Bank of America
Library & tools Our complete list of tools and resources is available here.
Library & tools
Report & Accounts summary
Read the 2018 Report & Accounts summary to get a snapshot of the year in numbers and understand how the Trustee looks after your interests and benefits.

  • BoAML
  • BoA
  • Fleet
  • NationsBank
Funding Update 2019
Read more about the financial position of the Defined Benefit (DB) Section of the Plan in the 2019 Funding update.

  • BoAML
  • BoA
  • Fleet
  • NationsBank
Autumn Update 2019
Even if retirement seems a long way off, taking an interest in your Plan savings and taking a few actions now will give you many more options when you get there. Read your Autumn Update to help you on your way.    

  • BoAML Update
  • BoAML Active
  • BoAML Deferred
  • BoA Update
  • BoA Active
  • BoA Deferred
  • Fleet Update
  • Fleet Deferred
Spring Update 2019
Discover your new-look Spring Update.    

  • BoAML Update
  • BoAML Active
  • BoAML Deferred
  • BoA Update
  • BoA Active
  • BoA Deferred
  • Fleet Update
  • Fleet Deferred
Privacy Notices
Read the privacy notices to understand how the Trustee holds and processes personal data about Plan members and beneficiaries in compliance with relevant data protection legislation.

  • BoAML
  • BoA
  • Fleet
  • NationsBank
Consider life assurance through the Excepted Group Life Policy (EGLP)
Take action to protect your loved ones from an unexpected tax bill.
Download
Legal & General Buy-in – 2018
Find out more about the Legal & General ‘buy-in’ exercise that took place in early 2018 for the BoA and NationsBank Plan members.

  • BoA
  • NationsBank
  • Fleet
MND election – spring 2018
Take your chance to get involved by reading about the BoA, Fleet and NationsBank Plan Member Nominated Director (MND) election process and completing the form.

  • MND election information
  • MND election form
Pensions and tax
Find out more about the Government’s latest UK tax-efficient savings limits.
More about the Lifetime Allowance
Brexit: what it may mean for your pension
The United Kingdom’s vote to leave the European Union has already impacted financial markets. To help you better understand the impact on your DC pension, read our Brexit summary.
Guidance guarantee - Pension Wise
The Government has unveiled more detail around its new pension guidance service — Pension Wise — which will provide free and impartial guidance to individuals in defined contribution (DC) plans on how they can access their savings from age 55. The guidance will be provided over-the-phone by The Pensions Advisory Service and in person by the Citizens Advice Bureau.
Find out more on the Pension Wise website.
Our complete list of tools and resources is available here.

News & updates

Report & Accounts summary
Read the 2018 Report & Accounts summary to get a snapshot of the year in numbers and understand how the Trustee looks after your interests and benefits.

  • BoAML
  • BoA
  • Fleet
  • NationsBank
Funding Update 2019
Read more about the financial position of the Defined Benefit (DB) Section of the Plan in the 2019 Funding update.

  • BoAML
  • BoA
  • Fleet
  • NationsBank
Autumn Update 2019
Even if retirement seems a long way off, taking an interest in your Plan savings and taking a few actions now will give you many more options when you get there. Read your Autumn Update to help you on your way.    

  • BoAML Update
  • BoAML Active
  • BoAML Deferred
  • BoA Update
  • BoA Active
  • BoA Deferred
  • Fleet Update
  • Fleet Deferred
Spring Update 2019
Discover your new-look Spring Update.    

  • BoAML Update
  • BoAML Active
  • BoAML Deferred
  • BoA Update
  • BoA Active
  • BoA Deferred
  • Fleet Update
  • Fleet Deferred
Privacy Notices
Read the privacy notices to understand how the Trustee holds and processes personal data about Plan members and beneficiaries in compliance with relevant data protection legislation.

  • BoAML
  • BoA
  • Fleet
  • NationsBank
Consider life assurance through the Excepted Group Life Policy (EGLP)
Take action to protect your loved ones from an unexpected tax bill.
Download
Legal & General Buy-in – 2018
Find out more about the Legal & General ‘buy-in’ exercise that took place in early 2018 for the BoA and NationsBank Plan members.

