Reviewing your pension

Is your retirement on track?

A pension is a great way to save for retirement, but it’s important to make sure it’s working hard to make your retirement plans a reality.

Review your pension in four simple steps

Your pension: 1. Understand where you are; 2. Review your investment choices; 3. Give your pension a boost; 4. Bring your pensions together

1. Understand where you are

It’s a good idea to keep track of how your pension is performing. You can easily track how your Standard Life pension is doing online, or via Standard Life’s MyPortfolio mobile app. Activate your online servicing today - it only takes a few minutes.

Find out how much you'll need in retirement.

2. Review your investments

Where your pension is invested could have a significant impact on your final pension pot. It’s a good idea to review your investments regularly to make sure you’re still on track. You can review your investments online.

If you have questions, speak to your financial adviser or call us on 0845 272 8810. Calls may be monitored and/or recorded to protect both you and us and help with our training. Call charges will vary.

3. Boost your pension

Since the taxman tops up all your pension contributions, increasing your payments is a great way to invest for retirement. Find out how small changes can lead to big results.

4. Bring your pensions together

If you have different pension pots, combining them would make them easier to manage and could make real financial sense. And it’s easy to do with our free pension transfer service. We'll talk you through all the considerations and help you every step of the way.

 

 Important note

As with any investment the value of your fund can go up or down and may be worth less than what was paid in.

Remember that laws and tax rules may change in the future. The information here is based on our understanding in May 2014. Your personal circumstances also have an impact on tax treatment.

Your current circumstances are an important factor. Bringing your pensions together into one plan may not be right for you as you could give up important benefits. There’s also no guarantee that your plan value will be higher by transferring into one plan.

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