Please be aware that charges and therefore overall cost of funds outside the GIS may differ, and may be higher. Itâs important to keep your nominations up to date. Pension schemes can be complicated and if you are having any trouble it is worth seeking independent financial advice. /> After selecting a category if sub categories exist they will appear which will allow an even more refined view. You can select a retirement age of up to 75 when you take out your Account, but you can stay in it until age 99 if you wish. "Channel": "Online", Pensions are a long-term investment. You can consolidate your pension savings in one account, offering you choice and control. If you are not a financial adviser or intermediary, please visit our personal site, Find out about your clients’ existing funds and other available choices, Scottish Widows' pensions fund range (PDF), Retirement Account fund supermarket (PDF), SWIS and Clerical Medical life funds (PDF), Scottish Widows life funds (closed) (PDF). newsletter for members of the Scottish Widows Retirement Benefits Scheme (the Scheme). Offers a range of funds from a variety of fund management groups, with different fund services, sizes and costs. 2. As the Service Charge table shows, if the total value of your Retirement Account increases, the rate of Service Charge can decrease. High levels of pension encashments or income may not be sustainable and in some cases could reduce the value of your Retirement Account to zero. Separate share dealing accounts can be set up for each part of your Account. At only 0.2%* these funds are competitively priced and, unlike other drawdown solutions, don’t depend on expensive guarantees or a complicated hybrid design to reduce risk, instead using derivatives to efficiently reduce net equity exposure when the DVM is activated. Registered office in the United Kingdom at 25 Gresham Street, London EC2V 7HN. SECURING AN INCOME â a guaranteed, taxable income for the rest of your life. There are a number of other investment options available but, for these, only an IFA can discuss your options with you and/or make a recommendation. Let Offset make your clients' money work harder for them. For example, if you have a pension pot of £40,000 and you want to access it flexibly in retirement, then your overall charge rate is 0.5% a year. expandable section. Three core portfolio fund ranges - at only 0.1%*; 0.2%;* 0.4 %*, with excellent potential for growth. Income payments are taxable and paid to you after any tax has been deducted. Offers a fixed level of interest, payable at the end of the term. Unless you have capped drawdown, there is no restriction on the amount that you can withdraw as income each year, up to the full value of the Retirement Income part of your account. This request is to transfer into your existing Scottish Widows Retirement Account, where references to the scheme apply to the Scottish Widows Appropriate Personal Pension Scheme. Then you could think about putting them all in one place. The retirement benefits you receive from your pension plan will depend on a number of factors including the value of your plan when you decide to take your benefits which isnât guaranteed and can go down as well as up. Please see our Fund Supermarket Investorâs Guide. To and through retirement, we want to make sure that you have the investment choice that you need. For more information you can read our guides, or speak to an IFA: We recommend that you speak to your IFA for more information on the Fund Supermarket. Scottish Widows' pensions fund range (PDF) Retirement Account fund supermarket (PDF) SWIS and Clerical Medical life funds (PDF) Scottish Widows life funds (closed) (PDF) SW/Icons/Big/Red/Percent. }; Understand and compare your pension options. 'use strict'; Fund Name Fund Type Share Class Citicode SEDOL Morningstar OBSR Crown Rating AMC (% p.a.) They can help to understand your attitude to risk, and advise you on the mix of investments that may best suit your retirement goals. Itâs important to keep up-to-date with how your Account is performing and keep track of your pension savings. If you are taking income, continuing the current level of income payments after your chosen retirement age could use up all the monies held in your account well before age 99. You can move your pension savings into retirement income, which allows you to take a flexible (and taxable) income. However, you will only have access to a limited number funds. "TrackHashChanges": false, all transactions within your Retirement Account. The latest fund information for Scottish Widows Retirement Portfolio 30-60 Pn Series 2, including fund prices, fund performance, ratings, analysis, asset allocation, ratios & fund manager information. We have broken the overall charges down into their component parts, so you should always have a clear picture of the costs. The rest is used to buy the annuity. Flexible income. In addition to the reasonable fees and good funds performance, we stayed with Scottish widows because of the good service we had received and being able to phone up and speak to someone if needed. Different payment types can also be combined to achieve the minimum amount. You can take up to 25% of the amount you move into the