You’re allowed to exchange part of your pension for a lump sum payment – under current regulations this lump sum would be tax-free. The maximum you’re allowed to exchange is normally 25% of the total value of your pension.
You may be able to transfer some or all of any DC savings held in the DuPont UK Fidelity DC Pension Plan back to the Fund to use for the tax-free lump sum. This will reduce the amount of DB Section pension you need to exchange for the lump sum. Barnett Waddingham can provide more information on this option.