The Retirement Account

A flexible pension for your changing needs

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.

How it works

Is The Retirement Account right for you?

Bring all your pension pots together under one plan

Choose from a wide range of investment funds

Enjoy a regular income or lump sums from the age of 55

Option to provide for your family when you die

What are the risks?

Your investment is not guaranteed as the value of your investment can go down as well as up. The way funds have performed in the past is no guide to the future and you might get back less than you put in.

The Retirement Account could be right for you if:

You’re a UK resident, aged 18 or over
You have at least £20,000 to invest
You and/or your employer want to make regular or one-off payments to build up a retirement fund
You want to bring your pensions together under one plan
You want access to a wide range of investment options
You want the flexibility to change your account in the future
You might want to pass your pension to your family when you die
You want tax planning options to benefit beneficiaries when you die

The Retirement Account may not be appropriate if:

You have less than £20,000 to invest at the start
You want to contribute to your Pension Savings but your employer already offers an alternative pension scheme. This might be a better option, so you should discuss this with your financial adviser
You want to take your whole pension pot immediately in one go
You do not have a financial adviser

Fund Centre

Explore all our available funds. See our price lists, fund performance, factsheets and more.

Need an adviser?

Get a tailored quote for this product from a financial adviser. To find one, visit Unbiased.

Frequently asked questions

You must be at least 18 years of age to open The Retirement Account (55 for crystallisation unless there is an entitlement to take benefits at an earlier protected age, in which case 50). There is no maximum age at entry for the pension drawdown or pension savings options. For Guaranteed Annuity the maximum age at entry is 85.

You’ll also need to invest at least £20,000 into your pension. This amount is after any tax-free cash has been paid to you and after any initial adviser fee has been paid.
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
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.