Please note, The Retirement Account is closed to new customers.
A flexible personal pension plan that can be adapted to suit your changing needs. Whether you’re working, close to retirement or already retired. The Retirement Account is simple, low-cost and lets you bring all your pension pots together under one simple plan. As you enter retirement, you can choose to take a guaranteed income, pension drawdown or a combination of both.
All the documents you need in one place. From forms and customer guides to product brochures and key features.
We’ll send you a yearly statement to show you how your pension is performing.
By reviewing your plan regularly, you can make sure that it meets your changing needs. Your financial adviser can help you with this.
The Retirement Account
Use our customer portal to gain an overview of your overall wealth valuations, fund allocation and rebalance strategy.
When you reach 55, you can take your money as:
A flexible retirement income, taken directly from your pension
UFPLS for full encashment of Pension Savings. Regular partial UFPLS can be achieved by ACPS (Automated Crystallisation of Pension Savings)A number of lump sums
A tax-free lump sum (if an option)
A guaranteed income for life (annuity)
A combination of all of the above
From 6 April 2028, the normal minimum pension age (NMPA) will increase from 55 to 57. This means that from this date, you will need to be aged 57 or older before you can start taking money from your pension.
Our Fund Research Centre gives detailed information on all the funds available in The Retirement Account. Here, you can:
Evaluate past performance
Access fund factsheets
See daily unit prices
Yes, you can cancel your policy up to 30 days after you receive your Schedule of Benefits document.
If you do decide to cancel your policy, you’ll need to return any money you’ve received, including any tax-free cash payments.
As part of our service, you can access the Retirement Account customer dashboard. The dashboard gives you the ability to view your account valuation, fund choices, payments in and out and important documents, relating to your account.
To gain access to the customer dashboard be sure to provide us with your email address at point of application.