Thinking about retiring?

You have choices regarding when you receive your benefits and what those benefits are

Generally, you can retire at any time from your 55th birthday. When you retire you can choose to access your Policy benefits:

  • directly from Rothesay Life; or
  • from another pension arrangement


Why should I consider receiving my benefits from another pension arrangement?

What is right for you depends on your own personal circumstances and your plans for retirement.  Receiving your benefits direct from Rothesay Life may well be the most suitable option for the majority of our Policyholders. However, you may be able to gain access to additional flexibility and choice by transferring to another suitable pension arrangement. 

                Click here to find out more


What should I do if I want to know more about my options?

If you are over 55 and want details of your options including your pension and/or cash lump sums amounts and an estimate of the transfer payment that could be paid to another pension arrangement, please contact us using the contact details shown on the Contact Us page.

If you are considering transferring the value of your benefits to another arrangement you should appoint a financial adviser. You can find an adviser in your area by using the Unbiased website:

Your chosen financial adviser will need to be authorised and qualified to provide advice on transfers from defined benefit pension schemes. The unbiased website gives a checklist of questions to ask your financial adviser to make sure they are the right adviser for you:

You, or your adviser, will then need to contact us to request a full transfer value pack which will include details of the transfer value available to you. This figure will be guaranteed for three months.

The following document is included in the transfer value pack we send out. Please give it to your chosen financial adviser:


essential reading

If you are considering retiring or transferring we encourage you to take the time to read the following:

Your pension: it’s time to choose: please click here to read this leaflet produced by the Money Advice Service.

Leaflet from the Department of Work and Pensions (DWP): click here for a leaflet on how the choices you make may interact with your eligibility for State benefits (only applicable if you transfer). 

Pension scams leaflet: please be careful not to fall victim to a fraudster trying to cheat you out of your pension benefits. Please click here for a leaflet provided by the Financial Conduct Authority and The Pensions Regulator.