BAE Systems pensions

On 1 January 2024, Aptia UK Limited (Aptia) purchased Mercer's UK pension administration business. As a result of this change, your pension benefits are now being administered by Aptia. If you are a member of a BAE Systems UK Defined Benefit pension scheme you will start to receive communications referring to Aptia. 

It is important that the Trustees of the BAE Systems pension schemes perform regular tracing activities, this is to verify the continued existence of our members and also to ensure up to date address details are held. Target work alongside the Pensions Administrator to carry out tracing activities for all members.

This update follows on from the article dated 15 November 2023 and subsequent letters issued to all Defined Benefit UK pension schemes pensioner members. We understand that a number of pensioners have been issued with a new tax code since the automatic connection between the pension schemes administrator, Mercer, and HMRC was re-opened earlier this month. If on receiving your BAE Systems pension at the end of November or early December you have a query about the tax code HMRC has applied, the next three paragraphs of this update outline the action you should take, explain why and point you to the guide we have prepared to help you if you need to contact HMRC.