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 Royal London and share in 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.