Your Scottish Widows pension

SWMT Reliance Precision Pension

Governed by Independent Trustees - A partnership of expertise and experience

WELCOME TO YOUR PENSION

Cheryl Black

A guide to being a member of Scottish Widows Master Trust

To help you understand more about your pension and how your Trustees are helping to look after your retirement savings:

keep track of your pension online

THE SCOTTISH WIDOWS MOBILE APP

THE SCOTTISH WIDOWS MOBILE APP

Our app allows you to keep track of your pension value, contributions and investments. You can also nominate beneficiaries, consolidate other pensions, switch investments and access financial wellbeing support.

All you need to register is your National Insurance number and your pension number. If you don’t have your pension number, you can use your postcode.  

Learn about our mobile app Learn about our mobile app
Get it on Google Play
Download on the App Store

Consider combining your pensions and trace old pensions

Tracking down previous pensions might help give your finances a boost. 

Watch our How to trace a lost pension film to show you how to do this.  

It’s worth considering if combining your pensions is right for you, as it could make your retirement savings easier to manage.

When you start the transfer process we'll ask you to provide some personal details. You can read about how the trustees manage this information in Data privacy notice (PDF, 3MB). 

Get started

Your account is ready for you

By logging into your account you can keep track of and manage your pension, see how much you’ve got saved, manage your investments and keep your personal details up to date. ​

We've sent you log in details as part of your welcome pack. Need help to log in? (PDF, 52KB)

You can also nominate a beneficiary. It's important to keep these details up-to-date so we have a record of who you want your savings to go to should the worst happen. Watch our What happens to the money in my pension when I die film for further information. 

Log in to your account

PLANNING FOR YOUR FUTURE

RETIREMENT LIVING STANDARDS

The experts at the Pensions and Lifetime Savings Association have published a set of retirement living standards to help you picture your retirement and what it might cost. They are pitched at three levels, (minimum, moderate and comfortable) based on a basket of goods and services, from food and drink to holidays.

Helping you prepare for retirement

Whether you’re close to retirement or it’s still a long way off, it’s important to plan for the kind of lifestyle you want when you retire, and there are different ways in which you can use your pension benefits. The Normal Minimum Pension Age will be changing from 55 to 57 from 2028.

 

Pension Planning

Pension Options

Planning tools

Taking your pension

As you approach retirement, there’s a lot to think about. In our library you’ll find a series of guides which will help you decide how you’d like to take your pension, when the time comes.

 

Read our pension guides

Take contol of your finances and be money well

Take contol of your finances and be money well

Financial wellbeing has never been more important. With many people’s finances under pressure from the rise in the cost of living, we’re committed to supporting you during these challenging times, and to help you take control of your finances.

When we are on top of our money, we feel better. Our Be Money Well site can help you manage your financial commitments and plan for the future you want. 

Be Money Well site

Government's Mid-Life MOT Resources

Government's Mid-Life MOT Resources

Visit the government’s Midlife MOT website for trusted services, tools and charity resources to help you think about work, health and money with future planning in mind.

Mid-life MOT website

YOUR QUESTIONS ANSWERED

  • How does a workplace pension work?

    HOW DOES A WORKPLACE PENSION WORK?

    Watch our short video to find out more about your workplace pension.

  • How much should I save for retirement?

    HOW MUCH SHOULD I SAVE FOR RETIREMENT?

    When you start saving for your future it's important to consider how much money you should save. If you wish to make additional payments please speak to your Employer or payroll department.

  • When should I take my pension benefits?

    WHEN SHOULD I TAKE MY PENSION BENEFITS?

    Our Retirement Expert Nina, gives you an overview of what your retirement options are and when you can begin accessing your savings. 

    What is a state pension?

    WHAT IS A STATE PENSION?

    There are a number of differences between the State Pension and a private pension, including when you can get it and how much you'll get. Our Retirement Expert Alison explains more in our short film.

    I'm approaching retirement, what are my next steps?

    Should I postpone my retirement to give my pension and investments time to recover?

    There are a few things to consider if you are considering postponing taking your retirement savings. 

  • How can I spot a pension scam?

    How can I spot a pension scam?

    Scams can take many forms, especially for those recently retired or approaching retirement. But don’t be alarmed - if you learn the basics of how to identify them, it'll get easier to avoid them.

    There are things you can look out for to help you spot a scam, and ways you can protect yourself.

Contact us

What you need to hand

When you speak to us, we’ll ask you for your policy number. This helps us to make sure you’re speaking to the right team. If you don’t have your policy number, we can still help you.

We will then ask you some security questions, so we can check who you are.

We want you to get the best service, so we may record your call for training purposes.

Telephone
0800 085 4993 (Monday to Friday, 8am - 6pm)


Email
workplacesavings@scottishwidows.co.uk


Post
Scottish Widows Workplace Savings
PO Box 24173
69 Morrison Street
Edinburgh
EH3 1HP