Our workplace pension
Simple to switch to and easy to administer with dedicated ongoing support for you, and your employees
We're committed to giving you and your employees the very best experience. That's why we focus on delivering standout service and support at all times, to ensure you both get the best value from your scheme.
What to expect from a Royal London workplace pension scheme
Our workplace pension scheme has a range of benefits for you and your employees.
Our great service is industry recognised and has been voted 5 stars by advisers. You'll have access to personal support and guidance to make sure your scheme is set up for success from day one. Plus our online service is designed to make it easy for you to manage the day to day running of your scheme, and keep on top of your employer duties.
We believe strong engagement and communication can help drive positive financial futures.
We'll work with you to create a strong employee communication plan, to initially raise awareness of your new scheme and encourage regular engagement and action longer term.
You'll have access to a range of communication resources to share with your employees. And because it helps increase employee engagement with your scheme, we'll add your branding to some of these items - at no extra cost.
When it's time for your employees to retire, they'll have a range of retirement options to choose from, one of these options being our income drawdown plan.
Our income drawdown plan, Income Release, gives them the flexibility to take a regular income when they need it. It has a 5 star Defaqto rating and offers a range of tax-free cash and income options.
Our workplace pension default investment option comes with governance as standard.
So you can feel confident your scheme investments are being reviewed regularly, and will be fine tuned if needed, to help ensure they continue to deliver in line with expectations.
You can set up a contribution structure that’s competitive and rewards your employees appropriately. You can also choose to introduce a salary exchange arrangement.
What else can you expect from us?
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We're committed to supporting you and your employees
Our dedicated implementation team will be on hand throughout the set-up period and beyond to help ensure everything runs smoothly. They'll provide training and personal support to help set up your scheme, and keep things on track.
And if you're moving your scheme from another provider, our team of transfer experts can manage the transfer of your employees' pension savings. - We aim to help your employees build their financial resilience
Available to all our workplace pension scheme members, our financial wellbeing service, at no extra cost, gives your employees access to ongoing financial education and guidance whenever they need it - helping them improve their financial knowledge, confidence and wellbeing.
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We share some of our profits with your employees
When we do well, we aim to boost members' pension savings by adding a share of our profits to their plan each year. We call this ProfitShare. -
The power of our mutuality
We aim to give our customers a positive financial return while moving fairly to a sustainable world. Each year, our investment experts vote at company meetings with the aim of promoting good corporate governance, influencing change and encouraging best practice.
How to switch your workplace pension scheme to us
We want to ensure moving your pension scheme is the right move for your business. That’s why we only sell our products through financial advisers.
Speak to your financial adviser about switching to Royal London. If you don’t already have an adviser, there’s a number of directories to help you find one in your area.