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Simply meeting people’s financial needs
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TUTMAN B&CE Contracted-out Pension

Did you know?

  • Launched in 1988
  • It’s free to transfer out to another pension
  • The experience gained here helped us create The People’s Pension

A pension scheme we provided from 1988

A pension scheme contracted out of the State Earnings Related Pension Scheme (SERPS) and later the State Second Pension (S2P).

We launched the TUTMAN B&CE Contracted-out Pension in 1988, specifically for the construction industry. Basically it allowed employed construction workers to get some of their employer’s and their own National Insurance tax payments contributed into their pension instead.

What if you still have one?

Your savings are still invested and accessible – you just might need to transfer them to another pension scheme or provider to get them – such as The People’s Pension.

Nowadays there are more ways to take your pension savings than ever, so you’ll be able to find a way that suits your needs.

Comparison of B&CE pension features .pdf