The secret life of your pension

Pensions don’t need to be a mystery. We want you to know how your pension works, so you understand that by paying into one, you’re investing in a better future for yourself and hopefully for society too.


Where does my pension go?

Find out what happens to your pension contribution after it leaves your pay.

Find out more  about Where does my pension go?

How is my pension invested?

Learn about how we balance risk, return and responsibility when investing your pension.

Find out more  about How is my pension invested?

Is my pension invested responsibly?

Find out which companies we invest in and how we try to influence them to behave responsibly.

Find out more  about Is my pension invested responsibly?
The Journey of your pension money infographic. This image is an infographic and has alternative text available if you are using a screen reader.

The journey of your pension money

Step 1

Yes! Payday!

An exciting day for you and your pension, too…

Step 2

When you’re paid, some of your money goes into a pension fund… the government and your employer add into this fund too.

Step 3

But I thought my pension was just like my savings account? Wrong.

Step 4

While you’re enjoying your payday treats, your pension money is off on its own adventure…

Step 5

It’s used to buy things like bits of companies, buildings and bonds. In other words, it’s invested. And over time if these grow and do well, your pension does too.

Step 6

That means that your pension is working just as hard as you are…

Step 7

… so when you’re ready to retire, you’ll hopefully have enough cash to pay for the lifestyle you want.

Step 8

It also means you have a share in these companies and we can influence how these companies are run on your behalf.

Step 9

So, your pension also gives you power to help change the world for the better.

Nice one, pension!

Remember, investments can go down as well as up and you might not get back all the money you paid in.

Download our mobile app

If you've taken out a pension plan with Royal London since 2004 or previously with Scottish Life, you can download our mobile app to view your pension plan whenever you like.

For full details on eligibility and more about the app visit our mobile app page.

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Responsible investment at Royal London

As the UK’s largest mutual insurance and pension provider, we’re committed to being a responsible investor.

Find out how we use our influence to bring about change in the companies we invest in in our Responsible Investment section.

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