DEALING WITH UNCERTAINTY

DEALING WITH UNCERTAINTY

We’re committed to supporting you throughout times of uncertainty. From the rise in the cost of living, protecting yourself from fraud and understanding the impact of global events on long term savings. We’ve put together information and insight to support you during times of market volatility.

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Investment Essentials webinar

Thank you to those who joined our recent Investment Essentials webinar. 

Watch a recorded version of the webinar now to learn more about the default investment option for Your Oracle Pension and how you can make the most of your retirement savings. 

We also cover investments and other important topics in the Your Oracle Pension Q&A document (PDF, 344KB).

THE SCOTTISH WIDOWS MOBILE APP

THE SCOTTISH WIDOWS MOBILE APP

With a simple, yet secure sign up process, the Scottish Widows App is a great way to stay connected to your long-term savings and make the most of your money and retirement. You can scan the QR code to download the app now or you can find it on your iOS or Android App store.

Learn about our mobile app Learn about our mobile app

Your account is ready for you

Log in to your account to keep track of your Oracle pension. See how much you’ve got saved, nominate a beneficiary and make changes if you need to. We've sent you log in details as part of your welcome pack.

If you are employed by Oracle you are able to access Your Oracle Pension online via single sign on through your Employee benefit pages. You will need your log in details provided by Scottish Widows the first time you do this.

Log in    Need help to log in? (PDF, 52KB)   

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What might your retirement look like?

As you start thinking about retirement, it’s time to look at your pensions and savings.  Will you have enough for the future?

 

RETIREMENT LIVING STANDARDS

The experts at the Pensions and Lifetime Savings Association have published a set of retirement living standard 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.

Meet your future self

Do you know if you’re saving enough for the future? This interactive tool from Scottish Widows lets you see what you could look like when you retire, what the value of your pension might be, and what you should do next.

Meet Your Future Self

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

Your investment choices

You will automatically be invested in the plan default investment option which is one of our Pension Investment Approaches (PIAs), Balanced – Targeting Flexible Access.

Visit the documents section for more information on the default investment option alongside the alternative investment options available to you.

There is a tiered based charges arrangement in place for your scheme. Tiered Charging Explained (PDF, 476KB).

PENSION FUNDS

Further information on your alternative fund choices can be found here:

Pension funds

You can find full details of fund choices and charges in Your investment choices and charges (PDF, 2MB)

INVESTMENT FUNDS

Further details of the investment funds, including the charges that apply can be found here.

Investment funds

You'll pay an additional 0.08% to the charges shown on the above fund sheets.

SHARES/GILTS

Further details of shares and gilts, including charges that apply, can be found here:

Shares/Gilts

You'll pay an additional 0.08% to the charges shown on the above fund sheets.

An additional dealing charge of £9.95 applies when you buy or sell shares and gilts.

Transfer your pension

If you have any other pension pots, you may be able to transfer them into your new Scottish Widows plan through our online transfer process. Here, you can read about what's involved, so you can decide if this is right for you.

 

It can be easy to lose track of pensions. 

Maybe you've moved jobs or house a few times.  There's lots you can do to make sure you're in touch with pensions that could boost your income when you retire.

WHAT HAPPENS WHEN YOU TRANSFER

First, Scottish Widows will tell you about what’s involved in a transfer, so you can decide if it’s right for you. If you go ahead, they’ll help you every step of the way.

HOW THEY MANAGE YOUR DETAILS

Scottish Widows will ask you to provide some personal details as part of this process. You can read about how they manage this information in their data privacy statement found in appendix 1 of their terms and conditions (PDF, 418KB)

IF YOU CHANGE YOUR MIND

When you transfer a pension to Scottish Widows, they’ll send you a letter to confirm this has been done. If you change your mind, you have 30 days from the date you receive this letter to let them know.

If you decide to return your pension to your other provider, they may not accept it. You might have to set up a new pension with them. This may have different features and charges. You might even have to open a pension with a third provider.

Get started

We've Made It Easier To Nominate Your Beneficiaries

In the event of your death, the funds in your pension plan are payable to your beneficiaries.  You can find more information in the Death Benefits Factsheet (PDF, 222KB) and by watching our What happens to money left in my pension pot when I die film.

To make sure that the money goes to those you choose, please complete a nomination and keep this up to date. It only takes a few minutes, just log in and go to your 'Personal Details' page. 

Log in to nominate

 

HOW TO BUY AN ISA OR INVESTMENT ACCOUNT

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UNDERSTAND MORE ABOUT THE PRODUCT

Make sure you’ve read the following important information about each product before deciding if they are right for you and your needs.

Your Stocks and Shares ISA (PDF, 61KB)

Your investment account (PDF, 61KB)

Your investment choices (PDF, 29KB)

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CHECK YOUR INVESTMENT CHOICES AND CHARGES

Look at your investment choices and the charges that apply in the above Your Investment Choices section. You should compare this with other products available.

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LOG IN TO CHOOSE YOUR PRODUCT

Log in to Your Oracle Pension account and select ‘open a product’ before selecting the product you wish to open.

For help setting up your ISA or Investment Account, please read our step by step guides:

How to set up an ISA (PDF, 2.1MB)

How to set up an Investment Account (PDF, 1.7MB)

RETIREMENT REPORTS

Take a look at our reports for the latest retirement insights

Reading a retiremement report

RETIREMENT REPORT 2023

In this report we have redefined what it means to save for a comfortable retirement, and what steps need to be taken to do so. We also look at the specific challenges some groups face.

Retirement report (PDF, 6MB) PDF opens in new window
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WOMEN & RETIREMENT 2022

In what has been an unprecedented year for all of us, we look at how women feel about their future retirement prospects and we examine the progress that has been made in the last 17 years of our Women and Retirement reports.

Women & retirement (PDF 3MB) PDF opens in new window
Couple planning to save for newborn

HELPING BRITAIN SAVE

In Britain we're not saving enough to protect our financial futures. In this report, we set out a series of potential policy changes, which, if implemented as a package, could make a significant difference.

Help Britain save (PDF, 3MB) PDF opens in new window

We want to make sure we keep you updated so you’re in control of your retirement plans. Let us know your communications preferences so we can keep you informed.

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