You might be wondering why we still refer to Scheme Retirement Age when the HBOS Group Money Purchase Scheme is so flexible.
Until 1 October 2006, HBOS had a contractual retirement age of 62. For this reason the Scheme also had a 'normal' retirement age of 62 and some of the funds you can invest in are geared towards this age as a default.
When you are approaching the Scheme Retirement Age (62), if you haven't already exercised any flexible retirement options we will automatically contact you with a reminder of the options available to you. In brief, these are:
- Normal retirement
- Late retirement
- Flexible retirement
Why not make use of the Pension Planner to see how these options could make a difference to your life after work?
