BBA Income & Protection Plan - Defined Contribution Section. A guide to making the most of it

Size: px
Start display at page:

Download "BBA Income & Protection Plan - Defined Contribution Section. A guide to making the most of it"

Transcription

1 BBA Income & Protection Plan - Defined Contribution Section A guide to making the most of it

2 Contents 01 Welcome to the BBA Income & Protection Plan - Defined Contribution Section ( the Plan ) Step 1 02 Pensions explained 05 Why should I consider a pension? 06 How much should I put in? Step 2 10 The basics of investing 11 Asset classes: how funds are invested Step 3 14 The investment choices available to you 16 The Lifestyle option: how does it work? 21 The self-select funds you can choose from Step 4 29 Next steps 32 Other sources of help and information Some important information Not everyone feels comfortable making financial decisions, so we recommend you seek independent financial advice if you re unsure about the choices you should make. There may be a cost for this advice, which will be for you to pay. Before you decide to join, you need to know what the risks and commitments are. Read our Key Features Document (TBP17). It will help you decide if this product is right for you. If you re still not sure what to do, speak to your independent financial adviser. Laws and tax rules may change in the future. The information here is based on our pensions experts understanding of the current situation. This booklet is issued by Standard Life. It does not confer rights to benefits. Rights to benefits are conferred only by the trust deed and rules of the Plan, as from time to time amended.

3 Welcome to the BBA Income & Protection Plan - Defined Contribution Section The decisions you make about your pension today could make a big difference to your life in retirement. The Plan will help you save for retirement and this guide will help explain how it works. We always try to write material that s easy to read and jargon free, but we also have to ensure that our information is as concise as possible so that customers have an accurate record of the risks involved. If you need any assistance with this guide, you ll find a glossary in the document library on your pension website bbaaviation to use as an easy reference. Your company pension in four simple steps We ve split this guide into four key steps: 1. Understand how the Plan works including the benefits of being a member. 2. Learn the investment basics so you can make a choice that s right for you. 3. Discover your investment choices including details about the Lifestyle options and self-select options. 4. Find out what to do next and where to go for help. What do I need to do? You need to make an important decision about whether you want to join the Plan and start saving for your future. If you re already saving for your retirement, you need to decide whether the benefits of the new Plan make it the right choice for you. Once you ve made the decision, step four, which you ll find on page 29 of this guide, will take you through what you need to do next. The role of the Trustees The Trustees are responsible for: Running the Plan in line with current law and the trust deed and rules. Looking after the members interests. BBA Income & Protection Plan - Defined Contribution Section 01

4 Step 1 Pensions explained What is a pension? A pension is like a savings account you can t touch, designed to give you an income when you retire. The Plan is what s known as a defined contribution plan. Contributions, made by both you and BBA Aviation, go into your own personal pension account and you choose where to invest that money from a range of investment funds. Contributions are paid... into the Plan by your employer. This includes your contribution (made by Salary Exchange, if you opt in to this process). Contributions are used to buy units in the investment funds you have chosen to invest in. The amount you receive when you retire will depend on: How much you and your employer contribute to your pension. The investments you choose, how they perform and any fees and charges on the funds. How much it costs to buy a retirement income when you come to retire. BBA Aviation can collect employee contributions through a process called Salary Exchange, (see pages 03 and 04 for more information). You need to opt in to do this, by ticking the appropriate box on your joining form. You ll find the form in the document library on your pension website bbaaviation The value of your investments... will rise and fall in line with investment return, and charges will be deducted. Which gives you your pension pot, from which you choose how to take your retirement benefits (see page 06 for your income options). 02 BBA Income & Protection Plan - Defined Contribution Section

5 How does Salary Exchange work? Salary Exchange involves restructuring the way you make pension payments. It works like this: You agree to exchange part of your pensionable income to invest in the Plan. You don t pay National Insurance (NI) or income tax on the amount you ve exchanged. The amount that you ve exchanged, plus your employer s contribution, is paid into the Plan. However, Salary Exchange isn t right for some people. It s a permanent change to your terms of employment and could affect your state or company benefits. Salary Exchange could also affect your ability to borrow, although BBA Aviation can provide details of the arrangement to potential lenders, and confirm your income before the Salary Exchange reduction. If you re not sure whether Salary Exchange is right for you, you should speak to your employer, or you could ask an independent financial adviser for guidance. If you decide not to opt in to Salary Exchange, you can make your pension contributions directly from your salary. You ll receive income tax relief on contributions, but you won t see any NI saving. It s important to regularly review your pension to make sure you stay on track. BBA Income & Protection Plan - Defined Contribution Section 03

6 Here s an example to show how it works for you in practice. Let s assume your pensionable earnings are 25,000 and you want to contribute 5% to your pension. The table below illustrates how this works with, and without, Salary Exchange. Remember this is an example. How it works for you will depend on your individual circumstances. It s important to remember that tax relief may change over time or with changes in legislation. You can be assured though, that the information here is based on our pension experts understanding of the current situation. Note: These figures are for illustration only. All figures are based on annual tax allowances, NIC threshold limits and a single person s tax allowance for the tax year 2011/12. These may be affected by future changes in tax, National Insurance Contributions, and legislation or by an individual s particular circumstances. Pensionable Earnings Deductions Tax NI Pension Contribution Net take-home pay With salary exchange 23,750 ( 25,000 salary 1,250 pension contribution at source) 3,255 1,983 0 (Pension contribution already deducted by employer at source) Without salary exchange 25,000 3,255 (Tax is calculated after the pension contribution is deducted) 2,133 1,250 18,512 18,362 What s in it for you? Same gross pension contribution. You pay less NI. Increased take-home pay. 04 BBA Income & Protection Plan - Defined Contribution Section

7 Why should I consider a pension? For some, retirement is two-star room-only. For others it s five-star all-inclusive. Most of us would prefer the latter, but a rewarding retirement has a price. Do you know if you re putting enough away for it? Planning ahead with your pension will help. We re not promising an easy route to luxury and riches. But we can help you get more from the Plan. Hopefully, the decisions you make now will give you the lifestyle that you want when you come to retire. We recommend you talk to an independent financial adviser before you make any investment decisions. If you don t have an adviser you can find one near you by visiting Please note there may be costs associated with seeking advice, which will be for you to pay. Myth I don t need a pension I ll just work a few more years to make up the difference. The State Pension will look after me when I retire. I m too busy to think about a pension. I have more important things to think about. Reality This might not be enough. People are living longer and our lives are generally healthier. If you don t join a pension, you might have to work a lot longer than you thought. You might need to support yourself for 30 years or more in retirement. The maximum Basic State Pension for the tax year 2011/12 is a week for a single person or a week for a couple. Even with Pension Credit this only guarantees an income of a week for a single person, or a week for a couple. You may also have the State Second Pension provision or an income from another pension but you d be surprised how many people are not saving enough. Everyone s busy. And things like mortgages, loans and credit cards can seem more important. But saving for your retirement as soon as you can could make a huge difference to your lifestyle in later life. BBA Income & Protection Plan - Defined Contribution Section 05

