You can increase, decrease or stop making personal contributions or Pensions Plus contributions at any time. If you have access to PruSelect or GHOSelect, you can change your contributions online. If not, you can download a Contribution Change Form which should be completed and sent to your local HR team.
You can take the benefits from your Personal Account and continue working under the flexible retirement option. Please refer to the Flexible Retirement section of this website for more information.
Yes. The Trustee will permit you to transfer your Personal Account, in whole or in part, provided the receiving arrangement is a registered pension scheme and certain conditions are met. Please refer to the Transfers section of this website for more information.
Yes. The Trustee will permit you to transfer your Personal Account overseas provided the receiving arrangement is a Qualifying Recognised Overseas Pension Scheme (QROPS) and certain conditions are met.
Yes. Provided the proposed transfer meets certain criteria then transfers into the DC Section are permitted. Please refer to the Transfers from other registered pension schemes section of this website for more information.
There is broad range of funds available to you including 3 Lifestyle Profiles which alter your investments for you the closer you get to your selected retirement age. Please see the Investments section of this website for more information.
You will have certain options available to you on leaving the Company dependent upon how long you were a member of the Scheme at the time of leaving. Further information is available from the Leaving Service section of this website.
In the event of your death benefits may become payable to your Spouse, Civil Partner/same sex spouse and/or Dependant(s). The exact benefits will depend upon your circumstances at the time of death.
Please note, to ensure the Trustee is aware of your wishes it is important you regularly complete an Expression of Wish Form.
Under current legislation the earliest that you may retire is age 55 (or age 50 if you joined the DC Section before 6 April 2006). You must take your retirement benefits on or before age 75.
Lots of important information about the Scheme is available on this website including the funds available to you for investment, your retirement options and how your family are protected in the event of your death. For full details please refer to the Member Booklet available in the Guides section of the Documents library.
You can update your personal details through the My Account facility on this website. Registering for access is very straightforward and the Trustee would encourage you to do so if you are not already registered.
When you retire, you will have the choice of taking up to 25% of the value of Personal Account as a tax-free cash lump sum.