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Welcome to your Workplace Pension

T. Rowe Price UK Retirement Plan

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Your pension information site

Your pension information site

Thanks for saving with Scottish Widows and trusting us to help you make the most of your financial future. Your pension information site has lots of information to help you understand more about your pension.


Important things to do
 

Combining your pensions

Combining your pensions

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

This guide describes the potential benefits of transferring existing benefits to your retirement account and highlights some of the things to consider. Based on your plan:
 

  • You can transfer only if you’re still employed by the employer who set up your retirement account and you’re making regular payments
  • Your plan doesn't allow transfers in from pension plans with safeguarded benefits.

If you decide to transfer please complete the form at the end of the guide.

Transfer in (PDF, 500KB) Opens PDF in a new tab

Tracing your pensions

Tracing your pensions

People can build up multiple pension pots over their working life and often lose track of where all their pension savings are held. The Government’s pension tracing service can help you track down previous pensions from different pension providers. 

Trace previous pensions Opens Scottish Widows site in a new tab

Beware of scams

Watch our film to find out how to spot a pension scam. 

Film running time 1.5 mins.

Planning for your future

Scottish Widows general information on links from this site may not reflect the T Rowe Price Pension Plan rules.
 

Prepare for your future

Prepare for your future

We’ve got tools and guidance to help you:
 

  • see what pension savings you currently have and what you're expected to get when you retire
  • explore paying more into your pension
  • review your retirement options when you're ready to access your pension savings 
  • access support on how to keep on top of your pension savings
Pension planning Opens Scottish Widows site in a new tab

What you might need

What you might need

The Retirement Living Standards are designed to help you picture your retirement and what it might cost. 

Created by Pensions UK, you can use these standards to help you get an idea of what you might need in retirement, and to help you set a retirement savings goal.

Find your Retirement Living Standard Opens third party site in a new tab

Understand your retirement options

Understand your retirement options

Read our Helping You Prepare for your Retirement guide (PDF, 400KB) to learn about your options when you're ready to start accessing your pension savings.

To discuss your retirement options, and to begin accessing your savings, please call the number found at the bottom of this page.

You won't usually be able to access your pension savings until age 55, and this is increasing to age 57 in 2028. 

Visit the library to find more important information about your options and things to consider as you approach retirement.

Visit the library Read our pension guides

Understand the State Pension

Understand the State Pension

You may also be entitled to the State Pension. This is separate from your workplace pension. It’s a regular payment from the Government most people can claim when they reach State Pension age in their late 60s.
 

  • The full State Pension from 6th April 2025 is £230.25 per week (£11,973 per annum).
  • Not everyone gets the same amount. Most people will need to have 35 qualifying years of National Insurance credits or contributions to get the full amount. 

You can check your State Pension forecast on the Government's site.

Your State Pension forecast Opens third party site in a new tab

State Pension film

Watch our film on the State Pension to find out more.

Film running time under 5 mins.

Supporting vulnerable customers

This film explains the additional support services available to you through our partnerships. You can also learn more about these in our support guide (PDF, 1MB). 

Film running time 2 mins.

Look after your financial wellbeing

Look after your financial wellbeing

Our Be Money Well site has various resources to help you learn new financial skills. Beyond just pensions, you'll also find: 
 

  • bitesize learning on financial essentials
  • blogs and videos
  • resources to enhance your digital skills
Visit Be Money Well Opens third party site in a new tab

Government's Midlife MOT Resources

Government's Midlife MOT Resources

Visit the Government’s Midlife MOT site to help you think about work, health and money with future planning in mind. You can:
 

  • choose your Midlife MOT goal for instant resources
  • browse all work, health and money resources for general information
Midlife MOT Opens third party site in a new tab

Tools & calculators

Library & resources

  • T. Rowe Price UK Retirement Plan information
     

    Investments library and resources

    Explore information on the alternative investment options available to you, past performance, their charges and their fund factsheets. 


    We may have provided links to documents and other information supplied by third parties (which may include your employer or their advisers). They are solely responsible for their content and accuracy. All statements, views and opinions contained in these documents and other information are those of the third parties, not Scottish Widows.

  • Investments library and resources

    This guide should answer most of the questions you might have about your plan.

    Pension Tax (PDF, 300KB)

    This guide gives information on how your plan is affected by current tax legislation.

    Fund guide (PDF, 700KB)

    This guide provides information on the different fund choices that are available to you.

    This booklet explains the different types of investment choices available to you and how they work.


    We may have provided links to documents and other information supplied by third parties (which may include your employer or their advisers). They are solely responsible for their content and accuracy. All statements, views and opinions contained in these documents and other information are those of the third parties, not Scottish Widows.

  • Investments library and resources

    Information that sets out the formal procedure if you have a complaint.

    Privacy Notice (PDF, 200KB)

    This notice provides information on how the Trustees use your data.

    This document sets out the policy of the Trustees of the T. Rowe Price UK Retirement Plan.

    The Chair’s statement produced by the Scheme trustees.

    Expression of wish form (PDF, 100KB)

    This form allows you to nominate who you wish your pension benefits to go to upon your death.

    Transaction Costs (PDF, 100KB)

    A breakdown of transaction costs and charges for the funds available within the scheme.

    Illustrative Examples (PDF, 100KB)

    Illustrative examples for the costs and charges applicable to the Scheme using a set of assumptions representative of the membership and funds available.

    Costs and Charges Information

    This contains information relating to the costs and charges applicable to the scheme in the form of the Chair’s Statement, illustrative examples and transaction costs data. Please note that this information will be published once available.


    We may have provided links to documents and other information supplied by third parties (which may include your employer or their advisers). They are solely responsible for their content and accuracy. All statements, views and opinions contained in these documents and other information are those of the third parties, not Scottish Widows.

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