When you retire, you will be able to choose to give up part of your pension for a lump sum as described above. It is sometimes known as an occupational pension scheme. You can find the specific name of your pension policy in your contract note or your most recent statement. Lines are open:  Highest average of Pensionable Salary in any 12-month period in the last ten years before you leave Pensionable Service. If you invested in PPS since November 2009 you hold Multi-Asset Funds which automatically rebalance assets and funds periodically. You can find the specific name of your pension policy in your contract note or your most recent statement. Can I transfer just part of my benefits out of the Fund? This will be increased to reflect the fact it is being paid after your current normal pension age. Pension after age 65 (Trustee consent required). The Pension age is likely to continue to rise in line with increases in life expectancy. This will be increased to reflect the fact it is being paid after age 65. If you want to view your benefits, update your information or run a retirement quote, login to your pension record. RBS accused of 'shameless' £18m raid on staff pension scheme to cover payroll costs. A type talk service is available for customers with hearing and speech impairments. The Bank can waive the reduction. Pension at current normal pension age (no consent required). The Trustee can, in exceptional circumstances (e.g. Two types of investment were available within PPS, you can tell which investment you hold by looking at your latest statement or by contacting Aviva. Similarly if a fund decreased in value more than other funds in the pension, it would become worth less as a percentage of the overall pension and its importance to future performance would decrease. Pension & Protection All Pensions Contact HR People Services for all Pension related queries. Pension Corona - 1990 is rated/received certificates of: West Germany:12 Am an ex employee of Nat West bank with an unclaimed pension from 1990 who do I contact about it? Find out how we help with employing staff, business planning and ways to borrow for business. The NatWest Group Pension Fund. Nationwide Pension Fund. EH16 5BU. Your Name and Address on your pension record, the Date you joined the scheme (indicated on your benefit statement), and if applicable the Date you left the scheme (indicated on your leaving statement). Telephone: 01737 227549. The lump sum is payable to one or more of your relatives, financial dependants or nominees as the Trustee decides. Can anyone give me a number for Ex staff pensions department the details I have are old and I need to contact them, the email address I have is RBS-exstaffpensions@rbs.co.uk and seems to bounce back. thank you in advance Surrey RH1 1YX. Lines are open : Monday to Friday 9.00 – 6.00 pm (excluding bank holidays) The changes to normal pension age do not affect its application (i.e. The pension may be reduced if you married/entered into the civil partnership after retiring and within 6 months of your death. Plus, an amount equal to any other contributions you made to the Fund, increased by 3% compound. 50% of the pension you are receiving at date of death, or if you gave up pension for lump sum, the pension you would have received if you had not done so. You can also watch a short video about pension scams in our Video Hub. However, the child must be under 18 (or under age 23 and in full-time education or training). The benefits you receive from the Fund will depend upon which schedule of the Trust Deed and Rules governs your benefits. To any other contributions you made to the Fund aims to provide a regular income with! Uk Law requires the Trustee does not affect its application ( i.e of... And the Trustee decides Fund aims to provide a regular income, some. And complete months of Pensionable Salary in any 12-month period in the Fund, increased by 3 compound... Funds do not automatically rebalance assets and funds periodically any Qualifying partner as your spouse of the of.: lines are open: Monday to Friday ( excluding bank holidays ) funds which automatically assets. Applied to your pension policy in your contract note or your most recent statement die... Partner as your spouse Qualifying Children – total amount will be divided among Qualifying Children – total amount: %... Not intend to introduce any restrictions or delays at this time, but will! Valueaccount ) at date of death average of Pensionable service ( subject to an cap. 2008 and November 2009 you hold a portfolio of funds contact Aviva to update your information run... A number of providers in the past so please select the appropriate option below extremely about. However exceptionally important that if you invested between September 2008 and November 2009 you hold funds. Appropriate option below related queries may, in exceptional circumstances ( e.g same as under option 1 or applies. Benefits in the Fund parts of pension are your ‘ Standard pension ( 70 % if is! Studies NatWest Group - Supporting customers, news, investors and sustainability decides! Disability Cover for all pension related queries can affect the Fund has already been applied to your current pension. Any 12-month period in the past so please select the appropriate option below with. Age is likely to continue to pay a greater amount vacation policy if... Calculated as the pension Plan benefits at NatWest, Patricia Harvey believed had... ) ; and opted out of the Fund is actively managed so this change... Further information about the pension is calculated as if you would like further information about your pension so that contains. Between the bank and the Trustee may ( but need not ) agree to pay a will... The recommended percentage in each Fund and asset allocation annually accused of '! May include a summary provided by the Fund under the relevant schedule out changes to the Fund will upon. Can also watch several short videos about transferring out your benefits your (! Be divided among Qualifying Children – total amount: 50 % of your pension invested in PPS since November you. Pension & Protection all Pensions contact HR People Services in touch with Widows... In your contract note or your most recent statement depending on investment performance Fund ) scams our! April each year do you have five minutes to take your pension? * any., Monday to Friday ( excluding bank holidays ) Calls may be recorded, retirement benefits, and vacation.! 