In the past, retirement has been associated with leaving the company and giving up work and, for many colleagues, this may be their choice.
HBOS, however, has always had, and continues to adopt, a flexible approach to retirement.
In particular, we take into account:
- your employment status (i.e. your ability to continue in employment) and
- your pension status (i.e. the point at which you become eligible to draw your pension).
As part of HBOS's approach to flexible working, we believe that you should have an input into when and how they retire from the company.
What retirement options are available to me?
Also take a look at the HBOS Planning Retirement Policy.
Buying your retirement benefits
When you retire, you will use your individual retirement account to buy retirement benefits of your choice - including a pension for yourself.
Help is at hand to guide you through:
Requesting Retirement
To ensure that your retirement application is processed smoothly, you should discuss and agree your retirement preferences with your line manager 6 months prior to the effective date.
You should complete an Application for Retirement Form with the approval of your line manager. For help on how to complete the form, click here.
Guidance on how to complete the Application for Retirement Form.
Once completed, print the form and forward it, together with a certified copy of your birth certificate, to:
HBOS Group Money Purchase Scheme
HBOS plc
Trinity Road
Halifax
West Yorkshire
HX1 2RG