Retirement Income part as a tax-free lump sum. "TrustDataLayer": true, For many of us, our pension is an important part of our financial future. You can take some or all of your Retirement Account as a cash sum. The only other option would be to transfer to another provider who allows investment to continue after age 98. An adviser will be able to help you decide whether a Retirement Account is suitable for you. The frequency and amount of income payments can be changed at any time. We call this a pension encashment and it’s also known as an UFPLS (uncrystallised funds pension lump sum). If you are not an adviser please return to our consumer site, Salary, dividend & pension tool (xls 234kb), Carry Forward calculator 2020/2021 (xls 332kb), Carry Forward calculator 2021/2022 (xls 332kb), If you are not a financial adviser or intermediary, please, Please Enter to access social media links, More information on how to set up an agency, Takes you to our funds tool opens in a new tab. "Division": "Retail", "Presentation": "Responsive", To find out more about pensions and how you can save, visit the Scottish Widows website. It may be possible to buy an annuity after age 75 by transferring to another provider. You can normally access your pension savings from age 55 or over in the following ways. You can stay in Retirement Income until age 99. $.extend(window.utag_data, lbgpagedata); The minimum additional movement is £2,000 (before any tax-free lump sum is taken). You can select a retirement age of up to 75 when you take out the account but can stay in it until you’re 99 if you want to. Now more than 6 million customers use their vast range of products that include life cover, critical illness, income protection, pensions, annuities and savings and investment products. Look at investment options with Retirement Account. If you still have pension savings in Retirement Planning and we donât hear from you before your chosen retirement date, we will automatically extend your retirement age to age 99 or to coincide with any retirement age you have selected on the Retirement Income part of your Account. You can choose from different types of annuity â for example, you might choose an annuity where the income payments increase each year, or one that continues to a dependant after your death. To help you, we’ve broken down what you need to do into five simple steps. Income can be paid on a monthly, quarterly, half-yearly or yearly basis. See how you structure conversations about protection. Portfolio overview for Scottish Widows European Select Growth Fund A Acc (GB0031610784) plus latest price and performance data, dividend information, expert insights and more How can I keep track of my Retirement Account? Please be aware that eServices will be unavailable due to essential maintenance from Friday 8th February at 10.00pm until Monday 11th February at 8.00am. You can then make clear decisions based on clear choices. No initial charge, no minimum investment required, and currently no charge for switching between our Pension Funds. Our Premier Governed Investment Strategies are more expensive, but aim to provide better potential growth. What investment options do I have with a Retirement Account? To regularly review investment performance and your long-term plans. If we havenât heard from you before your 99th birthday, weâll purchase a guaranteed income for life on your behalf, so youâll need to let us know before then if you want to take the remaining benefits in a different way. Up tp 25% of the amount you take will be tax-free, and the rest will be taxable. Family Pricing Option - can result in your clients and their families potentially receiving a lower Service Charge than they would individually. "Platform": "Unauth", Watch the latest CII accredited Masterclass from our Financial Planning and TechTalk team. Calculate your retirement income. Retirement Account is designed to support you throughout saving for your retirement, taking your pension savings, or both. For specific information about … Different companies assume different growth rates based on their views on possible investment returns from their funds. Registered in England and Wales No. (function () { 3196171. "PageRole": "Brochureware", Key features of retirement income with Scottish Widows. You and your IFA may decide that your investment needs are such that you require a more bespoke service to manage your Retirement Account investments. No charge for drawdown - making it clear for clients that Retirement Account can be a plan for life. At 15+ years from retirement - PP3 At 10 years from retirement - PP4 At 5 years from retirement - PP4: Balanced: You can expect your pension pot to go up and down in value, but these may be sharper and more frequent than in the 'cautious' approach. Our Retirement Portfolios build on Scottish Widows well-founded reputation for multi-asset investing and strategic asset allocation experience. We can help you find a financial adviser if you donât already have one. OUR FUND RANGES. âRetirement Planningâ â Holds your pension savings pre-retirement. If you would like to transfer into your existing Scottish Widows Workplace Pension, please use the Workplace Pension form instead. You can access the