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All about our personal pension

We understand there's no single recipe for a successful retirement. And that your needs and goals will often change as life unfolds.

We've packed our personal pension full of flexibility. So you can enjoy the freedom to adjust things as and when you need to.

We call it Pension Portfolio and it’s available by talking to your financial adviser.

Benefits of our personal pension

Put in what you like

Tell us how much and how often you'd like to save. Your money is invested, the value can go down as well as up and you may not get back what you put in.

Find out more  about Put in what you like

Keep an eye on things

Our online service makes it easy for you to make changes to your plan and keep an eye on your pension savings whenever you like.

Find out more  about Keep an eye on things

Integrated drawdown

Drawdown is an option that lets you access your pension savings as and when you need it. We call our drawdown option Income Release.

Find out more  about Integrated drawdown

We're making mutuality meaningful

From voting on the way we run our business, to aiming to boost their pension savings through ProfitShare, we want our customers to feel the mutual benefit of being with us.

More about mutuality  Learn more about Royal London's Mutuality

Next steps

If you think that our personal pension could be right for you, the next step is to speak to an independent financial adviser. They can give you personalised advice and recommendations to match your individual needs and circumstances.

If you don't already have an adviser, you can find one here.

Find a financial adviser   The value of financial advice  

Transfer your pension

There’s lots to think about when it comes to transferring your pension savings.

So we’ve put together some important information about what you need to think about and whether a pension transfer might be right for you.

Learn more about pension transfers  

Learn about pensions

State Pension age increase

From April 2026 the state pension age will start to increase to 67. The rise will be phased over a two-year period completing April 2028. Learn how this could affect your pension.
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How your pension is taxed

This guide looks at the tax breaks available when you’re building up a pension pot and what happens when you start to take money from your pension.
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Are pensions invested?

The money saved into your pension is invested by your provider to help fund your retirement. Learn more about how it is invested, where and the risk involved with this.
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Pension Credit

A guide to what Pension Credit is to help you understand if you qualify, what you might get and how to apply.
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How to check your State Pension forecast

For most people, the State Pension is an important part of their income in retirement . But our research shows that only half of pensioners who get the new State Pension (those who claim their State Pension from April 2016), got the full amount.
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Pension Transfer Charges and Fees Explained

Before transferring a pension, it’s important to understand the different charges you’ll pay. Here we look through what those charges are so you can see if a pension transfer is right for you.
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Pension Transfers Explained

A pension transfer is the process of combining a pension from one or more providers into another pension plan.
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What happens to my pension when I die?

Depending on the type of pension, when you die your partner, spouse or other beneficiaries may be entitled to your pension. Learn what will happen to your pension with our guide.
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Benefits of making a one-off pension contribution

Whether you’ve saved some extra money over the last year or you’ve just received a bonus, there are many reasons for paying a lump sum into your pension.
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Can you leave a pension to your children?

Secure your family's future: Discover how to pass on your pension to children without substantial taxes. Learn about inheritance options today
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What is a pension & the different types

What is a pension? Learn its importance & how it secures your financial future. Visit Royal London today to find out more

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Frequently asked questions about your Protected Pension Age options

Here you will find answers to your frequently asked questions about your Protected Pension Options (PPA) if we have contacted you regarding a pension transfer with a PPA.
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How to boost your pension pot

'Discover how to increase your pension contributions to help boost your pension pot and fund your retirement.

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Why you should save into a pension early

Enjoying a comfortable life once you hit retirement age is an aspiration for many of us. One of the ways you can plan for this is to start saving for a pension.

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State Pension: What It Is & How It Works

The State Pension is a regular payment most people can claim from state pension age. Find out what you’re entitled to, and when you can start claiming.
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Pension basics

Find out the answers to your pension questions - how do they work, what is the state pension, tax relief and how transfers work
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Should I transfer my pension, three things to think about

Are you thinking about making a pension transfer from one pension company to another? Read on to learn about the key things to consider when making a decision.
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Pensions Explained: your questions answered

Find the answers to some frequently asked questions about pensions.
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Is your pension protected?

While it’s rare for people to lose their pension, or get less than expected, if things go wrong, it’s good to know what protection is in place for your pot.
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Glossary of pension terms

Get to grips with pensions and retirement jargon with our handy glossary of some of the most frequently used pensions terms.
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Are you entitled to any unclaimed money?

Billions of pounds are lying unclaimed in pensions, policies, accounts, investments and prizes across the UK. Is any of it yours?
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Pension tax relief

Pension tax relief can seem like an alien concept, but it pays to make the most of it.
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Pension allowances explained

There are limits on the amount you can invest in pension plans without being subject to a tax charge. These limits are known as the annual allowance, the tapered annual allowance, the money purchase annual allowance.
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