See what you would get at retirement

You only retire from the Fund once, so the process of retiring – the many choices you need to make and steps you need to take – may surprise you.

For example, did you know it can take up to 6 months to retire? Make sure you give yourself enough time, especially if you have your heart set on a certain date.

You can explore your options, find out what your benefits could be worth, and even retire online, by logging into your pension record.

Nominate a beneficiary

It’s important that you tell us who you’d like your money to go to when you die. This will help to make sure we give your pension money to the right person.

If your circumstances change – for example, you get married or have children – you might want to change who your money goes to. So, if you’ve already given us some names, it’s a good idea to make sure you’re still happy with who you’ve chosen from time to time.

Update your details

We are committed to reducing the carbon footprint of the Fund by cutting the amount of paper we send to members – you can access the letters we send to you in your pension record.

To get a notification when there is a new document waiting for you online, make sure that we have your up-to-date contact details.

It’s also important that you update your personal details if your circumstances change – for example, if you leave the bank, move house, get married or form a civil partnership or get divorced.

Get financial advice

Your Fund benefits could be an important part of your future finances. So, before you make any big decisions like transferring out or retiring, you may want to speak with an independent financial adviser.

If you are over age 50, you can take advantage of the competitive charges with Liverpool Victoria Financial Advice Services Limited (LVFAS) that the Trustee has arranged. Find out more at

Let us know a member has died

We will help you as quickly as we can.

If the member was still employed by the bank when they died, please email the NatWest HR team with their details.

If they were no longer working for the bank, please notify us by completing the Report a death form online. It takes around 15 minutes to complete.


13 June 2024

Good news: you can now retire online in 25 minutes!

When the time is right, you can retire online. It’s quick and easy, and completely paper free!


17 April 2024

Understanding the pension projections in your APeCs statement

The assumptions used to calculate what your Additional Pension Contributions could be worth when you retire have changed.


12 April 2024

The Lifetime Allowance has been abolished

Following last year’s Autumn Statement, the government confirmed that the Lifetime Allowance would be abolished on 6 April 2024. This means there is no longer a tax limit on the amount of pension benefits you can build up over your lifetime.