  • BoA
  • NationsBank
  • Fleet
MND election – spring 2018
Take your chance to get involved by reading about the BoA, Fleet and NationsBank Plan Member Nominated Director (MND) election process and completing the form.

  • MND election information
  • MND election form
Pensions and tax
Find out more about the Government’s latest UK tax-efficient savings limits.
More about the Lifetime Allowance
Brexit: what it may mean for your pension
The United Kingdom’s vote to leave the European Union has already impacted financial markets. To help you better understand the impact on your DC pension, read our Brexit summary.
Guidance guarantee - Pension Wise
The Government has unveiled more detail around its new pension guidance service — Pension Wise — which will provide free and impartial guidance to individuals in defined contribution (DC) plans on how they can access their savings from age 55. The guidance will be provided over-the-phone by The Pensions Advisory Service and in person by the Citizens Advice Bureau.
Find out more on the Pension Wise website.

Plan information

To get the most out of the interactivity in the guides below, open them in Internet Explorer.


Plan essentials

New Joiner guide
If you are a new member of the Bank of America Merrill Lynch UK Pension Plan, read the New Joiner guide to find out how you can get the most out of the Plan.

  • Bank of America Merrill Lynch
Plan Handbook
For a reminder of how the Plans work, full details of your options and a reminder of the 3-step plan to getting the most from your savings.

  • BoAML Plan
  • BoA Plan
  • NationsBank Plan
  • Fleet Plan
  • Intern Plan Handbook
3-Step Plan
Find out how to make the most of the Plan's flexible saving options with this simple framework.

  • BoAML Plan
  • BoA Plan
BoAML Plan Top 10
Take control of your Member Account by following the 10 things you need to know and do in the Plan.
Download
BoAML Plan FAQs
Find the answers to your questions about the BoAML Plan.
Download
Manage your savings
See the latest value of your savings or make a change to your Account on Orbit, the Plan administration website:
  • BoAML and BoA Plan members use SSO or go to Orbit
BoA Contracting Out Leaflet
If you are a member of the Bank of America UK Pension Plan, you will have been contracted out of the State Second Pension. To find out more please read the BoA Contracting Out Leaflet.

Investment information

Lifestyle Guide
Explore the Lifestyle investment options available in the Plan.

  • BoAML Plan
  • BoA Plan
Freestyle summary
Explore the Freestyle investment funds available in the Plan.
Download
Fund factsheets
Find out more about the investment funds avalaible to you including the fund managers and charges.

  • BoAML Plan
  • Lifestyle - summary
  • Freestyle - summary
  • Access Fidelity website
  • BoA
  • Access Fidelity website
Statement of Investment Principles
Find out more about the investment objectives of the Plans and the strategy set to meet them.

  • BoAML
  • BoA
  • Fleet
  • NationsBank Plan

Financial and funding information

Report & Accounts
Find out about the Plan's finances over the year to 31 December 2018.

  • BoAML Plan
  • BoA Plan
  • Fleet Plan
  • NationsBank Plan
Formal Actuarial Valuation
Read more information on the latest funding position of the Plan.

  • BoAML Plan
  • BoA Plan
  • Fleet Plan
  • NationsBank Plan
Annual Actuarial Report
Find out more about the results of the latest annual funding review.

  • BoAML Plan
  • BoA Plan
  • Fleet Plan
  • NationsBank Plan
Statement of Funding Principles
Learn about how the Trustee invests Plan funds, including the assets of the Plan.

  • BoAML Plan
  • BoA Plan
  • Fleet Plan
  • NationsBank Plan
Schedule of Contributions
See how much money is being paid into the Plan, together with the Plan Actuary's certificate which confirms that the Schedule meets current requirements.

  • BoAML Plan
  • BoA Plan
  • Fleet Plan
  • NationsBank Plan

Forms

Expression of Wish form
Please complete this form to notify the Trustee how you would like your death benefits paid in the event of your death.

