. Plus our handy FAQs provide more detail on the lifetime allowance removal. To take your search further, there are other sources you can use that are ready and willing to help. This page helps you to manage your Royal London pension product as an existing customer. Call us for help with an existing individual pension plan. about The tax rules when you want to take money from your pension, about The new state pension - your questions answered, about How to make sure the right person gets your pension when you're gone, All Illness and Income Protection products, Understanding different types of life insurance, Power up your pension with a single contribution, How to read your payslip: pension deductions, Understanding your pension and investments. For information about your RL(CIS) pension product and details of how to make further contributions. Royal London pledges adviser support around consumer duty - FTAdviser Consumer duty Mar 8 2023 Royal London pledges adviser support around consumer duty Barry O'Dwyer, group chief. We cant personalise how much tax you might pay, but we can give you some general information about how tax works. We call it Pension Portfolio and its available by talking to your financial adviser. The easiest way to get in touch with us is to use our personal pensions contact form. Welcome to Royal London We're the UK's largest mutual life, pensions and investment company, offering protection, long-term savings and asset management products and services. Depending on what you've got with us, you'll be able to see your plan details, documents and more. Self Investment Switch on application form (PDF). Here youll find a quick guide to the different types of pension and the benefits of saving for retirement. Pension Portfolio Pension Portfolio offers great flexibility, an integrated drawdown facility and access to a wide range of investment options. We understand there's no single recipe for a successful retirement. Registered in England and Wales, company number 99064. Theres lots to think about when it comes to transferring your pension savings. If you don't already have a financial adviser, there are a number of directories that you can use to search for one in your area and according to their specialisms. Log in to view and manage your account online. If your personal details or circumstances change, please get in touch to keep us up to date. Phone0345 603 0154 (press option 1 to speak to a member of the team). Find the answers to some frequently asked questions about pensions. Some 400,000 Aegon customers will see their life insurance, critical illness and income protection policies transferred to Royal London as a result of the sale, which is subject to court approval. We want our pension schemes to have a positive impact on our customers. Here youll find a quick guide to the different types of pension and the benefits of saving for retirement. You can find it on paperwork we've sent you and might be called your policy, plan or scheme number or reference. As a proud, modern mutual we're able to take a longer-term view. Look out for your voting pack arriving soon and dont miss out on having your say. 2) Is something like vanguard LS a good plan with much less cost? Benefits of our personal pension Put in what you like Beyond our minimum levels, tell us how much and how often you'd like to save. Links to client online forms will open in a new window. Royal London House, the new office of mutual insurer Royal London, has been officially opened in Alderley Park, Cheshire today by Chancellor of the Exchequer, The Right Honourable Rishi Sunak MP. Check how for get in hint if to was one of diese plans. Whether youre starting up or winding down, were here to help. When the new state pension was introduced for those reaching pension age from 6th April 2016 it was intended to be much simpler than the system it replaced. But just because your policy isnt with us, doesnt mean all is lost. It provides life assurance and pensions. Complete to add a new ongoing adviser charge, change a previously agreed ongoing adviser charge, or stop an existing ongoing adviser charge from being deducted. Copyright (c) 2023. International Adviser covers the global intermediary market that uses cross-border insurance, investments, banking and pension products on behalf of their high-net-worth clients. The Royal London team has a real focus on building successful, mutually beneficial relationships, and Im really looking forward to playing my part in contributing to that, he added. They have charges of 0.22% a year, so 242 on your 110,000 pot.All in, if you wanted to DIY the pension with Vanguard youll be looking at around 407 a year (0.37%) half that of Royal London.This is not a recommendation, and you should always do your own research (Boring Money have done lots of comparisons in this area), however they do offer a very low-cost solution for people that feel comfortable and have the knowledge to manage their own pension.As a financial adviser myself, I would urge you to have a candid conversation with your adviser before making any decision to move away. The Royal London Mutual Insurance Society Limited is authorised by the Prudential Regulation Authority and regulated by the Financial Conduct Authority and the Prudential Regulation Authority. Qualifying in 2004, Katie has over 18 years experience advising individuals, families, trustees and business owners across Cheshire and north Wales. To get the best experience when using this site, please update to the most recent version. We recommend that you speak to a financial adviser before making any changes to your plan. Advisers may charge for their services - though they should agree any fees with you upfront. Normally, 25% of any money you access is tax-free and the rest will be taxable. I am concerned at the ongoing cost of his services, approx 1100 plus the cost of Royal London approx 900. Remember the value of investments can down as well as up and you could get back less than you put in. The UK life, pensions and investment mutual has appointed Ronnie Binnie as head of strategic partnerships. Our monthly performance updates for our range of funds and portfolios help you keep a close eye on your investments. The guidance service provides information on a wide range of issues to help you make decisions yourself. about The tax rules when you want to take money from your pension, about The new state pension - your questions answered, about How to make sure the right person gets your pension when you're gone, All Illness and Income Protection products, Understanding different types of life insurance, Power up your pension with a single contribution, How to read your payslip: pension deductions, Understanding your pension and investments, I'm already saving into a personal pension, I'm joining my employer's workplace pension, I'm interested in transferring my pension. Search for the correct pension application form. Core working hours are 10am - 4pm, you'll agree a 35 hour per week working pattern with your manager, with a minimum of 6 days per month in the office Location: Regent's Park, London and home. In addition to these responsibilities, he was named equity partner of the group in 2018 and head of PAM London in 2022. 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. I am a Chartered Financial Planner at Capital Asset Management, a boutique financial planning and wealth management firm based in the City of London. Whether you want to protect your family, your house and mortgage or just leave something after you're gone, we've got a life insurance policy to fit your needs. Take a look at our range of guides, articles and practical support. You mention Vanguard Lifestrategy, so lets assume you pick one of those funds. You can reset your password quickly and simply by using password reset online form. If you're phoning us about someone else's plan or policy, you'll need to give us the policy number or plan reference on the statement when you call. If you're having a hard time or there's a way we could make it easier to communicate with us, we can help. The Financial Times and its journalism are subject to a self-regulation regime under the FT Editorial Code of Practice: the individual protection book of Aegon UK. All rights reserved. Complete if making regular contributions to your plan by Direct Debit. Registered office: 80 Fenchurch Street, London, EC3M 4BY. Beyond our minimum levels, tell us how much and how often you'd like to save. Complete to apply an additional contribution and to release tax-free cash from your existing Pension Portfolio Plan with Income Release.