8 How much should I put in? How much is enough? Some advisers think you need between half and two thirds of your basic salary to live on in retirement. Our online planning tools can help you see how much you could get in retirement. If your outcome is not what you hoped for, you can also see what happens if you put more in to your pension or retire at a different age. Go to How contributions work From you You contribute a percentage of your pensionable earnings to be paid into the Plan. You need to make the minimum contributions as set out by your employer, but you can choose to contribute more. From your employer BBA Aviation will also contribute to your Plan. For details of the employer contribution level that applies to you, contact your HR Department. Keeping track of your pension It s up to you to regularly review your Plan to make sure you re on track for your retirement. Each year we ll send you a statement showing how your pension is doing. This might also be a good time to use the retirement planning tools on our website. Income options When you decide to stop working, you can use your pension pot to purchase an income in retirement. At present, your main options would be: An annuity This gives you an income for the rest of your life. This will be taxed as if it was earned income. A tax-free lump sum As well as an annuity, you can normally take up to 25% of your pension pot in cash, tax-free. This will mean the money remaining in your pension pot will provide a smaller income. 06 BBA Income & Protection Plan - Defined Contribution Section

9 An income for a dependant after your death You can choose a smaller income if you want to provide an income for your husband, wife, civil partner or other dependant(s) when you die. Are there other options when I retire? You can transfer to another arrangement to get other income options. Additional terms, conditions and charges may apply. For example, you may be able to transfer to a Self Invested Personal Pension (SIPP). This plan offers the additional flexibility to take your retirement income by using something called income drawdown. It s a way of taking some income from your pension savings as and when you need it, whilst keeping the rest of your pension pot invested. You can still usually take up to 25% of your pension as a lump sum with this option. The Trustees, with recommendations from their advisers, have created two investment options which target income drawdown. For more information about these options, see pages 18 and 20. It is recommended that you seek independent financial advice before you consider transferring into a SIPP. Please be aware of the risks to the value of your investments. The value can go down as well as up, and you might get back less than you paid in. What if I leave my employer? If you leave, you can still keep your existing pension and the discounted charges will remain in place, although your employer would, of course, cease making contributions on your behalf. Your employer can tell you more about this too. BBA Income & Protection Plan - Defined Contribution Section 07

10 What if I die before I retire? The Trustees would give the value of your pension pot to your beneficiaries. The Plan value will generally be paid in a lump sum, however the Trustess can use some, or all, or the money invested in the Plan to secure pension benefits for certain beneficiaries. This might be taxable if it s over the Lifetime Allowance set by HM Revenue & Customs. The Lifetime Allowance is the value of retirement benefits that you can draw from approved pension schemes before tax penalties apply. The current value is 1.8m; however this will change to 1.5m, from 6 April Tell the Trustees about your family and dependants To make sure your dependants benefit from your Plan, make sure you fill in the Nomination of Death Benefits form, which you ll find on your pension website bbaaviation and return this to your HR Department. What you decide is important so consider this very carefully and ensure that, if your circumstances change, you keep your Nomination of Death Benefits form up to date. If in doubt, seek financial advice before making any decisions. Why should I join the Plan? Aim for a better lifestyle in retirement. It s flexible. Manage your Plan online. Tax relief benefits. 08 BBA Income & Protection Plan - Defined Contribution Section

11 More time with family and friends would be nice. But having the time to take more regular holidays and possibly do some travelling would be great. BBA Income & Protection Plan - Defined Contribution Section 09

12 Step 2 The basics of investing You can choose where your pension is invested from the range of options shown in this guide. All investments involve some risk they can go down in value as well as up. So it s important to understand the basics and find an option that you feel comfortable with. Your opportunity for growth The money you put into the Plan is invested into funds. The price of units in investment-linked funds depends on the value of the underlying assets after charges. Assets move up or down in value depending on a number of things like the economy and market confidence. Different funds carry different levels of risk. A fund with a higher level of risk means you ll have the potential of a higher return but also means your money is at more risk and you might not get back what you invested. So it s important to get the right balance between risk and potential return. Volatility The volatility rating of an investment-linked fund indicates how much the fund price might move compared to other funds. The higher the volatility rating, the less stable the fund price is likely to be. You can use this to help you decide how much risk you re comfortable taking with your investments. Volatility ratings for funds Less volatile More volatile How we rate the funds We set ratings based on our experts judgement, using data on: How the fund price has varied from month to month in the past, compared to other funds available. How investments in similar asset classes vary from month to month and the investment policy of the fund. We regularly review volatility ratings for funds, and these may change. 10 BBA Income & Protection Plan - Defined Contribution Section

13 Asset classes: how funds are invested Assets and how your pension fund is invested An asset class is a category of assets or investments, such as equities or bonds. Normally assets in the same class have similar characteristics. They can, however, have very different returns or risks. The value of the investments in all asset classes can go up or down in value so you might get back less than you ve paid in there are no guarantees. Past performance is not a reliable guide to future performance. The asset mix that an investment-linked fund invests in is continuously reviewed. It may be changed in line with developments in the relevant markets. Part of each fund may be held in cash and other money market instruments. Read this section for more information. Equities What are they? Equities are part ownership in a company, usually known as stocks or shares. What s the potential return? Equities can offer good long-term returns. The return you get is any change in value of the stocks and shares, plus any income from dividends. Changes in exchange rates will also affect equities that are listed in a foreign currency. What are the risks? Equities are one of the more volatile asset classes. So, although equities can offer good growth potential, their value can rise or drop sharply at any time. BBA Income & Protection Plan - Defined Contribution Section 11

14 Property What is it? Property investing includes direct investments in buildings and land, as well as indirect investment in property securities, like shares in property companies. What s the potential return? The return received from property is a combination of income from rent and any changes in the capital value of the property. In comparison, the return received from property securities can be similar to equities (see equities asset class description for potential returns and risks). What are the risks? The value of a property is generally based on a valuer s opinion and is not fact. Property can take a lot longer to sell than other types of investment, so you might not be able to sell when you want to. Property securities, like equities, can rise or fall sharply in value at any time. The values of different types of property do not necessarily move in line with each other. For example even if house prices are going up, commercial property could be losing value. Bonds What are they? Bonds are, in simple terms, loans to a government or a company, usually for a set length of time. Bonds issued by the UK government are called gilts and those issued by a company are called corporate bonds. What s the potential return? The return is a combination of any interest received and any change in the bond s value. For overseas bonds, changes in the foreign currency exchange rates may also affect returns (sometimes significantly). What are the risks? The value of the bond may fall if: The interest or capital can t be paid back in full or on time The credit worthiness of the company or government reduces Interest rates or foreign currency exchange rates change Bonds can be traded on the stock market, so their value can go up and down at any time. 12 BBA Income & Protection Plan - Defined Contribution Section

