If you’re looking to transfer your pension to us, then read on to find out more about the type of plan we offer.
The features and benefits of Retirement Account.
If you are interested in transferring or consolidating your previous pension pot(s), the product that we can offer you for this purpose is our Retirement Account. It is important that you understand whether it is an appropriate product for your needs and whether consolidating your previous pots into it is the right thing for you.
Our Retirement Account:
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.
Before speaking to us to set up a Retirement Account, you need to make sure that transferring a pension is the right thing for you to do. With this in mind please review the following:
Please note that Scottish Widows cannot give you financial advice, reviewing this content will help you evaluate if transferring a pension is the right thing for you to do.
It’s very common to lose track of your pension. This video explains how you can find details of a lost pension.
If you can’t find an old statement or remember what company an old pension is with, there’s a free government-run pension tracing service that can help you track down old and dormant plans.Pension Tracing Service
Before setting up a new Retirement Account you need to have all the information from the plan you wish to transfer to hand including the policy number and transfer value and then you need to call us on:0345 845 0545
You can call us Mon – Thurs 9am-8pm, Friday 9am-6pm and Saturday 9am-1pm
A member of our team will guide you through the application process which will consist of: