About your pension
When you pay into your pension plan, so will your employer.
Visit the Making contributions section to find out more.
How your pension is invested
Your pension savings are invested in our funds and aim to grow. Investment returns are never guaranteed. So while your savings could grow, their value can also go down. This means you could get back less than what you put into your plan.
Visit the Investments section to find out more.
You can normally start taking your pension savings from age 55 - even if you're still working. This will increase to age 57 from 6 April 2028.
Visit the Retirement section to find out more
How a pension works
Here you'll find a summary of how your pension works and some of the benefits it can offer you.
Your employer has set up a Pension Plan with Royal London to help you save for your retirement. Each time you save into your plan, so will your employer You'll also receive tax relief from the government; this can help to boost your pension savings. You can make single contributions into your plan at any time. Any single contributions you make will benefit from tax relief too. You may be able to transfer pension savings from other pension plans. This could make it easier for you to keep track of them.
We're customer owned, so when you join your plan, you'll become a member of the Royal London and share and our success. We’ll aim to give your pension savings an extra boost by adding a share of profits to your plan each year. So, if we do well, so do you. We’ve called this your ProfitShare.
Your pension savings are invested and aim to grow. You can stick with the plan default investment choice or choose your own investments. Our investment options are reviewed by experts to make sure they meet their objectives. This ongoing governance comes at no extra cost to you and when you reach age 55, you can take your pension savings in a way that suits you, even if you're still working. Speak to your employer to find out more.
Understand your finances
Here you’ll find lots of useful guidance, information and tips to help you manage your money.
How to spot a scam
We’ve pulled together some helpful guidance to help protect you from scams.
Passing your benefits on
The easiest way to let us know who you’d like to add as beneficiaries is through our mobile app. You can also complete a nomination of beneficiaries form online.
Make a single contribution
You can apply to make a single contribution into your pension plan online.