15 Money Market Instruments (including Cash) What are they? Bank and building society deposits as well as other instruments such as Certificates of Deposit and Floating Rate Notes. What s the potential return? The return comes from a combination of any interest received as well as any change in the value of the instrument. What are the risks? It is important to recognise that not all of the assets are the same as cash deposit accounts there are circumstances where their values will fall. Also, any growth may not keep up with future rates of inflation. Specialist These are investments that don t fit into the main asset class categories. They could be investments held directly, or indirectly, in real assets like commodities, for example oil or precious metals. They may also be investments like hedge funds, or have specialist characteristics that prevent them being classified in one of the other main asset class categories. Standard Life categorises our fund range using asset classes. Sometimes we categorise funds as specialist purely because they don t meet the criteria of the recognised industry sectors, or they haven t provided enough information to be categorised appropriately. BBA Income & Protection Plan - Defined Contribution Section 13

16 Step 3 The investment choices available to you Over the next few pages you ll find information about the funds which the Trustees, with recommendations from their advisers, have selected for you to choose from. Please read your fund information carefully. Lifestyle, or self-select? Through the Plan you can: Choose an automated Lifestyle option that evolves with you over your lifetime see pages 16 to 20. Self-select your investments from our range of 13 funds see pages 24 to 28. I want to join but don t want to make an investment choice If you don t make a choice, contributions will automatically be invested in the BBA Income & Protection Plan - Balanced Annuity Lifestyle Profile (see page 17 for details). Please note this fund might not meet all your requirements. I want to join and make an investment choice Please see pages 17 to 28 for details on the options available. Your options If you are in any doubt about which fund(s) you should choose, you can get advice by speaking to an independent financial adviser. The adviser may charge you for this advice, and this is for you to pay. Charges for your funds There are two types of charges that can apply to funds you choose to invest in: the Fund Management Charge and Additional Expenses. We regularly review our charges and sometimes we need to increase them to reflect changes in our overall costs, or assumptions. Any increases will be fair and reasonable. Fund Management Charge (FMC) A charge is applied to money invested in a fund. This charge is known as the Fund Management Charge. We deduct the charge from the fund on a daily basis which has the effect of reducing the unit price for the fund. 14 BBA Income & Protection Plan - Defined Contribution Section

17 We ve agreed with the Trustees, and their adviser, to provide enhanced terms to give you a rebate on some of your Fund Management Charge. Your rebate is given to you as additional units in your fund each month. This reduces the effect of the Fund Management Charge. In the long term your effective FMC will be close to the Fund Management Charge you pay less the rebate you receive. But it won t be the same because the Fund Management Charge is deducted daily while the rebate is applied monthly. Your effective FMC will be affected by factors such as: The period it has been measured over. Any single payments and transfer payments made. Changes in the timing of your regular payments. Daily changes in the fund value. The enhanced terms agreed for BBA Aviation employees means that Standard Life will rebate 0.60% from the FMC. The example below illustrates how the effective FMC is calculated for a fund with an FMC of 1.00%: FMC 1.00% Less rebate 0.60% Effective FMC 0.40% Additional Expenses Additional expenses may be deducted from some investment-linked funds. They include items such as trustees, registrars, auditors, regulators fees and where a fund invests in other underlying funds they may include their underlying management charges. The additional expenses relate to expenses incurred during the fund management process and as such they will regularly increase and decrease as a percentage of the fund, sometimes significantly. Where expenses arise within a fund they have been taken into account in the calculation of the price. All additional expense figures are rounded to two decimal places. An additional expense charge may apply but due to the fact that we have rounded to two decimal places they may show as 0.00%. BBA Income & Protection Plan - Defined Contribution Section 15

18 The Lifestyle option: how does it work? Lifestyle profiles are designed for customers investing for retirement. The funds used depend on the profile chosen. The funds you are invested in at any point will also depend on how long you ve got until your selected retirement date. If this date is some time away (typically more than 10 years), the profiles will invest in funds that offer growth potential over the long term. But remember that all funds can go up and down in value and investment growth is not guaranteed. As you get closer to retirement, the investment aims of the profile move away from growth and towards preparing your pension pot for retirement. The profiles will do this by automatically switching your funds you don t need to do anything. It s important to remember that there are situations where these profiles may not be suitable. For example, if you re not planning on retiring at your selected retirement age, or your retirement plans don t match what the lifestyle profiles are targeting. Your Lifestyle option choices The Trustees, with recommendations from their advisers, have created a range of four lifestyle profiles from which you can select. There are two investment strategies with different risk characteristics, and two retirement income options for each. If you are considering a Lifestyle profile, you should think about which investment strategy best meets your attitude to risk, and how you plan to take your retirement income. Balanced strategy This offers more potential for growth than the Cautious strategy and carries a moderate amount of risk. Cautious strategy This offers some potential for growth. The growth can be less than that achieved by the Balanced strategy, but it is also likely to be less risky. 16 BBA Income & Protection Plan - Defined Contribution Section

19 BBA Income & Protection Plan Balanced Annuity If you don t make an investment choice, your funds will be invested in this Balanced Annuity Lifestyle Profile. The profile follows a balanced investment strategy, and is designed for those looking to purchase an annuity at retirement. BBA Income & Protection Plan Balanced Annuity Lifestyle Profile % of investments > Years Months Years to retirement Standard Life MyFolio Market IV Standard Life Managed Cash Standard Life Fixed Interest SL BlackRock Aquila HP Over 5 Year Index-Linked Gilt SL BlackRock Aquila HP Over 15 Year Gilt For more information about the different options available to you on retirement, see page 06. For more information about the funds that make up the Lifestyle Profile, see pages 24 to 28. BBA Income & Protection Plan - Defined Contribution Section 17

20 BBA Income & Protection Plan Balanced Drawdown If the balanced investment strategy is right for you, but you re not looking to purchase an annuity when you retire, this profile may be a suitable investment choice. This profile stays invested in growth funds for longer. You should remember however, that a fund with the potential of a higher return may also tend towards a higher level of risk. BBA Income & Protection Plan Balanced Drawdown Lifestyle Profile % of investments > Years Months Years from retirement Standard Life MyFolio Market IV Standard Life Managed Cash Standard Life Fixed Interest SL BlackRock Aquila HP Over 5 Year Index-Linked Gilt SL BlackRock Aquila HP Over 15 Year Gilt For more information about the different options available to you on retirement, see page 06. For more information about the funds that make up the Lifestyle Profile, see pages 24 to 28. This option is available to members of the BBA Income & Protection Plan Defined Contribution Section. The profile is, however, designed to target income drawdown. Income drawdown can only be selected once you ve transferred to a SIPP. It is recommended that you seek financial advice before you consider transferring. 18 BBA Income & Protection Plan - Defined Contribution Section

