The Telefónica UK Pension Plan gives you flexibility and choice in how you take your pension savings. This website provides you with an overview of how you can prepare for your retirement and the age at which you can start drawing your pension.
If you're an employee at Telefónica you can make changes to your Telefónica Pension at any point through Telefónica Rewards by clicking here. If you're no longer employed with Telefónica or simply wish to view your latest Telefónica Defined Contribution (DC) Pension Statement please visit the Standard Life website by clicking here. If you've not visited the site previously then simply select 'register' to get started. You will need your Plan number which can be found on previous communications sent by Standard Life. Alternatively, you can contact Standard Life directly to find your plan number, simply click here. Once you've logged in you will be able to monitor your account, change your investments and much, much more.
If you're an ex-final salary (Defined Benefit, DB) member then please click here to find out more on your options at retirement. You may be able to take advantage of the new flexibilities outlined below but you may need to transfer your ex-final salary benefits either in full or in part to the Defined Contribution (DC) section or to another provider after you've taken appropriate independent financial advice. Remember you can obtain a copy of your DB benefits statement by contacting LCP, please click here for their contact details.
If you're approaching retirement you may also wish to have a look at our 'Pension Planner' tool. This tool may help you to understand whether you're on track with your retirement savings. Please click here to find out more. Remeber, you can also sign up to one of Standard Life's retirement road shows to find out more on what you may wish to start thinking about before retirement. Please click here for more information and a list of upcoming events.
What are my options at retirement?
Your retirement savings are exactly that, yours, and from April 2015 you now have the freedom to take your savings in a way that suits you.
View the videos below to find out more on what these freedoms may mean for you. We recommend you take advice from a financial adviser before you make any decisions about how to take your pension. Please note, not all of these options may be available within the Telefónica UK Pension Plan and you may need to transfer to another arrangement. For more information please speak with our Administrator, Standard Life, click here for their contact details