If You Are An Existing HBOS Colleague
1. Complete the Scheme Application Form - to let us know that you want to join the Scheme and choose your preferred level of contributions. This can be anything from 2% of your basic salary.
2. Consider your investment options. The investment options open to you are described in the Investment Guide. Unless you choose an alternative, your individual retirement account will be automatically placed in Lifestyle Option 1 which, until 10 years before your retirement, invests equally in UK shares and overseas shares.
Use the Investment Choice Form to let us know about your choice.
3. Complete the Nomination Form – to let the Trustees know who you would like to receive Life Assurance payments if you die whilst working for HBOS.
4. Finally, keep an eye on your pension arrangements. You’ve just taken an important step in planning for your future, but don’t forget to read your Benefit Statement each year and be ready to review your contributions if your circumstances change.
