Why Retirement Account?

Transferring pension pots makes it easier for you to plan for your retirement. And you can set one up online or over the phone.

It could save you money

If you’re transferring old plans into our Retirement Account, the more you have in it, the lower your charge rate could be.

When it comes to charges, we believe we are very competitively priced. Compare our Retirement Account charges with your other pension plans to see if we're right.

It keeps things simple

Retirement Account is a plan for life. It gives you the freedom to transfer your previous pensions, make regular payments, invest in a way that suits you and take it when you retire.

You can be as hands on or as hands off as you like. You can tell us how you feel about investing and how you plan to take your money when you retire, and let us do the work for you. We will manage your investments in one of our lifestyle strategies, which gradually move you into lower risk funds the closer you get to retirement. Alternatively, for a more hands on approach you will also have the option to self-select from our full range of investment funds.

When you retire, you can take your pension in a number of ways – you don’t have to switch to another pension provider. Whether you want to take a flexible income, a guaranteed income for life or the whole pot in cash, we can help you choose.

It makes life easier

One pension saves you the hassle and paperwork of managing many different plans. You have one plan and one place to see how your retirement planning is going. So, if it’s right for you, transfer all those pensions you’ve accumulated over your working life into Retirement Account.

We’ll support you every step of the way

Our Retirement Hub is designed to demystify pensions, to help you understand how they work and to support you along the way.

We’ve done our best to make everything online easy to follow. But we also know that there are things about pensions you might not understand. That's why we're here to help explain what you need to do, and what decisions you need to make. This service is free, but we can’t offer you financial advice or recommendations.

Award winning service

We’ve been taking care of customers and their pensions for over 200 years, awards include:

  • Gold Rating for Pension Service – Defaqto Service Awards 2023
  • 5 stars in the Financial Adviser Service Awards 2022 (Protection & Pensions).

But, of course, what matters most to us is you.

It's protected

100% of the value of your Retirement Account pension pot is protected by the Financial Services Compensation Scheme (FSCS).

Choose how to invest your money

Choose how to invest your money

We’ll show you what to consider.

Invest your pension pot

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.

Start your application

If you’re transferring £10,000 or more and know how you want to invest your pension pot, then you’re ready. Have to hand the details of the pensions you want to transfer.