2008 or 2017 Section FAQs

Am I in the 2008 or 2017 Section?
2008 Section

If you work for any of the companies below, then you are in the 2008 section.

AXA XL
AXA Liabilities Managers
AXA Investment Managers
AXA Ireland
AXA Health Services (ICAS)
AXA Health Online
The Permanent Health Company
PPP Taking Care

If you work for any of the companies below and joined AXA before 1 September 2017, and have not chosen to switch to the 2017 Section, you are in the 2008 section.

AXA UK
AXA Insurance
AXA PPP Healthcare
AXA Global Healthcare
AXA Technology Services
Architas
AXA Group Solutions
AXA Africa Speciality Risks Services

2017 Section


If you work for any of the companies below and joined AXA after 1 September 2017, or if you have chosen to switch to the 2017 Section, you are in the 2017 section.

AXA UK
AXA Insurance
AXA PPP Healthcare
AXA Global Healthcare
AXA Technology Services
Architas
AXA Group Solutions
AXA Africa Speciality Risks Services

What are the main differences between the 2008 and 2017 sections?

The table below outlines the differences between the two sections.

 

 

 

2008 Section

2017 Section

Contributions

Based upon your Age and service. More generous at older ages

AXA matches your contribution plus 3%, up to a limit.

Life cover

10 x salary

10 x salary

Total incapacity benefits

1.25% of final pensionable salary for each year of prospective service to age 65

Not applicable

Incapacity benefits

The value of your pension pot is used to provide immediate retirement benefits

The value of your pension pot is used to provide immediate retirement benefits

 

Can I switch between the Sections?

If you are part of the 2008 section, then you have the option to switch to the 2017 section. However, once you have switched to the 2017 section, or if you are already part of the 2017 section, you do not have the option to re-join or join the 2008 section.

If you are in the 2008 section and you’re interested in switching to the 2017 section, please contact the AXA Pensions Team.

Where can I get more information about the 2008 Section and the 2017 Section?

The best place to get full information about the Scheme is the member guides. Please click here for the 2008 DC section guide and here for the 2017 DC section guide.

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