The DHL businesses have changed over the years and historically there were several DHL UK pension plans.
The most significant change was in 2009, when the historical pension plans were merged into the largest scheme at the time – the Exel Retirement Plan – which was then renamed the DHL Group Retirement Plan. The main reason behind this merger was to ensure that all UK DHL pension plans were managed under one single trust.
Importantly at that time, the historic plans that were defined benefit arrangements were able to keep their assets and liabilities separately identifiable on becoming different sections of the DHL Group Retirement Plan.
The sections are as follows: Exel, Ocean, Tibbett & Britten, AEI, Express and Global Forwarding.
In 2020 the NHS Section was merged into the Exel Section.
There are now six Defined Benefit (DB) Sections and one Defined Contribution (DC) Section in the Plan.