- Customer centre
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- Would you like to access your pension soon?
- Why are we offering to do this?
Why are we offering to do this?
We want to give you more flexibility and choice in how and when you access your pension
When you first took out your plan, it was normal to retire at 60 or 65. Today, retirement looks different. Many people want to access their pension savings earlier, later or more flexibly. We want to support you and give you more options in how and when you access your pension savings.
We know the MVR can make a big difference to the amount you receive and may delay your retirement plans. That’s why we’re offering you the opportunity to access your pension without the MVR applying. This gives you more control and choice over when and how you retire.
Why is our offer for a limited time?
We want to help you get the most from your pension. Removing your MVR so you can access the guarantees you’ve earned so far on your UWP Series 1 pension savings early comes with a cost. This is because your pension savings haven’t actually grown by this amount. Our shareholders are covering this cost, and the longer we keep the offer open, the more it costs them. That’s why this opportunity is only available for a limited time.