GROUP PERSONAL PENSION
Workplace Pensions form an important part of retirement savings planning, serving as a crucial financial lifeline in our golden years. However, with the cost of living crisis and the constant fluctuations in global affairs, life has become increasingly expensive. It is imperative, therefore, that we take proactive steps to ensure we are saving enough to maintain our current standards of living during retirement. Your Group Personal Pension scheme is with Standard Life.
Bowmore Financial Planning Ltd has set up a default investment plan for your monthly pension contributions. Your contributions will be invested into this plan unless you inform Standard Life of your preferred alternative from the 300+ funds available.
Standard Life offers a wide variety of tools to assist you in building upon your retirement goals. Such tools include; Retirement Tools to help you see how much you'll need to save to fund your desired lifestyle, Pension Calculators, and detailed information on how you can access your money from 55+.our
If you have a personal pension with Standard Life, you can easily manage it online or via their app. You can use these platforms to top up your plan, keep your details up-to-date, transfer existing pensions, manage your investments, and monitor your plan's value.
Furthermore, you can get in touch with Standard Life through their secure messaging system, and you should receive responses within one business day.
To register for online access, you'll need your plan number which is available on any letters or statements that you have received from the company. The registration process is quick and easy, and it should not take more than a few minutes of your time.
Remember! You'll need to complete a separate nomination form for your Group Personal Pension and the Group Life Assurance scheme. To nominate a beneficiary for your pension with Standard Life, please register for access and log in to your online account.
To nominate a beneficiary for the Group Life Assurance scheme, please download the form via this website and send it to Alison O'Neill.