21 BBA Income & Protection Plan - Cautious Annuity This profile follows a cautious investment strategy, and is designed for those looking to purchase an annuity at retirement. BBA Income & Protection Plan Cautious Annuity Lifestyle Profile % of investments > Years Months Years from retirement Standard Life MyFolio Market II Standard Life Managed Cash Standard Life Fixed Interest SL BlackRock Aquila HP Over 5 Year Index-Linked Gilt SL BlackRock Aquila HP Over 15 Year Gilt For more information about the different options available to you on retirement, see page 06. For more information about the funds that make up the Lifestyle Profile, see pages 24 to 28. BBA Income & Protection Plan - Defined Contribution Section 19

22 BBA Income & Protection Plan Cautious Drawdown If the cautious investment strategy is right for you, but you re not looking to purchase an annuity when you retire, this profile may be a suitable investment choice. This profile stays invested in growth funds for longer. You should remember however, that a fund with the potential of a higher return may also tend towards a higher level of risk. BBA Income & Protection Plan Cautious Drawdown Lifestyle Profile % of investments > Years Months Years from retirement Standard Life MyFolio Market II Standard Life Managed Cash Standard Life Fixed Interest SL BlackRock Aquila HP Over 5 Year Index-Linked Gilt SL BlackRock Aquila HP Over 15 Year Gilt For more information about the different options available to you on retirement, see page 06. For more information about the funds that make up the Lifestyle Profile, see pages 24 to 28. This option is available to members of the BBA Income & Protection Plan Defined Contribution Section. The profile is, however, designed to target income drawdown. Income drawdown can only be selected once you ve transferred to a SIPP. It is recommended that you seek financial advice before you consider transferring. 20 BBA Income & Protection Plan - Defined Contribution Section

23 The self-select funds you can choose from What you need to know This selection of funds has been chosen by the Trustees, based on advice from their investment advisers. These are not recommendations; they are simply a range for you to choose from. These funds invest in a mix of different assets such as money market instruments (including cash), bonds, property and equities (see pages 11 to 13). The funds can invest in one or more of these assets. Some funds invest in overseas assets. This means that exchange rates and the political and economic situation in other countries can significantly affect the value of these funds. You might get back less than you paid in. You ll probably be one of many investors in each fund you choose. Sometimes, in exceptional circumstances, we may have to wait before we can transfer or switch your funds. This is to maintain fairness between those remaining in and those leaving the fund. This delay could be for up to a month. But for some funds, the delay could be longer: It may be for up to 6 months if it s a property based fund because property and land can take longer to sell. If our fund invests in an external fund, the delay could be longer if the rules of the fund allow this. If we have to delay a transfer or switch, we ll use the fund prices on the day the transaction takes place these prices could be very different from the prices on the day you made the request. BBA Income & Protection Plan - Defined Contribution Section 21

BAE SYSTEMS PENSIONS BECAUSE PLANNING IS PART OF THE JOURNEY RETIREMENT ACCOUNT GUIDE LEVEL 100+ MARCH 2015

BAE SYSTEMS PENSIONS BECAUSE PLANNING IS PART OF THE JOURNEY RETIREMENT ACCOUNT GUIDE LEVEL 100+ MARCH 2015 BAE SYSTEMS PENSIONS BECAUSE PLANNING IS PART OF THE JOURNEY RETIREMENT ACCOUNT GUIDE LEVEL 100+ MARCH 2015 CONTENTS Where your Scheme benefits come from 4 Your choices affect your retirement account 5

More information

Passive Plus III Universal Strategic Lifestyle Profile

Passive Plus III Universal Strategic Lifestyle Profile Passive Plus III Universal Strategic Lifestyle Profile The Passive Plus III Universal Strategic Lifestyle Profile (SLP) has been chosen as the low-involvement option for your pension plan. It s considered

More information

Retirement Account Plan Key features

Retirement Account Plan Key features Retirement Account Plan Key features This is an important document. Please read it and keep for future reference. The Financial Conduct Authority is a financial services regulator. It requires us, Standard

More information

Group Additional Voluntary Contributions Plan Key features

Group Additional Voluntary Contributions Plan Key features Group Additional Voluntary Contributions Plan Key features This is an important document. Please read it and keep for future reference. The Financial Conduct Authority is a financial services regulator.

More information

Group Flexible Retirement Plan Key features

Group Flexible Retirement Plan Key features Group Flexible Retirement Plan Key features This is an important document. Please read it and keep it for future reference. Key features document: Pages 1 21 Terms and conditions for joining: Pages 22

More information

retirement planning the retirement you want Heineken UK Flexible Retirement Plan

retirement planning the retirement you want Heineken UK Flexible Retirement Plan my retirement planning the retirement you want Heineken UK Flexible Retirement Plan Contents Get an overview of the Heineken UK Flexible Retirement Plan What is the Flexible Retirement Plan? 4 Your benefits

More information

Annuity strategic lifestyle profiles

Annuity strategic lifestyle profiles Annuity strategic lifestyle profiles Our Annuity strategic lifestyle profiles (SLPs) are designed to be appropriate for customers who plan to take their full tax-free lump sum and buy a fixed annuity with

More information

Free Standing Additional Voluntary Contributions Plan Key Features

Free Standing Additional Voluntary Contributions Plan Key Features Free Standing Additional Voluntary Contributions Plan Key Features This is an important document. Please read it and keep for future reference. The Financial Conduct Authority is a financial services regulator.

More information

Investing in onshore bonds

Investing in onshore bonds Investing in onshore bonds Open up your options with our Tailored Investment Bond Before you decide to buy, you need to know what the risks and commitments are. Read our key features document (TNB17).

More information

PLANNING THE RETIREMENT YOU WANT

PLANNING THE RETIREMENT YOU WANT PLANNING THE RETIREMENT YOU WANT Charlotte Supply Chain Graduate HEINEKEN UK Flexible Retirement Plan Contents A reminder of... How the Flexible Retirement Plan works 4 The benefits 6 Consider what you

More information

Active Money Personal Pension Key Features

Active Money Personal Pension Key Features Active Money Personal Pension Key Features This is an important document. Please read it and keep for future reference. The Financial Conduct Authority is the independent financial services regulator.

More information

O P Q RETIREMENT & DEATH BENEFITS PLAN. For Employees of The OPQ Company MEMBERS' BOOKLET

O P Q RETIREMENT & DEATH BENEFITS PLAN. For Employees of The OPQ Company MEMBERS' BOOKLET O P Q RETIREMENT & DEATH BENEFITS PLAN For Employees of The OPQ Company MEMBERS' BOOKLET 2014 EDITION Reviewed January 2014 INTRODUCTION This booklet is an overview of the main benefits and conditions

More information

University of Reading Pension Scheme

University of Reading Pension Scheme Human Resources University of Reading Pension Scheme Investing for Retirement Introduction After deciding how much to save for retirement, where to invest the contributions that you and the University

More information

ISA and Investment Funds Key Features

ISA and Investment Funds Key Features ISA and Investment Funds Key Features From Standard Life through Standard Life Client Management This is an important document. Please read it and keep for future reference. The Financial Conduct Authority

More information

Lump Sum strategic lifestyle profiles

Lump Sum strategic lifestyle profiles Lump Sum strategic lifestyle profiles Our Lump Sum strategic lifestyle profiles (SLPs) are designed to be appropriate for customers who plan to take all of the money from their pension as one or more lump

More information

This way to more information

This way to more information Please keep this booklet safe This way to more information This Member Booklet will take you through what you need to know about The People s Pension For people, not profit Contents: Page Understanding

More information

Group Flexible Retirement Plan. Staff Guide

Group Flexible Retirement Plan. Staff Guide Group Flexible Retirement Plan Staff Guide Terms and information you may need to know Company Jones Lang LaSalle and any other company participating in the Plan. Contribution rates The contribution rates

More information

SIPP Key Facts. This is an important document which you should keep.

