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Personal Pension in detail

Topping up your plan

Topping up your pension plan is easy. You can increase the level of your existing regular payments, add an automatic increase option or add a single lump sum payment to your plan.

Alternatively you can set up a Top Up Plan to receive your increments. The Top Up Plan is also a personal pension plan, but has a range of adviser charging options to provide you with flexibility when it comes to paying for advice.

The Top Up Plan will be linked to your existing plan but you will receive two separate statements. If you haven't received any advice on your increment it can be paid into either your existing plan or the new Top Up Plan. Please see our key features and application form for more details.

Options at retirement

  • At your selected pension date, you have a number of options to choose from. Please speak to your financial adviser, or see our Retirement Planning section.

Investment options

  • Your money is invested in our range of unit linked pension funds, which aim to provide the growth you will need to build up your investment for your future.
  • We offer a choice of over 100 pension funds.
  • We also offer a number of lifestyling switching options, Pension Investment Approaches and Premier Pension Investment Approaches. Your adviser can give you details of these.
  • Together with your financial adviser, you can choose which sort of funds your pension ‘pot’ is invested in. (This should be based on your own circumstances and your attitude to investment risk. Your adviser can explain risk and help you to determine your attitude towards it).
  • Read our pension funds – investor's guide and view our pension funds.
  • Find out more about our investment approaches.
  • Are there any risks involved?
    • The value of the investment is not guaranteed and may go up and down depending on investment performance (and currency exchange rates where a fund invests overseas), and can fall below the amount paid in.
    • In long-term investments, risk and reward are inseparable. Put simply: lower risk generally means lower potential growth.
    • Please be aware that the definitions and investment approach ratings for specific funds may change in the future.
    • There may be restrictions on the amount you can invest in certain funds. Please contact us for details on any restrictions that apply.


  • Most private pensions have annual charges to pay for the management of the pension funds your money is invested in.
  • Depending on how you choose to invest your money, there’s a wide range of annual charges. Further details about charges are available on request.
  • There are no separate set-up charges.

Key reading


  • Pensions are a long-term investment. The retirement benefits you receive from your pension plan will depend on a number of factors including the value of your plan when you decide to take your benefits which isn't guaranteed, and can go down as well as up. The value of your plan could fall below the amount(s) paid in.
  • The value of the tax benefits of a pension plan depend on your individual circumstances. Tax rules and your circumstances may change in the future.
  • If you take pension encashments, this will reduce the value of your plan. It may leave you with insufficient funds when you are older. High levels of pension encashments may not be sustainable and could reduce the value to zero.
  • For further details of the risks associated with investing in a personal pension or Top Up Plan, please see the key features document.

Need further information?

View our FAQs or contact us.

View our pension calculators and guides.