What is flexible access?
Flexible access lets you access your pension savings as and when you need. This could include:
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- Taking all or some of your tax-free cash
- Setting up a regular income
- Making withdrawals when you want
If you’re looking for flexible access, you’ll need to transfer to a new pension that allows you to do this.
What are your options with us?
ReAssure is part of the same group of companies as Standard Life. We have a simple process to transfer your ReAssure pension to Standard Life’s Active Money Personal Pension.
With a Standard Life Active Money Personal Pension you can:
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- Take your tax-free cash and set up a regular income
- Transfer in other pensions
- Manage your plan online, or call UK based pension experts
If you choose Standard Life, your ReAssure pension savings will transfer to your new pension and your ReAssure pension will close.
If you have an existing Standard Life pension, please call us on 0800 073 1777 to discuss your transfer options.
What are your other options?
Other pension providers offer flexible access so you should shop around before you decide.
Remember, the government’s Pension Wise service provides free pension guidance or you may wish to take financial advice.
Things to think about
If you’re choosing flexible access, your remaining pension is invested so could go down as well as up and may be worth less than was paid in.
It’s important to review your pension investments and manage your withdrawals so your money lasts.
Transferring is not right for everyone. Please see your last statement or retirement options letter for key considerations when accessing your pension.