SIPP Key Facts. This is an important document which you should keep. SIPP Key Facts! This is an important document which you should keep. 2 Key Facts of the Alliance Trust Savings SIPP The Financial Conduct Authority is the independent financial services regulator. It requires

More information

Your retirement income. Exploring your options

Your retirement income. Exploring your options Your retirement income Exploring your options Contents 02 What do you want to do with your pension fund? 07 A regular retirement income for the rest of your life 10 A flexible income from a Self Invested

More information

KEY FEATURES OF YOUR BUYOUT BOND ILLUSTRATION KEY FEATURES. and Conditions, available from your financial adviser.

KEY FEATURES OF YOUR BUYOUT BOND ILLUSTRATION KEY FEATURES. and Conditions, available from your financial adviser. 00000 Old Mutual Wealth Life Assurance Limited is a provider of long-term life assurance. It is authorised by the Prudential Regulation Authority and regulated by the Financial Conduct Authority and Prudential

More information

Key Features. of the Suffolk Life SIPP (Deed Poll Scheme)

Key Features. of the Suffolk Life SIPP (Deed Poll Scheme) Key Features of the Suffolk Life SIPP (Deed Poll Scheme) This document is part of a set, all of which should be read together. Key Features Your Personal Illustration Schedule of Fees Schedule of Allowable

More information

International Bond. Summary of Insured Funds

International Bond. Summary of Insured Funds International Bond Summary of Insured s Build a portfolio of assets that will meet your individual needs You can access a wide range of investment options through an International Bond from Standard Life

More information

Members booklet Defined Contribution Section Retirement Account (Applicable to those who are a member of the 100+ section)

Members booklet Defined Contribution Section Retirement Account (Applicable to those who are a member of the 100+ section) Members booklet Defined Contribution Section Retirement Account (Applicable to those who are a member of the 100+ section) From 1 October 2015 GKN Group Pension Scheme 2012 GKN Group Pension Scheme 2012

More information

WELCOME TO THE AIRBUS GROUP UK RETIREMENT PLAN

WELCOME TO THE AIRBUS GROUP UK RETIREMENT PLAN WELCOME TO THE AIRBUS GROUP UK RETIREMENT PLAN Investment guide The is an important part of your reward package. This guide aims to help you choose the funds in which to invest your personal Retirement

More information

The Oracle My Pension Plan. Giving you the power to choose

The Oracle My Pension Plan. Giving you the power to choose The Oracle My Pension Plan A Flexible Retirement Plan from Standard Life Giving you the power to choose Contents 03 Welcome 04 Benefits to you 06 Why should you join? 08 The state won t keep you warm 10

More information

Your investment options University of Reading Pension Scheme

Your investment options University of Reading Pension Scheme Human Resources Your investment options University of Reading Pension Scheme Introduction If you are a member of the University of Reading Pension Scheme (the Scheme) you and your employer pay contributions

More information

Understanding unit-linked funds

Understanding unit-linked funds Understanding unit-linked funds Contents 02 What types of unit linked funds are there? 03 How does Standard Life calculate the value of its funds? 05 How are the prices of the units calculated? 06 How

More information

Superannuation and Life Assurance Scheme. Members booklet 2008

Superannuation and Life Assurance Scheme. Members booklet 2008 Superannuation and Life Assurance Scheme Members booklet 2008 Contents Member Booklet 2008 Contents Introduction 3 Definitions 4-5 Leaving pensionable service If you are a qualifying member 12 If you are

More information

ISA and Investment Fund Key features

ISA and Investment Fund Key features ISA and Investment Fund Key features This is an important document. Please read it and keep for future reference. The Financial Services Authority is the independent financial services regulator. It requires

More information

Merchant Navy Officers Pension Plan

Merchant Navy Officers Pension Plan MNPA merchant A4 20pp_v5_aw 19/9/07 17:31 Page 1 @ Your benefits explained September 2007 MNPA merchant A4 20pp_v5_aw 19/9/07 17:31 Page 2 @ 00/01 Contents 01 Some terms you need to know 00/01 Some terms

More information

Investment Bond. Funds key features. This is an important document. Please keep it safe for future reference.

Investment Bond. Funds key features. This is an important document. Please keep it safe for future reference. Investment Bond Funds key features. This is an important document. Please keep it safe for future reference. 2 WHAT ARE THE FUNDS KEY FEATURES? This document is part of the information we provide you to

More information

Contents. Aims, commitments and risks. Questions and answers. Contributions. Transfers. Investments

Contents. Aims, commitments and risks. Questions and answers. Contributions. Transfers. Investments SIPP ISA Dealing Junior ISA SIPP key features The Financial Conduct Authority is the independent financial services regulator. It requires us, AJ Bell Management Limited, to give you this important information

More information

The Personal Range Key Features of the Individual Personal Pension Transfer Value Account

The Personal Range Key Features of the Individual Personal Pension Transfer Value Account The Personal Range Key Features of the Individual Personal Pension Transfer Value Account Reference MPEN11/F 07.15 The Financial Conduct Authority is a financial services regulator. It requires us, Friends

More information

Your guide to retirement savings and fund choices

Your guide to retirement savings and fund choices Your guide to retirement savings and fund choices The Global Connections Group Personal Pension Plan for employees automatically enrolled into the plan Contents What is The Global Connections Group Personal

More information

Your guide to Annuities

Your guide to Annuities Your guide to Annuities From Standard Life It s good to know what s around the next corner 1 of 24 If you would like a secure source of income and have a built up pension fund or a lump sum to invest,

More information

Important information. Key Features of the Flexible Retirement Plan (Personal Pension Plan with SIPP options)

Important information. Key Features of the Flexible Retirement Plan (Personal Pension Plan with SIPP options) Important information Key Features of the Flexible Retirement Plan (Personal Pension Plan with SIPP options) > Contents About this booklet 3 About our Flexible Retirement Plan 4 Who can take out a Flexible

More information

It s flexible. Key features of the Flexible Income Annuity. Flexible Income Annuity

It s flexible. Key features of the Flexible Income Annuity. Flexible Income Annuity It s flexible Key features of the Flexible Income Annuity Flexible Income Annuity This is an important document and you should read it before deciding whether to buy your pension annuity from us Purpose

