Final Salary Pension (Defined Benefit)
Your Final Salary Pension is designed to help you save towards your retirement. It provides benefits that are usually based on your salary and the number of years you've been in the scheme.
We recommend you get financial advice to help you make decisions about your pension savings and your retirement options.
What would you like to do?
If you are an active member of the scheme you can get a copy of your latest benefit statement or a pension valuation by contacting us.
If you are a deferred member of the scheme or a wound up scheme then you will not get an annual benefit statement.
Please contact us if you need more information relating to your pension
You can update your bank or building society details by contacting us.
You can change your address details by contacting us.
To change your name, we’ll need a signed letter from you with details of your previous name and your new name. We’ll also need one of the following original documents: a Marriage Certificate, Civil Partnership Certificate, Decree Absolute, Final Order or a Deed Poll.
Please send the letter, including your policy number, to Prudential, Lancing, BN15 8GB.
We'll return your document to you straight away.
We recommend that you carefully consider your options, including your tax position, before accessing your pension savings.
Taking money out is a big decision and one that’s best made with an adviser. If you don't have a financial adviser you can find one at unbiased.co.uk.
If you are an active member of the scheme you should discuss with your employer what options are available for making additional payments or topping up your pension.
If you are a deferred member, no further contributions or additional benefits can be added to your pension.
We recommend you get financial advice to help you make decisions about your pension savings and your retirement options. If you don’t have a financial adviser, you can find one at unbiased.co.uk
We'll let you know your options six months before your retirement date.
Your financial adviser is best placed to help you understand what retirement options are right for you.
If you don't have a financial adviser you can find one at unbiased.co.uk.
You'll be able to nominate a beneficiary by completing and sending us the beneficiary nomination form. To get a copy of the relevant form, please contact us.
As this is a defined benefit pension you do not get a choice over how it’s invested.
The amount of pension you receive is usually based on how much you earned whilst a member of the scheme and the number of years you were in the scheme.
No charges apply to your pension.
Annual management charges, monthly policy fee, allocation rate, bid/offer spread, transfer charges, fund charges, any associated policy charges and adviser remuneration are not applicable.
If required your pension benefits will be adjusted for early/late payment on a basis set by the trustees/policy conditions.
Need more help?
If you can’t find the answer you’re looking for, we’re here to help. Visit the contact us page to find the team that can help with your product query. We're available Monday to Friday, except public holidays.
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"Prudential" is a trading name of Prudential Distribution Limited. Prudential Distribution Limited is registered in Scotland. Registered Office at 5 Central Way, Kildean Business Park, Stirling, FK8 1FT. Registered number SC212640. Authorised and regulated by the Financial Conduct Authority. Prudential Distribution Limited is part of the same corporate group as the Prudential Assurance Company Limited. The Prudential Assurance Company Limited and Prudential Distribution Limited are direct/indirect subsidiaries of M&G plc which is a holding company registered in England and Wales with registered number 11444019 and registered office at 10 Fenchurch Avenue, London EC3M 5AG, some of whose subsidiaries are authorised and regulated, as applicable, by the Prudential Regulation Authority and the Financial Conduct Authority. These companies are not affiliated in any manner with Prudential Financial, Inc, a company whose principal place of business is in the United States of America or Prudential plc, an international group incorporated in the United Kingdom.