Flexible income – Our easy investment option

If you choose Standard Life Active Retirement, you tell us how you want to take your pension money. We'll then spread your money across three pots (funds) to give you a mix of lower risk and growth investments.

Find out more about how Standard Life Active Retirement works.

Standard Life Active Retirement

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When you're ready to take an income or a lump sum from your pension

Standard Life Active Retirement is designed to give you a balance of lower risk investments for the money you take out initially and medium risk investments for longer term growth.

    You tell us how you want to take your money. Do you want to set up a regular income or take lump sum withdrawals?

    We'll invest your money across three pots (funds) based on how you've told us you want to take it:

    Pot 1

    Lower risk investments designed to remain fairly stable

    Pot 2

    Lower to medium risk investments aiming to provide a better return than Pot 1

    Pot 3

    Medium risk investments, aiming to provide a higher return over the longer term

    Visual depiction of money invested across three pots.

    There are a few cases where Standard Life Active Retirement works differently. Find out more in our guide.


    You can also 'reset' Standard Life Active Retirement at any time. This means splitting your remaining money across the three pots again, based on the current value of your plan and how much you want to take. For example, you might consider this if you do something that changes your pension value like take a large withdrawal.

    After you’ve spent the money in Pots 1 and 2, your remaining money is all invested in Pot 3. This is a medium risk investment which may fluctuate in value frequently and at times significantly so you need to be comfortable with this.

    You can review the amount in each pot online or by calling us.

    There are no guarantees and your money may not last as long as you need it to.

Thinking about increasing your regular income?

If you're taking a regular income from your pension you may, over time, want to adjust this to keep up with the cost of living.

  • Each year we'll help you understand the impact of your withdrawals and investment performance on your pension value.
  • We'll provide you with information to help you make an informed decision whether to increase your income and show you the effect any change could have on how long your money might last.

We can’t guarantee that your money won’t run out sooner than you want it to.

Remember, you have total freedom over how much money you withdraw from your pension and when. You can take as little or as much at any time - it’s always up to you.

Who does what?



Decide if Standard Life Active Retirement is right for you



Decide how much money you're going to take out, and when



At the start, decide how much goes in each pot



Make day to day investment decisions



Decide to 'reset' the amount in each pot



Decide to change your income level



Provide secure online access



Check your balance, will it last as long as you need it to?



Check regularly that Standard Life Active Retirement is still right for you



*In certain limited circumstances

Important things to think about:

  • Your money is automatically split between the pots at the start so at this point you won’t be able to choose how much goes in each pot.
  • We won't move money between pots, but there are certain circumstances when we'll automatically reset the amount you have in each pot. Find out more about this in our guide.
  • In some circumstances you'll start with your money in one or two pots, not three. For example, if you're taking a regular income and tell us you plan to take all your money within seven years, your money is automatically invested in Pots 1 and 2 only.
  • In some circumstances, investment markets will perform better than Standard Life Active Retirement. It's important that you regularly check your investments so you can make sure they still meet your needs and that the income you're taking from them is likely to last as long as you need it to. You may wish to consider adjusting how much income you take, changing your investments or choosing a different option at a later date, particularly if your circumstances change.

Remember that all funds can go up and down in value and investment growth is not guaranteed and your money might not last as long as you need it to.

Find out more about the funds in each of the pots

Don’t have a pension with us?

Apply for a Personal Pension

Or call us on 0800 032 8610

Already have a pension with us?


Or call us on 0800 032 8610

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