Pension
All employees will be auto-enrolled into the Company Pension Plan, operated by Scottish Widows, at the start of their employment. If you wish to opt out of the pension scheme details of how to do so will be sent to you within your joining pack.
You can directly access your Scottish Widows Company Pension Plan savings information, together with helpful materials to support you consider your retirement savings and future outcomes. Understanding even the basics of your Company retirement savings with Scottish Widows is important, as what you save now will ultimately impact on both when and how you may wish to utilise these savings in future.
To do so, please refer to the attached short Scottish Widows Guides:-
- Infosite – This includes the Plan website address and directs you to where you can find key Plan documents and investment information, as well as how you can login to Money4Life and your personal plan information.
- Money4Life – This summarises how to register and login, access the investment risk profile and consider whether your existing Plan investments are appropriate, and how to view and use your personal fund information in considering your retirement goals. It also directs you how to update any personal details, amend your existing Plan selected retirement age and investments, as well as access your Plan documents and transactions, and your current Plan fund valuation.
- Your Future at Your Fingertips poster – This directs you to https://www.scottishwidows.co.uk/your-future-planning which simplifies and provides support in three easy steps:-
1. What have I got?
2. Am I on track?
3. What do I do next?
- Helping You Towards Pension Wellbeing guide – Linked to addressing these three easy steps, the guide provides practical information relating to the basics you need to know. It also directs you to where to easily access further support and information relating to each topical area. If you use a smart phone, the guide includes access to free “Zapper App” technology, which enables you to scan the Zap Code included in the guide to readily access a particular area of interest.”
We encourage you register online if you’ve not already done so, to allow you to readily access the valuable information and resources available, as well as updating Scottish Widows on any changes in your contact information like address or e-mail address.
You can also access contact details for Scottish Widows on the site if you wish to contact them with any other questions about your pension scheme.
These guides, and the links to access them, are also available on Cascade in the documents section.
If you would like to learn more about pensions generally, there are a number of sources of information, which you might find helpful:
Money Advice Service
T: 0300 500 5000
Pensions Advisory Service
T: 0845 601 2923
www.pensionsadvisoryservice.org.uk
