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Welcome to the NCR Atleos Master Trust
A new home for your workplace pension savings.
Important information - The performance of your pension savings plan is not guaranteed, and the value of your investments can go down as well as up, so you may get back less than you invest. Should your plan have particular tax features, these will depend on your personal circumstances and all pension and tax rules may change in the future.
This website does not contain any personal recommendations for a particular course of action, service or product. If you are unsure of the right approach for you personally, you should speak to an authorised financial adviser. The minimum age you can normally access your pension savings is currently 55, and is due to rise to 57 on 6 April 2028.
You should regularly review your retirement objectives and choices and, if you are unsure whether the investments in your plan are suitable for you, you should contact an authorised financial adviser.
Below are some questions and answers that were previously featured on the consultation website in relation to the move to the NCR Atleos Master Trust (the ‘new Plan’). Not all of the below will be relevant for former employees with NCR DC Pension Plan (the ‘old Plan’) savings. If you have any further questions please contact Fidelity’s Workplace Investing Service Centre on 0800 3 68 68 68 (open Monday to Friday, 8am - 6pm) or by email at pensions.service@fil.com.
What is the role of the Trustee of the NCR DC Pension Plan?
The decision to move to the NCR Atleos Master Trust is one for the new Companies (NCR Atleos and NCR Voyix) alone to make, the Trustee therefore does not have a formal role in that decision.
However, as the new Companies wish to transfer member benefits built up in the NCR DC Pension Plan to the NCR Atleos Master Trust (which the Trustee would need to implement), the Company asked the Trustees to confirm they have no concerns with the proposal in principle. The Trustees have given the Company this confirmation in respect of the transfer with Fidelity.
What is the role of the Pensions Regulator?
The Pensions Regulator has issued guidance to employers regarding pensions consultations, and the Company has reflected the guidance during the consultation. The Pensions Regulator believes that it is important to allow employees to provide their views on proposed changes to pension schemes before any final decisions are made as to whether or not to implement these changes.
The Pensions Regulator will investigate reports of cases where it believes that the Company and/or Trustee behaviours give cause for concern. The Pensions Regulator can be contacted at:
Napier House,
Trafalgar Place,
Brighton
BN1 4DW.
Has any comparison been made between the investment options between the old and new Plan?
Yes. Investment was one element of the due diligence undertaken in relation to the Fidelity Master Trust. The new Companies also considered the stability of Fidelity and its long-term commitment to the Master Trust market; costs and charges; quality of administration; governance; communications and the processes surrounding taking benefits.
Past investment performance was one of the investment factors considered (noting a number of funds from both NCR DC Pension Plan and the Fidelity Master Trust are passive/index funds) and the main focus was on the default investment.
Other investment issues considered were the range of other funds available; environmental, social and governance aspects, including climate change; and importantly the terms on which members’ pension savings built up in the current Plan will be transferred to the NCR Atleos Master Trust.
There will be an opportunity for members to select funds before their first contributions are paid, should they not want contributions invested automatically in the new default investment. PlanViewer will contain full details for each of the NCR Atleos Master Trust self-select funds available.
Can other pension benefits be transferred to the NCR Atleos Master Trust and will there be charges to do this?
It will be possible to transfer other pension savings NCR Atleos Master Trust. There are no specific charges made by Fidelity for investing a transfer value from another pension arrangement. Whether there are any charges for making the transfer from the transferring arrangement will depend on the terms of that arrangement. If you are interested in making a transfer, you should ask the provider of the relevant arrangement about any charges that may apply and consider obtaining independent financial advice.
I am over age 55. Can I take my pension from NCR but then start a new one in the new Plan?
The intention is to transfer members’ pension savings in the current Plan to the NCR Atleos Master Trust. However, the NCR Atleos Master Trust would offer the flexibility to take partial benefits and remain active in the Plan.
It is also possible for you to transfer your NCR DC Pension Plan savings to another pension scheme (other than the new Plan), or indeed take the benefits you have accrued with the current Plan prior to these being transferred to the NCR Atleos Master Trust, if you are aged over 55.
However, taking your benefits could affect the amount that can be paid by you and the Company into the new Plan. It is strongly recommended that you take the advice of an independent financial adviser if you wish to consider any of these options.
Are there any costs associated with transferring to the NCR Atleos Master Trust and, if so, how will these costs be met?
No, members would not be charged to on introduction of the new Plan.
It is intended that your pension savings in the current Plan will be transferred to the NCR Atleos Master Trust, there would be no explicit reduction in your NCR DC Pension Plan fund values to achieve this.
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This information is not a personal recommendation for any particular investment, you are responsible for deciding whether an investment is suitable for you. In doing so, please remember that past performance is not a guide to future performance, the performance of funds is not guaranteed and the value of your investments can go down as well as up, so you may get back less than you invest. When investments have particular tax features, these will depend on your personal circumstances and tax rules may change in the future. You should regularly review your investment objectives and choices and if you are unsure whether an investment is suitable for you, you should contact an authorised financial adviser.
This website is issued by FIL Life Insurance Limited. Authorised by the Prudential Regulation Authority and regulated by the Financial Conduct Authority and the Prudential Regulation Authority. Registered in England and Wales No. 3406905, Beech Gate, Millfield Lane, Lower Kingswood, Tadworth, Surrey, KT20 6RP. Fidelity, Fidelity International, the Fidelity International logo and the F symbol are trademarks of FIL Limited.
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