  • BoAML UK Pension Plan
  • Excepted Group Life Policy
Transfer-in form
Fill out a Transfer-in form if you wish to transfer in savings from a previous employer or personal pension scheme.

  • BoAML Plan
  • BoA Plan

Tools

Set a target

Budget Planner
Use this planner on the Money Advice Service website to help you see how much you may need in retirement by looking at your current budget.
Benefit statement
See the value of your savings in your latest benefit statement.
View your benefit statement

Save as much as you can afford

Retirement modeller tool
Use the Retirement modeller tool on Orbit, the plan administration website, to see how much you are expected to get from your Account in the Plan when you retire.
Use the Retirement modeller tool
Find out your likely retirement income
Use this tool on the Money Advice Service to estimate your overall retirement income, including your State Pension and any other savings you may have.
Contributions (employee members only)
You can make changes to your contributions anytime during the year on the MyBenefitChoices website here (from the bank’s network). If you’re an MBNA employee, you can change your contributions here (from inside your employer’s network).

Find out more about investing

Investment profiler
Find out what sort of investor you are and consider which investment option may be right for you based on your answers to eight short questions.

  • BoAML Plan
  • BoA Plan

Retirement planning

Retirement options decision tree
If you are within 15 years of taking your savings, consider your retirement options – try the retirement options decision tree.
Cash
Retirement options Factsheet: Cash
Find out more about using cash.


  • BoAML Plan
  • BoA Plan
Annuity
Retirement options Factsheet: Annuity
Find out more about annuities.

  • BoAML Plan
  • BoA Plan
Cash
Retirement options Factsheet: Income drawdown
Find out more about using income drawdown.

  • BoAML Plan
  • BoA Plan

Other retirement information

Research your options
If you are planning to access your savings soon, you may find the TOMAS resources and support helpful. Go to the annuity quick quote tool for just that.
Tracing service
Trace any lost pensions on the Pension tracing website.
General assistance with every aspect of retirement
Laterlife.com
AgeUK
Government website
Money Advice Service
Visit the Money Advice Service to find out more about general financial planning and how to find a financial adviser.
Beware of pension scams!
Pension scams are on the rise and it is important you are able to spot one. Scammers are attempting to lure pension scheme members like you with the promise of one-off investments, pension loans or upfront cash in exchange for your pension. Don’t get stung by pension scams!
Pension Wise
Pension Wise is the Governement's pension guidance service.
Pensions tax
Find out more about tax on your pensions on the HMRC website.

Chair's Statement

Plan praise

BoAML UK Pension Plan wins best approach to governance award 2016
The Bank of America Merrill Lynch UK Pension Plan won the 'Best approach to governance' award at the Pensions Insight DC Awards 2016 for its first-rate standards of governance. The Pensions Insight DC Awards recognise excellence in developing and delivering DC products and services.
Finalist at the Employee Benefits Awards 2016
The Bank of America Merrill Lynch UK Pension Plan was a finalist for the Best Pensions Communications Award at the Employee Benefits Awards 2016. This year, the Plan was recognised for the communication of pension tax changes, ensuring informed decision making.
Finalist at the Pensions Age Awards 2016
The Bank of America Merrill Lynch UK Pension Plan was a finalist for the DC Pension Scheme of the Year and Best Investment Strategy Award at the Pensions Age Awards 2016. The Pensions Age Awards recognise pension schemes and pension providers across the UK for their outstanding contributions to the pensions industry.
Finalist at the Pensions Insight DC Awards 2015
The Bank of America Merrill Lynch UK Pension Plan was a finalist for the Special Award for DC Excellence at the Pensions Insight DC Awards 2015.
BoAML UK Pension Plan wins best investment strategy award 2015
The Bank of America Merrill Lynch UK Pension Plan was awarded the ‘Best DC investment strategy’ at the Professional Pensions ‘Pension Scheme of the Year Awards 2015’. Click here to read more.

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