More information

KEY FEATURES. CASH-OUT RETIREMENT PLAN

KEY FEATURES. CASH-OUT RETIREMENT PLAN 1 KEY FEATURES OF OUR CASH-OUT RETIREMENT PLAN CASH-OUT RETIREMENT PLAN KEY FEATURES. For customers who are not receiving financial advice. This is an important document that you should keep in a safe

More information

FUJITSU UK PENSION PLAN YOUR PLAN EXPLAINED. You re in good company

FUJITSU UK PENSION PLAN YOUR PLAN EXPLAINED. You re in good company FUJITSU UK PENSION PLAN YOUR PLAN EXPLAINED You re in good company Fujitsu UK Pension Plan CONTENTS YOUR PENSION PLAN 3 Introduces the plan and how to make it work for you. YOUR INVESTMENT CHOICES 4 Shows

More information

Fund descriptions, their charges and risk warnings

Fund descriptions, their charges and risk warnings Fund descriptions, their charges and risk warnings This document was produced in March 2015 and is accurate at that date. When reviewing your fund choices you should refer to up-to-date information, available

More information

Immediate Vesting Personal Pension Plan Key features

Immediate Vesting Personal Pension Plan Key features Immediate Vesting Personal Pension Plan Key features This is an important document. Please read it and keep for future reference. The Financial Conduct Authority is the independent financial services regulator.

More information

The Plan for Your Future

The Plan for Your Future The TJX UK Pension Plan The Plan for Your Future Pension Booklet 2 P age Welcome to the TJX UK Pension Plan To look after your financial future, you need to take a little time out of your present. Setting

More information

ISA and Personal Portfolio

ISA and Personal Portfolio ISA and Personal Portfolio Key Features This is an important document. Please read it and keep for future reference. The Financial Conduct Authority is a financial services regulator. It requires us, Standard

More information

Your investment choices and charges. Explaining the investment options and charges for our Active Money Self Invested Personal Pension

Your investment choices and charges. Explaining the investment options and charges for our Active Money Self Invested Personal Pension Your investment choices and charges Explaining the investment options and charges for our Active Money Self Invested Personal Pension Contents 02 Level 1 investments 04 Level 2 investments 06 Level 3 investments

More information

For BP UK employees. Pension plan investment guide. Pensions Investments Protection

For BP UK employees. Pension plan investment guide. Pensions Investments Protection For BP UK employees Pension plan investment guide Pensions Investments Protection This guide is for current members of the Defined Contribution 2010 Pension Plan and BP UK employees who are considering

More information

GLOBAL AEROSPACE UNDERWRITING MANAGERS PENSION SCHEME. Defined Contribution Section

GLOBAL AEROSPACE UNDERWRITING MANAGERS PENSION SCHEME. Defined Contribution Section GLOBAL AEROSPACE UNDERWRITING MANAGERS PENSION SCHEME Defined Contribution MEMBER'S HANDBOOK May 2012 CONTENTS Clause Page INTRODUCTION... 3 Explanation of terms and expressions used in this booklet...

More information

Key features of the Zurich Retirement Account

Key features of the Zurich Retirement Account Key features of the Zurich Retirement Account Helping you decide This important document gives you a summary of the Zurich Retirement Account. Please read this before you decide to invest, and keep it

More information

Capital Investment Bond Key features for additional investments only

Capital Investment Bond Key features for additional investments only Capital Investment Bond Key features for additional investments only This is an important document. Please read it and keep for future reference. The Financial Conduct Authority is a financial services

More information

Key Features Document

Key Features Document Keyfacts Key Features Document Transact Section 32 Buy Out Bond IntegraLife UK Limited A firm authorised and by the Prudential Regulation Authority and regulated by the Financial Conduct Authority and

More information

GUIDE TO RETIREMENT PLANNING FINANCIAL GUIDE. Making the most of the new pension rules to enjoy freedom and choice in your retirement

GUIDE TO RETIREMENT PLANNING FINANCIAL GUIDE. Making the most of the new pension rules to enjoy freedom and choice in your retirement GUIDE TO RETIREMENT PLANNING Making the most of the new pension rules to enjoy freedom and choice in your retirement FINANCIAL GUIDE WELCOME Making the most of the new pension rules to enjoy freedom and

More information

Welcome to NEST. All the key information you need about being a member of NEST

Welcome to NEST. All the key information you need about being a member of NEST Welcome to NEST All the key information you need about being a member of NEST 2 Please write your NEST ID here: You ll find this number on the letter that came with this booklet. Welcome to NEST Building

More information

TD Direct Investing A Guide to SIPPs

TD Direct Investing A Guide to SIPPs TD Direct Investing A Guide to SIPPs Introduction If you are considering investing for retirement, there are a number of ways to approach it. One way is to embark on the do it yourself (DIY) self investment

More information

Key Features of the Prudential Personal Pension Scheme

Key Features of the Prudential Personal Pension Scheme Key Features of the Prudential Personal Pension Scheme Important information you need to read The Financial Conduct Authority is the independent financial services regulator. It requires us, Prudential,

More information

Investment Trust ISA and Savings Scheme Key features

Investment Trust ISA and Savings Scheme Key features Investment Trust ISA and Savings Scheme Key features This is an important document. Please read it and keep for future reference. The Financial Conduct Authority is a financial services regulator. It requires

More information

Important information. Key Features of the Teachers Additional Voluntary Contributions (AVC) Scheme

Important information. Key Features of the Teachers Additional Voluntary Contributions (AVC) Scheme Important information Key Features of the Teachers Additional Voluntary Contributions (AVC) Scheme > Contents About this booklet 4 About the Teachers AVC Scheme 5 Its aim 5 Your commitment 5 Risks 6 Questions

More information

Standard Life Active Retirement For accessing your pension money

Standard Life Active Retirement For accessing your pension money Standard Life Active Retirement For accessing your pension money Standard Life Active Retirement our ready-made investment solution that allows you to access your pension savings while still giving your

More information

Key features of the Home Retail Group Personal Pension Plan

Key features of the Home Retail Group Personal Pension Plan Key features of the Home Retail Group Personal Pension Plan This is an important document which you should keep in a safe place. You may need to read it in future. Home Retail Group Personal Pension Plan

More information

GENERAL DYNAMICS UNITED KINGDOM RETIREMENT AND DEATH BENEFIT SCHEME BOOKLET

GENERAL DYNAMICS UNITED KINGDOM RETIREMENT AND DEATH BENEFIT SCHEME BOOKLET GENERAL DYNAMICS UNITED KINGDOM RETIREMENT AND DEATH BENEFIT SCHEME BOOKLET May 2010 1 INTRODUCTION At a time when we are living longer and the State is reducing its commitment to provide pensions for

More information

DB Personal Pension Plan

DB Personal Pension Plan Deutsche Bank Human Resources DB Personal Pension Plan Handbook for employees of DB Group Services (UK) Limited DB Personal Pension Plan Contents Introduction 4 What is the Group Personal Pension Flex?

