibility and control.
  • The likely cost of more in-depth advice.

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Defined Benefit Pension Transfer Warning

Transferring away from a defined benefit pension scheme means you will lose valuable guarantees.

Taking benefits early will almost certainly reduce your pension income in retirement and is only suitable for a limited number of people and circumstances. This should not be seen as an easy option for raising cash.

If you release all your money from your pension early you will not have anything left to provide you with income in retirement.

When releasing cash from your pension, usually up to 25% is tax free, the balance is taxed at your marginal rate at the time and could change in the future.

Watch the FCA video explaining the expectations of financial advisers when advising you on defined benefit pension transfers.

Grove Pension Solutions Ltd is authorised and regulated by the Financial Conduct Authority (Reference number 465051).

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