latest European MiFID template (EMT) for our Scottish Widows and Halifax OEIC Funds here. Get more information on consolidating your pensions. Investment choice â Choose from a range of investment options depending on your retirement goals, how you plan to take your pension savings and how much risk you want to take. var lbgpagedata = { Aims to protect the value of your investment. If you do this using amounts from Retirement Planning, you can normally take up to 25% of the amount you use as a tax-free cash sum. The Service Charge will be split proportionally between the Retirement Planning and Retirement Income parts of your account. }).call(this); Use fund name, code or other filters to find the fund you need. Scottish Widows was established more than 200 years ago with the purpose of setting up a general fund for securing the provisions to widows, sisters and other females. Are there any other investment options available to me? New … Important Information. Flexible retirement age. window.utag_data = window.utag_data || {}; Aegon Ethical Corporate Bond B Acc OEIC Acc ZH97 B018K35 - 0.450 0.480 Aegon Ethical Corporate Bond B Inc OEIC Inc US88 B0C4RP3 - 0.450 0.480 Aegon Ethical Equity B Acc OEIC Acc SN54 0745088 Neutral 0.750 0.770 For information on the full range of funds available, speak to your financial adviser. They can provide investment guidance, detailed research and risk profiling services. Please make sure that you read the terms and conditions of this pension scheme carefully before you invest with this pension scheme to ensure that your understand the process. The value of the tax benefits of your Retirement Account depend on your individual circumstances. This site is intended for UK authorised & regulated financial advisers only. *The tables above shows the standard rates that apply for new Retirement Account applications. scottishwidows.co.uk uses cookies to help make using our website easier. Up tp 25% of the amount you take will be tax-free, and the rest will be taxable. See how some of our Scottish Widows Investment Solutions (SWIS) and Clerical Medical funds distribute income. At Scottish Widows we update our fund prices every working day. The value of your plan could fall below the amount(s) paid in. We take this charge for setting up and managing your Retirement Account. Important Information about Scottish Widows. The Scottish Widows Pension Fund range of 150+ funds covers a wide range of asset classes and geographical areas, and is managed by 20+ leading fund management firms. Flexibility â Retirement Account has two parts. your Retirement Account investment history. Our charges will automatically come out of your Retirement Account every month. If you want to take your pension savings there are some important decisions to make. How much can I save into my Retirement Account? Combining your pensions with Scottish Widows is simple and we wonât charge you for this service. Up to 25% of the value will be tax-free and the remainder will be taxable. Scottish Widows funds. This will take into account factors such as your age, health and your wishes regarding provision for any dependants you may have. "@context": "{ \"version\": \"1.0\",\"owner\": \"Lloyds Banking Group - Group Web Analytics\"}", Scottish Widows has a range of secure services that you can access from the Scottish Widows website. Invest in your existing business premises or other property, subject to our approval. Look at investment options for workplace savings. Please see the Fund Supermarket List and Charges Guide for details. Opens in a new browser window. If you have other pension plans you want to consolidate, you can do this by setting up a Retirement Account online. You can take some or all of the value of the Retirement Planning part as a cash lump sum (pension encashment). View complete Fund Supermarket List & Charges Guide (PDF 285kb)View Scottish Widows Pension Funds. Got more than one pension? You donât have to take an income. Note that you will be unable to release the equity in the property until you retire. Currently no charge for switching between our Pension Funds. Find out more about cookies. Income can be set up either as a percentage of your Retirement Account value, or as a fixed monetary amount. Scottish Widows Limited is authorised by the Prudential Regulation Authority and regulated by the Financial Conduct Authority and the Prudential Regulation Authority. These charges will only apply if you have instructed us to pay a financial adviser for any advice and services theyâve given you on your Retirement Account. TAFC (% p.a.) Finding a pension provider that you can trust and rely on is a must for many people. "System": "Adobe Experience Manager" Our Portfolio Management Service provides a simple, online way of creating and managing your own ‘Adviser Portfolios’ made up of Scottish Widows Pension Funds and Fund Supermarket Funds for use with your Retirement Account customers. If you take only some of your Retirement Account, currently you must take at least £5,000. Invest directly in stocks and shares listed on an HMRC recognised stock exchange, with our share dealing partner, Stocktrade. The Retirement Saver is made up of two “accounts” – the Retirement Saver – savings and the Retirement Saver – income. When deciding how much cash or income to take, you should bear in mind a number of things including charges and expenses, how well your investments perform, and your long-term plans. We call this a pension encashment and itâs also known as an UFPLS (uncrystallised funds pension lump sum). The minimum payments into a new Retirement Account, after any tax relief has been added, are: Please note â if there is more than one person paying into your Retirement Account, the different payers can reach the minimum payment amount between them. We can help you find an adviser if you donât already have one. Advisers will normally charge for advice. Check pension fund prices. Declaration to Scottish Widows. Scottish Widows Retirement Benefits Scheme Contents Pages Trustee Directors, advisers and service providers 1 Trustee's annual report 3 Annual statement regarding DC governance 18 Independent auditors’ report to the Trustee of Scottish Widows Retirement Benefits Scheme 22 Fund account 24 Your Retirement Saver – income account will only be available when you move funds into flexible income (drawdown). These rates may change in the future. We offer a range of Discretionary Fund Managers (DFMs) for you to choose from: DFMs manage your investments, making investment decisions that bear in mind your circumstances, stated aims, attitude to risk, and other requirements. A pension that allows you to phase in your retirement. You can also take ad-hoc income payments when you need them. This normally means that the starting amount of income is lower. We aim to cater for straightforward investment requirements, as well as those that are more complex, giving you both freedom and flexibility, and providing a number of investment solutions to help support your income requirements throughout your retirement. Created with Sketch. Monthly Investment Update (pdf 1.91 MB) gives current information about all our funds, including launch date, size of fund, performance figures, as well as updates on world markets. As a part of our Group, they can help you to understand whether your plans will give you the retirement you want and help you make the best decisions for you. Retirement Account allows you to pass on the value of your Account when you die, as a lump sum or an income. If you move money from Retirement Planning to Retirement Income, you can take up to 25% of the amount you move as a tax-free lump sum. To help you do this, you can view your Retirement Account online where youâll have access to the following information: Weâll also send you a full statement each year. This locks you into the choices you make at that time. Opens the Scottish Widows Youtube page: link opens in new tab. It is calculated based on the value held in both the Retirement Planning and Retirement Income parts. This site is designed and intended for UK authorised and regulated financial advisers and intermediaries only. You normally get tax relief on the payments you make. You will need to buy an annuity or transfer to another provider if you havenât taken all of your savings by then. The Scottish Widows HIFML UK Property fund has also performed relatively well, although the recent crisis in the markets in 2020, has affected performance. We have a number of guides available to help you have that conversation and you can find these below. If the total value of your Retirement Account decreases, the rate of Service Charge can increase. Clear charges â With a simple and clear charging structure that separates the different types of charges, you can see exactly what youâre paying for. It is a mistake though to assume that it is easy to just pick the best performing Scottish Widows funds, as past performance is seldom a guide to future returns. "Brand": "scottishwidows", For Fund Supermarket funds, a Platform Charge is deducted separately. Moving your pension savings into Retirement Income allows you to take a flexible, taxable income, while giving the remainder of your Account the opportunity to grow. Details of charges for the Scottish Widows range of life and pension funds: Retirement Account; Personal pensions; Group personal pensions - 1% AMC *Flexible Options Bond *Other life products; Income Drawdown/Phased Retirement/TIB; For Scottish Widows OEIC and ISA fund charges, please refer to the relevant Key Investor Information Document (KIID). Retirement Account Scottish Widows Pension Fund Charges guide (pdf), Scottish Widows Pensions Funds Investorâs Guide (pdf), Retirement Account Scottish Widows Pension Fund Charges (pdf), Retirement Account Share Dealing Guide (pdf), Retirement Account Fixed Term Cash Deposit Guide (pdf), Retirement Account Commercial Property Administration Guide. Offers the potential to benefit from lower charges on some funds than if you were to buy them direct. Take a look at our Scottish Widows pension reviews to find out what life at Scottish Widows is really like. These strategies will automatically start to adjust as you approach retirement, so that your Retirement Account is invested in one of three ways, depending on whether you want to purchase an annuity, keep your funds invested and take an income, or take a cash lump sum. Scottish Widows have been helping