More information

SHELL CONTRIBUTORY PENSION FUND. Additional Voluntary Contributions Arrangement Explanatory Book

SHELL CONTRIBUTORY PENSION FUND. Additional Voluntary Contributions Arrangement Explanatory Book SHELL CONTRIBUTORY PENSION FUND Additional Voluntary Contributions Arrangement Explanatory Book July 2013 CONTENTS 1 Introduction 3 2 What are AVCs? 7 Why pay AVCs? 10 How do AVCs work? 12 What options

More information

TAKING CONTROL OF YOUR PENSION PLAN. The value of pension contributions

TAKING CONTROL OF YOUR PENSION PLAN. The value of pension contributions TAKING CONTROL OF YOUR PENSION PLAN If you add together all the money you have in pension arrangements, the total may well dwarf every other investment you ever make. Despite this, many people are happy

More information

Key features. For customers One Retirement

Key features. For customers One Retirement For customers One Retirement Key features Contents Its aims 02 Your commitment 02 Risks 03 Questions and answers 04 Secure retirement income (SRI) 08 Other information 11 How to contact us 12 The Financial

More information

Self Select Investment Guide move ahead

Self Select Investment Guide move ahead Self Select Investment Guide move ahead For members of The Barclays Bank UK Retirement Fund (the UKRF) 2 Self Select Investments move ahead Inside this guide Welcome to Self Select 2 Investments Choosing

More information

Fund guide. Prudence Bond Prudence Managed Investment Bond

Fund guide. Prudence Bond Prudence Managed Investment Bond Fund guide Prudence Bond Prudence Managed Investment Bond Introduction to this guide We know that choosing which fund may be best for you isn t easy there are many options and everyone is different so

More information

KEY FEATURES OF THE SELF-INVESTED PERSONAL PENSION (SIPP) FOR INCOME DRAWDOWN OR PHASED RETIREMENT. Important information you need to read

KEY FEATURES OF THE SELF-INVESTED PERSONAL PENSION (SIPP) FOR INCOME DRAWDOWN OR PHASED RETIREMENT. Important information you need to read KEY FEATURES OF THE SELF-INVESTED PERSONAL PENSION (SIPP) FOR INCOME DRAWDOWN OR PHASED RETIREMENT Important information you need to read THE FINANCIAL CONDUCT AUTHORITY IS A FINANCIAL SERVICES REGULATOR.

More information

SELECT SIPP. Taking pension benefits guide

SELECT SIPP. Taking pension benefits guide SELECT SIPP Taking pension benefits guide Please read this guide in conjunction with the Alliance Trust Savings Handbook and the appropriate Key Features documents. Alliance Trust Savings does not give

More information

A Guide for Members who join on or after 1 January 2013

A Guide for Members who join on or after 1 January 2013 Business. Empowered. CAMBRIDGE & your pension benefits Cambridge University Assistants Contributory Pension Scheme (CPS) Hybrid Section Key information A Guide for Members who join on or after 1 January

More information

Fund Guide. Prudential International Investment Bond International Prudence Bond

Fund Guide. Prudential International Investment Bond International Prudence Bond Fund Guide Prudential International Investment Bond International Prudence Bond Introduction to this guide We know that choosing which fund may be best for you isn t easy there are many options and everyone

More information

MORE CHOICE MORE FREEDOM

MORE CHOICE MORE FREEDOM LOOK FORWARD TO MORE CHOICE MORE FREEDOM A guide to Income Release Pension Portfolio royallondon.com WELCOME TO ROYAL LONDON We re a mutual organisation and, unlike a PLC, we don t have any shareholders

More information

Key Features of the Local Government Additional Voluntary Contributions (AVC) Scheme for England & Wales

Key Features of the Local Government Additional Voluntary Contributions (AVC) Scheme for England & Wales Key Features of the Local Government Additional Voluntary Contributions (AVC) Scheme for England & Wales Important information you need to read The Financial Conduct Authority is an independent financial

More information

KEY FEATURES OF LEGAL & GENERAL S PENSION ANNUITY.

KEY FEATURES OF LEGAL & GENERAL S PENSION ANNUITY. PENSION ANNUITIES KEY FEATURES OF LEGAL & GENERAL S PENSION ANNUITY. HELPING YOU MAKE THE RIGHT DECISIONS FOR YOUR FUTURE This is an important document that you should keep in a safe place. 02 KEY FEATURES

More information

STAKEHOLDER PENSION SCHEME (UK, N+ & Global staff) A Guide to the Stakeholder Pension Scheme

STAKEHOLDER PENSION SCHEME (UK, N+ & Global staff) A Guide to the Stakeholder Pension Scheme STAKEHOLDER PENSION SCHEME (UK, N+ & Global staff) A Guide to the Stakeholder Pension Scheme The Stakeholder scheme is a money purchase scheme - this means it does not offer guaranteed benefits related

More information

KEY FEATurES of LEGAL & GEnErAL S PEnSIon AnnuITIES.

KEY FEATurES of LEGAL & GEnErAL S PEnSIon AnnuITIES. PEnSIon AnnuITIES KEY FEATurES of LEGAL & GEnErAL S PEnSIon AnnuITIES. Helping you make the right decisions for your future INsuRANCe. savings. INVesTMeNT MANAGeMeNT. 01 Key features of Legal & General

More information

ONLINE INVESTMENTS OUR FUND RANGE AND INVESTMENTS.

ONLINE INVESTMENTS OUR FUND RANGE AND INVESTMENTS. ONLINE INVESTMENTS OUR FUND RANGE AND INVESTMENTS. Why is it important to read this document? This document explains the funds available for you to invest in through our Investment ISA, which is a Stocks

More information

your benefits in detail

your benefits in detail Booklet 2 BASF UK Group Pension Scheme (DC section) Your member guide your benefits in detail 1 October 2015 Inside this guide: Benefits when you retire 4 If you die in service 8 If you die after taking

More information

ACE COMPLETE PENSION TRUST. Investment Fund Guide

ACE COMPLETE PENSION TRUST. Investment Fund Guide ACE COMPLETE PENSION TRUST Investment Fund Guide Introduction This guide has been prepared to assist you in making your investment decisions. It outlines two possible levels of investment involvement that

More information

CHOOSING YOUR INVESTMENT FUND.

CHOOSING YOUR INVESTMENT FUND. STAKEHOLDER PENSION PLAN CHOOSING YOUR INVESTMENT FUND. This is an important document. Please keep it safe for future reference. INSURANCE. SAVINGS. INVESTMENT MANAGEMENT. 2 STAKEHOLDER PENSION PLAN CHOOSING

More information

Scottish Housing Associations Pension Scheme. Member Guide for the Defined Contribution Scheme

Scottish Housing Associations Pension Scheme. Member Guide for the Defined Contribution Scheme Scottish Housing Associations Pension Scheme Member Guide for the Defined Contribution Scheme Welcome to The Pensions Trust The Pensions Trust is one of the leading workplace pension funds in the UK. As

More information

Important information. Key Features of the Prudential International Investment Portfolio

Important information. Key Features of the Prudential International Investment Portfolio Important information Key Features of the Prudential International Investment Portfolio > Contents About this booklet 3 About the Prudential International Investment Portfolio 3 Its aim 4 Your investment

More information

BI Horizon Pension Plan

BI Horizon Pension Plan BI Horizon Pension Plan Geoff Hallett October 2013 Note: We cannot provide individual financial planning advice FOR FINANCIAL PROFESSIONAL USE ONLY NOT FOR PUBLIC DISTRIBUTION BI Horizon Pension Plan 1.

