Group & workplace pensions explained

These are likely to be pensions that are administered by your current (or a previous) employer. These workplace pensions are split into two different types of schemes:

Defined contribution, or money purchase, scheme

If you’re in one of these schemes, money paid into these is invested and could go down as well as up. This means the final value of your pension pot will depend on how much you’ve paid in, and performance of the funds you invested in (or the performance of the with-profits fund if you’re a with-profits customer).

If you want to know more about what you can do with your pension when you come to take your money you should read about your retirement options.

Defined benefit, or final salary, scheme

If you’re in one of these schemes, the money you pay in is used to provide an income that’s normally based on your length of service and salary at time of retirement. It used to be the case that most workplace schemes were defined benefit. However, they are now less common and opportunities to begin paying into one are relatively rare.

Safeguarded benefits

If you have a final salary pension, a Guaranteed Minimum Pension, or a pension with a Guaranteed Annuity Rate these are known as safeguarded benefits. It is important to note that in most cases, these benefits will be lost if you choose any retirement option other than taking an annuity with your existing pension provider. If you’re not sure whether you’ve got one of these pensions you can find out from your most recent annual statement.

Find out more about safeguarded benefits >

How we apply your terms and conditions

You can download a guide to help you understand your policy Terms and Conditions, which explains how these are interpreted in practice.

Download our guide to our terms and conditions

Are you a scheme trustee?

New rules means there are more things you need to tell your members.

Find out more about trustee duties

Auto enrolment

If your auto enrolment scheme transferred from Legal & General, you can find supporting information and useful links for both employers and employees using the link below.

ReAct for pension schemes

ReAct is our administration portal for schemes that were originally with HSBC or Legal & General. If you’ve registered to use ReAct, you can access it using the link below.

Download Forms

To give you the right options please select your original policy provider below

Fund prices

How to find funds

Universal funds:

  • Simply select ‘Universal Funds’ from the ‘Original Policy Provider’ dropdown below

For all other funds:

  • Look at your most recent annual statement and type in the name of one of your funds into the search box below. From this we’ll be able to show you funds that are only available to customers from your original policy provider and your policy type.

Please note that not all funds will be available for your particular policy. Remember if you look at the total charges for any of the funds, you may also have product charges too. If you want more about product charges or available funds you can call us on the normal number.

The majority of our prices are shown online in pence (GBX) apart from former Alico funds which are shown in pounds (GBP).

The value of the units is not guaranteed and can go down as well as up.

Promoting investor engagement

How ReAssure manages investments on behalf of its customers
Find out more

Important information

The information made available on Morningstar’s tool is taken from a variety of sources and is for general information purposes only. The information has not been tailored to your particular circumstances and does not constitute a personal recommendation or financial advice.

If you need assistance in reviewing your investments, you should speak to a Financial Adviser. You can find a Financial Adviser in your area at

You should also read Morningstar’s general disclaimer here

Money paid into the policy is invested in a with-profits fund, together with the savings of other policyholders. Bonuses are then added to the policy, depending on how the investments in the with-profits fund perform. These bonds normally have a minimum final value (known as the sum assured) which is added to any bonuses due when money is taken.

There are three with-profits funds that ReAssure customers are invested in, the Guardian Assurance With-Profit Fund, the Windsor Life With-Profit fund and the National Mutual With-Profit fund and these can be invested in differently. If you’re not sure what kind of with-profits fund you’re invested in, you should look at your most recent annual statement or bonus notice.

Guardian Assurance
With-Profit Fund

With-Profit Fund

National Mutual
With-Profit Fund

Windsor Life
With-Profit Fund

Getting help

ReAssure is unable to provide financial advice or make a personal recommendation, but we can provide you with factual information about your policy and your options.

However, there are places you can go for help.