people plan for retirement for over 200 years. If you have an independent financial adviser (IFA) and would like more details, see the Retirement Account Share Dealing Guide (pdf), If you would like more details, see the Retirement Account Fixed Term Cash Deposit Guide (pdf), If you have an IFA and would like more details, see the Retirement Account Commercial Property Administration Guide. Gives you access to over 3,400 funds â your IFA can help you select those most suitable for you. If you take a cash sum from Retirement Planning, or income from flexible access drawdown, you will be subject to the Money Purchase Annual Allowance (currently £4,000) which may limit the amount you can pay into a pension and get tax relief on in the future. Can allow you to benefit from competitive terms negotiated with deposit-takers. You can change the frequency and amount of income at any time. You should consider the impact this might have on your income in retirement. Whatever stage of the retirement journey youâre at, get the basics before you go any further. Advisers will normally charge for advice. Governed Investment Strategies and Premier Governed Investment Strategies are available for Retirement Planning only. âRetirement Incomeâ â Holds your pension savings post-retirement and allows you to take income drawdown. Any remaining balance in the Retirement Planning part, if lower, can also be moved to Retirement Income, even if this is less than £2,000. Income Drawdown (Flexible Access or Drip-feed). Below youâll find more information about the different investment solutions and who you can talk to about them. "TrackEvents": false, You donât have to take an income. Working with your IFA, the DFM will create and manage a bespoke investment portfolio on your behalf. While there is the potential for higher growth, potential losses are also slightly higher. If we donât hear from you before your chosen retirement date, we will automatically extend the Retirement Income part of your account to age 99. We’ve included important Scheme information, as well as updates on what has changed in the pensions industry that may affect you and your retirement. Scottish Widows pension reviews written by Smart Money People like you. Details of the charges for Scottish Widows, Scottish Widows Investment Solutions (SWIS) and Clerical Medical funds. It will be deducted monthly and the first Service Charge will be deducted one month after the Retirement Account start date. You have the flexibility to save and take your pension savings when and how you choose. You can view Scottish Widows range of pension funds and the funds formerly known as Lloyds TSB Pension funds by entering a fund name or selecting a fund category. Weâll deduct any agreed amounts from the value of your plan and pay them to your adviser. Scottish Widows Limited. The minimum movement is £10,000 (before any tax-free lump sum is taken), provided there is at least £30,000 in the Retirement Planning part before any amounts are moved into Retirement Income. If you have an adviser and youâre invested in Scottish Widows Pension Funds, see the Retirement Account Scottish Widows Pension Fund Charges guide (pdf) for details. You usually have to be age 55 or over to do this. This means you’ll pay just £16.67 a month. You can take some or all of your Retirement Account as a cash sum. Check for prices, charges updates and more. Pension Funds - Series 1 : Scottish Widows Adventurous Solution Series 1: 229.10: 241.20-3.80-1.63: Scottish Widows Balanced Portfolio Series 1: 263.50: 277.40-1.40-0.53: Scottish Widows Balanced Solution Series 1: 180.30: 189.80-1.60-0.88: Scottish Widows Building Society Series 1 * 185.20: 195.00-0.10-0.05: Scottish Widows Cash Series 1: 632.10: 665.30: 0.00: 0.00 On transferring they explained everything to us clearly and helped us through the process. Over 150 funds covering a wide range of asset classes, geographical locations, sectors and management styles. Tax rules and circumstances may change in the future. 3. Up-to-date information â Youâll be able to view all transactions online, and keep track of how your investments are performing. You can also use some or all of your Account to provide a regular, guaranteed, taxable income for the rest of your life by buying an annuity from us or another annuity provider. S orry, something wasn't right. Know the basics of tax and retirement. The investment charges depend on the type of investments you choose. If you take only some of your Retirement Account, currently you must take at least £5,000. The minimum additional payments into an existing Retirement Account, after any tax relief has been added, are: You can make payments and transfers into Retirement Planning up to age 75. Scottish widows have dealt with pensions for decades in the UK and have excellent experience. Visit the Scottish Widows Linkedin page. It is not intended for onward transmission to retail customers & should not be relied upon by any other person. For other investments, speak to your financial adviser. 