More information

PENSION INVESTMENT APPROACHES GUIDE. More detailed information

PENSION INVESTMENT APPROACHES GUIDE. More detailed information PENSION INVESTMENT APPROACHES GUIDE More detailed information OUR COMMITMENT TO YOU We want to do everything we can to help you achieve what you need from your plan. Aiming for investment growth is vital,

More information

Your New Additional Voluntary Contribution and Defined Contribution Investment Choices

Your New Additional Voluntary Contribution and Defined Contribution Investment Choices THALES UK PENSION SCHEME Your New Additional Voluntary Contribution and Defined Contribution Investment Choices The Trustees of the Scheme ( the Scheme ) have recently completed a review of the Scheme

More information

PENSIONS REFORM 6 APRIL 2015 YOUR QUESTIONS ANSWERED.

PENSIONS REFORM 6 APRIL 2015 YOUR QUESTIONS ANSWERED. PENSIONS REFORM 6 APRIL 2015 YOUR QUESTIONS ANSWERED. Following Government changes effective on 6 April 2015, there are different ways for anyone over 55 to access their defined contribution pension pots

More information

International Portfolio Bond for Wrap Key Features

International Portfolio Bond for Wrap Key Features International Portfolio Bond for Wrap Key Features This is an important document. Please read it and keep it along with the enclosed personal illustration for future reference. The Financial Conduct Authority

More information

Helping your loved ones. Simple steps to providing for your family and friends

Helping your loved ones. Simple steps to providing for your family and friends Helping your loved ones Simple steps to providing for your family and friends Contents 01 How can I take control of who gets what? 02 Inheritance Tax 04 Do you know how much you re worth? 06 Making lifetime

More information

KEY FEATURES OF PENSION PORTFOLIO SELF INVESTED PERSONAL PENSION (SIPP)

KEY FEATURES OF PENSION PORTFOLIO SELF INVESTED PERSONAL PENSION (SIPP) KEY FEATURES OF PENSION PORTFOLIO SELF INVESTED PERSONAL PENSION (SIPP) The Financial Conduct Authority is a financial services regulator. It requires us, Royal London, to give you this important information

More information

Self Invested Personal Pension for Wrap Key Features

Self Invested Personal Pension for Wrap Key Features Self Invested Personal Pension for Wrap Key Features This is an important document. Please read it and keep for future reference. The Financial Conduct Authority is an independent financial services regulator.

More information

The General Dental Council 1970 Pension and Life Assurance Plan Statement of Investment Principles July 2011

The General Dental Council 1970 Pension and Life Assurance Plan Statement of Investment Principles July 2011 1 Introduction 1.1 The Scheme The General Dental Council 1970 Pension and Life Assurance Plan Statement of Investment Principles July 2011 The Plan has two sections - a Final Salary section and a Defined

More information

Friends Life Online Stakeholder Pension Fund guide

Friends Life Online Stakeholder Pension Fund guide Friends Life Online Stakeholder Pension Fund guide This guide describes the funds available for investment under our Friends Life Online Stakeholder Pension and sets out their aims. Which funds can I choose

More information

THE HALIFAX RETIREMENT FUND MEMBERS' GUIDE

THE HALIFAX RETIREMENT FUND MEMBERS' GUIDE THE HALIFAX RETIREMENT FUND MEMBERS' GUIDE CONTENTS 1 Definitions 2 Membership 3 Contributions 4 Additional voluntary contributions (AVCs) 5 Tax relief 6 Retirement Benefits (including taking benefits

More information

SIPP ISA Dealing Junior ISA SIPP benefi ts guide

SIPP ISA Dealing Junior ISA SIPP benefi ts guide SIPP ISA Dealing Junior ISA SIPP benefits guide Contents Introduction SIPP benefits - the basics Annuity, income drawdown and taxable lump sums the commitments and risks 3 Your benefits options Lump sums

More information

CLEAR Executive Pension. The company pension that puts you in control

CLEAR Executive Pension. The company pension that puts you in control CLEAR Executive Pension The company pension that puts you in control plan About us Established in Ireland in 1939, Irish Life is now part of the Great-West Lifeco group of companies, one of the world s

More information

Pay, benefits and time off. Nationwide Pension Fund

Pay, benefits and time off. Nationwide Pension Fund Pay, benefits and time off Nationwide Pension Fund Your CARE terms explained from 1 April 2011 Contents Page How to contact us 3 Introduction and key features 4 Terms you need to know 5 Contributing to

More information

Investment Funds. Supplementary Information Document (SID) Provided by RBS Collective Investment Funds Limited

Investment Funds. Supplementary Information Document (SID) Provided by RBS Collective Investment Funds Limited Investment Funds Supplementary Information Document (SID) Provided by RBS Collective Investment Funds Limited About this document This document is designed to provide you with information about Investment

More information

Investment Funds Provided by RBS Collective Investment Funds Limited

Investment Funds Provided by RBS Collective Investment Funds Limited Supplementary Information Document (SID) Investment Funds Provided by RBS Collective Investment Funds Limited About this document This document is designed to provide you with information about Investment

More information

Ceridian Futures Retirement Plan

Ceridian Futures Retirement Plan Ceridian Futures Retirement Plan Summary of Benefits Summary of Benefits Ceridian Futures Retirement Plan 1 Summary of Benefits Introduction Who is eligible? How the Plan works Contributions The Ceridian

More information

NATS Defined Contribution Pension Scheme. Performance through Innovation

NATS Defined Contribution Pension Scheme. Performance through Innovation NATS Defined Contribution Pension Scheme Performance through Innovation 1 Introduction This Booklet is intended to explain the main details of the NATS Defined Contribution Pension Scheme the Scheme. It

More information

TRUSTEE TRANSFER PLAN Policy Document

TRUSTEE TRANSFER PLAN Policy Document TRUSTEE TRANSFER PLAN Policy Document [2] POLICY DOCUMENT TRUSTEE TRANSFER PLAN Contents 1. Introduction 4 2. Payments to us 6 3. Charges 7 4. Benefits payable under the Policy 8 5. Investments under the

More information

Guide to SIPPs. Investment Helpdesk: 0131 550 1212. www.cs-d.co.uk

Guide to SIPPs. Investment Helpdesk: 0131 550 1212. www.cs-d.co.uk Investment Helpdesk: 0131 550 1212 www.cs-d.co.uk SIPP stands for Self Invested Personal Pension. SIPPs are a flexible type of personal pension. Like most, they are designed to provide a retirement pot

More information