House of Fraser – Important Information for Pension Scheme Members

House of Fraser Pension News

It has been a very tough few years for House of Fraser pension members. In 2018, the Pension Protection Fund announced it deemed the company fit to run its two defined benefit schemes, however there has been no encouraging news since for its members.

The House of Fraser Beatties & Jenners Pension Scheme, also termed BJRB Section, and the House of Fraser Section are both subject to assessment, with £800 million of pension savers funds estimated to be held across the scheme sections. If you are one of the 10,000 pension scheme members awaiting news, make sure you have updated the scheme trustees with your latest contact details.

If you started working for House of FraserBeatties or Jenners before 2010 and were a member of the staff pension scheme, your pension benefits may be part of the sections affected. Pension trustees are attempting to contact all members, but if you’ve moved home and not yet updated your details, now is the time to act.

If you worked for one of the companies listed below, which were acquired by House of Fraser, and contributed to the company pension scheme, your benefits may now be a part of House of Fraser pensions.

  • Army & Navy Stores
  • Arnotts
  • Barkers of Kensington
  • Binns
  • D H Evans
  • Dickins & Jones
  • Howells
  • Rackhams 
  • Schofields

Who to contact about your House of Fraser pension benefits

As these pension benefits are now under the Pension Protection Fund’s assessment period, you no longer have the option to change your plan or transfer your pension.

Your pension income benefits, and the way the plan works (i.e. inflation measures and death benefits) may have changed under PPF rules. Ensure you get in touch with the team at HoF pensions to understand your pension.

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