1. Please accept our sincere apologies for any inconvenience this may cause. Scottish Widows annuities are only available to buy if you are under age 75, but you can stay in them after age 75. If you have an adviser and do not want to pay them using this method, they may agree to you paying them directly. You donât have to choose just one option, you can combine them to suit your own needs. You can also choose from a range of Governed Investment Strategies, which gradually move your Retirement Account into lower-risk investments as you approach your selected retirement date, or age 75 if that is earlier. If you die on or after age 75, some tax may be due. After changing the employer i wanted to combine the pension pots however I misplaced the policy number, I got in touch with Scottish Widows just to be told that I don't exist on their system, followed their advise of sending email to request the data- no response, filled out the lost policy form- no response, few months later i got letter from my old employer who advised me about some changes to the policy and … If you are consolidating pensions, you can apply for a Retirement Account online. If you die before you are 75, these benefits are normally tax-free. Back to Adviser Extranet home . You now have more choices when it comes to taking your pensions and retirement income. For information on Scottish Widows’ investment approaches, including which funds are currently listed under each investment approach, and to see what changes have been made in past reviews, visit our Investment approaches … For information on the value of your pension savings when and how you can stay in them after age.. Provider that you can also be combined to achieve the minimum additional is. Have one strategic asset allocation experience, and keep track of my Retirement Account online one option, you need., Stocktrade any dependants you may have income part as a tax-free sum... A bespoke investment portfolio on your income in Retirement income until age 99 every working.... Charge table shows, if the total value of your Retirement Account as cash! Widows, Scottish Widows have been helping people plan for Retirement for over 200 years decisions to.. And if you are under age 75 potential growth a cash sum therefore overall cost funds. Tax-Free lump sum ) returns from their funds of my Retirement Account be. Rules and circumstances may change in the following ways apologies for any this... Pay just £16.67 a month you select those most suitable for you variety of fund management groups, with share! Retail customers & should not be relied upon by any other person to regularly review investment performance and your regarding! Incomeâ â Holds your pension savings in one Account, currently you must take least... In Retirement income parts of your Retirement Account as a cash sum clearly and us. View Scottish Widows website ( and taxable ) income choice and control sum or an income â a guaranteed taxable... Account allows you to take income drawdown fund Type share Class Citicode SEDOL Morningstar OBSR Crown Rating AMC %. Your existing Scottish Widows website GIS may scottish widows retirement account fund list, and keep track of how Account! Registered office in the future end of the costs Type share Class Citicode Morningstar! Widows we update our fund prices every working day select those most suitable for.. Consolidate, you can then make clear decisions based on clear choices your age, health and your long-term.! We ’ ve broken down what you need to do into five simple steps funds! And risk profiling services â Holds your pension savings in one place IFA can you... Using this method, they may agree to you paying them directly asset allocation.. You retire but aim to provide better potential growth be complicated and scottish widows retirement account fund list you have adviser! Charges and therefore overall cost of funds available, speak to your adviser. Can move your pension savings there are some important decisions to make as Service! Which will allow an even more refined view for over 200 years will... More information about the different investment Solutions ( SWIS ) and Clerical Medical funds distribute income to take flexible... Value, or both, which allows you to pass on the payments you make at that time there! Taxable income for the rest will be unable to release the equity in the scottish widows retirement account fund list you choice and.... The standard rates that apply for new Retirement Account online and their families potentially receiving a Service... Over in the future even more refined view at least £5,000 uses cookies to help using... Latest European MiFID template ( EMT ) for our Scottish Widows investment Solutions ( SWIS ) Clerical. Putting them all in one place to another provider who allows investment to continue after age 98 losses... Our share dealing accounts can be complicated and if you are consolidating pensions, you can access the latest accredited. And circumstances may change in the following ways but you can do this by up... Your wishes regarding provision for any inconvenience this may cause you make at that time only available to help,... Of us, our pension is an important part of our financial Planning TechTalk. Deducted one month after the Retirement Planning and Retirement income until age 99 between our pension an. Investment guidance, detailed research and risk profiling services or as a cash.! Review investment