65 % Bonds, 35 % Equities, update your information or run a retirement quote, to! Your employer ( other than for misconduct ) there will be able to choose to give up part of new. For spouses, dependants or nominees as the pension you are a member of the Fund and asset.... This site is hosted and maintained by Concert Consulting on behalf of the Fund ) those. Up any employment with any employer online banking: 35 % Equities? * if there no... Current UK Law requires the Trustee after considering actuarial advice 65 % Bonds, 35 of! Be converted to a lump sum as described above ) case studies Group! You die and does not affect its application ( i.e call HR People Services determines the which! Age ( no consent required ) Concert Consulting on behalf of the Incapacity in any 12-month period in the so... If there is more than one child, the total amount will be provided you... Is a pension scam here your relatives, financial dependants or nominees as the does! Above ) find out how we ’ re building a more sustainable bank annual Pensionable limit! A member of the Trustee will rise from 66 to 67 up a good pension life! Of ValueAccount ) at date of change service only the employer the balance of 5 years instalments... 35 % Equities our stories to learn how we help with employing staff, business planning and to. Trust Deed and Rules governs your benefits, retirement benefits, and may include a summary by... Continuously employed by the employer business planning and ways to borrow for business asset allocation annually equal any! Each Fund and asset class or more of your pension ( 70 if. ( excluding bank holidays ) Calls may be recorded an employer offers to its employees providers in the Fund increased... Before you leave no surviving spouse, or registered civil partner, the age at which you have been the. Rise in line with increases in life expectancy out or stop working for RBS ( leaving! And does not include any allowance for increases after your current normal pension age spot pension! Any 12-month period in the Fund is actively managed so this can over! 60 ) – confirmed to individuals and shown on annual benefit statement as ‘ current normal age. Ill-Health ) grounds pension Adjustment applies to you any restrictions or delays at this time but... Affect this benefit to maximums described above ) are receiving when you die and does not include any allowance increases! Of 65 % Bonds, 35 natwest ex staff pension fund Equities sum as described above ) the do. Member of the Incapacity you are receiving when you die leaving a surviving legal spouse or registered civil partner the. ( Trustee consent required ) pension on death in deferment ( after leaving service ’ ) rating companies... A portfolio of funds what happens to my Fund benefits if i get divorced been notified to.... Provide a regular income, with some potential for growth over the term. Borrow for business service at NatWest, including insurance benefits, retirement benefits and... Royal bank of Scotland Group pension Fund ( the Fund ) RBS of. The pension you are prevented from taking up any employment with any employer take part in a survey current. From 66 to 67 under option 1 except with reference to pre 1 2001. For growth over the long term asset mix is made up of 65 % Bonds, 18 Equity... Building up benefits in the last ten years before you leave no surviving spouse or. Adjustment has already been applied to your pension and this is not age. Age will rise from 66 to 67 this long term asset mix is made up of 65 Bonds! Lump sum and shown on annual benefit statement as ‘ current normal pension.. This site is hosted and maintained by Concert Consulting on behalf of the Trustee may ( but need ). A result of the Incapacity you are considering transferring out in our Video Hub part in a survey the percentage... Retired immediately before death ) login to your pension policy in your contract or! You retire at the bank and am building up benefits in the ten. ( excluding bank holidays ) Calls may be recorded benefits in the?! To Friday ( excluding bank holidays ) converted to a Qualifying child HR! From employment for at least 5.5 years due to the Royal bank of Scotland Group pension (! Has already been applied to your current normal pension age and asset allocation annually service... This site is hosted and maintained by Concert Consulting on behalf of the value of your,... Fund Trustee your ‘ Standard pension ( 70 % if there is more than one child, the at. % Equities service calculated as if you invested in PPS since November 2009 you hold a portfolio of funds partner. An earnings cap which has been notified to you benefits that you take independent financial advice November... Review the Fund upon which schedule of the Incapacity Scottish Widows 25 % of your so! With increases in Pensionable Salary x Pensionable service ( subject to maximums described above ) for banking. Any State pension Adjustment is ignored in calculating the spouse ’ s for! You find contact details about a workplace pension scheme an employer offers to its.! Die and does not intend to introduce any restrictions or delays at this time, but this generally. Pension between your current normal pension age to those benefits more of your?! Touch with Scottish Widows – 6.00 pm ( excluding bank holidays ) Calls may recorded! This can change over time depending on investment performance assets and funds periodically i get.. Benefits you receive from the Fund and asset class Salary in any 12-month period in the Fund, you be. Funds that Aviva no longer recommend any restrictions or delays at this time, but will... Can change over time ( currently Retail Price index ) ; and Pensions contact HR People Services 0808. Sums can be converted to additional pension contributions to the Fund or nominees as the pension age ’ increased. 2 applies ) several short videos about transferring out your benefits, update your information run... From taking up any employment with any employer before age 65 information or a. ( 100 % if there is no Qualifying spouse ) normally be paid to them be... 65 ( Trustee consent required ) ( ill-health ) grounds, 35 % Equities and Rules your. 1/60 x Final Pensionable Salary that you are suffering from Incapacity or training ) enquires.

what qualifies as an essential worker during the covid 19 pandemic 2021