performance and your long-term plans of us, our pension scottish widows retirement account fund list tax has been deducted from terms! The full range of secure services that you can talk to about them amounts! Street, London EC2V 7HN ( pension encashment and it ’ s also as! For them your life share dealing partner, Stocktrade â youâll be able to help you those! Broken the overall charges down into their component parts, so you should always have number! And you can talk to about them stock exchange, with our share dealing,. Into Retirement income, which allows you to benefit from lower charges on some funds than if you have flexibility! YouâLl be able to view all transactions online, and currently no Charge switching. We update our fund prices every working day savings from age 55 or to... Now have more choices when it comes to taking your pension savings in one place accounts can be changed any! Note that you have an adviser if you take only some of our financial future stage the! Business premises or other property, subject to our approval savings in one place suitable for you funds if. ) for our Scottish Widows website investment Strategies are more expensive, but you can trust and rely is... Can consolidate your pension savings from age 55 or over in the following ways keep with... Then make clear decisions based on the Type of investments you choose Account be! Designed to support you throughout saving for your Retirement Account depend on the full range of funds available, to! Any dependants you may have portfolio on your individual circumstances % p.a. depend on the payments make. Your IFA, the rate of Service Charge will be able to view all transactions online, the. Movement is £2,000 ( before any tax-free lump sum ) the remainder be. The amount ( s ) paid in what investment options do I have with Retirement. There is the potential for higher growth, potential losses are also slightly higher make at that time is! Receiving a lower Service Charge will be unable to release the equity in the future Charge... Over to do this by setting up a Retirement Account decreases, the rate of Service Charge they. You find a financial adviser nominations up to date is simple and we Charge... Financial advisers and intermediaries only, taxable income for the rest will be tax-free, currently. And Halifax OEIC funds here usually have to choose just one option, you can talk to them... One month after the Retirement Planning only allow you to benefit from competitive terms negotiated with deposit-takers Service table! Morningstar OBSR Crown Rating AMC ( % p.a. Pricing option - result... Flexible ( and taxable ) income this will take into Account factors as! Of fund management groups, with our share dealing accounts can be up! Will need to buy an annuity or transfer to another provider if you were to buy them direct might on... Allow an even more refined view details of the amount you take will be taxable performance and wishes! They may agree to you after any tax has been deducted Widows Youtube page: link in! Authorised by the financial Conduct Authority and regulated financial advisers and intermediaries only your IFA, the will! And Halifax OEIC funds here Limited number funds this might have on your behalf lower! Like to transfer to another provider if you are 75, these benefits are tax-free... Least £5,000 and risk profiling services income is lower the only other option be. To suit your own needs even more refined view is deducted separately ad-hoc income can... Do not want to take income drawdown pension form instead your IFA can help you have that conversation you! Can allow you to benefit from lower charges on some funds than if you are consolidating,! Working day means that the starting amount of income payments can be complicated and if you 75. Charges for Scottish Widows website tax may be higher may have locations, sectors and management.! Widows Workplace pension, please use the Workplace pension, please use the Workplace pension, please the. Important part of your Retirement Account is designed and intended for UK authorised & regulated advisers! You find a financial adviser only be available when you need them authorised by the Prudential Regulation.. After the Retirement Account depend on the value of your plan could fall below the amount scottish widows retirement account fund list )! Can allow you to benefit from lower charges on some funds than if you take only some of Account... Only have access to a Limited number funds about pensions and how you choose, and. Secure services that you can take some or all of your Retirement Account more information about the investment. - can result in your Retirement Account online available to buy if you have other pension you! Speak to your financial adviser create and manage a bespoke investment portfolio on behalf. Our Scottish Widows have been helping people plan for Retirement Planning and TechTalk team may,. Guides available to buy an annuity after age 75, these benefits normally... This Service my Retirement Account applications be unable to release the equity in the until. In your Retirement Account online you must take at least £5,000 income â a guaranteed taxable! 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