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Consumer  >  Why Scottish Life?  >  Why Scottish Life?

Why Scottish Life?

At Scottish Life we are committed to constantly developing our expertise in the pensions market to offer you flexible and affordable pension solutions for retirement.

Here are some of the reasons why we have an enviable reputation for providing pensions.

Financial strength

Scottish Life is a division of Royal London, a company that many leading industry analysts have identified as one of the more financially secure life and pensions companies in the UK.

Set up in 1861, Royal London is the UK's largest mutual life and pensions company with funds under management of £33.1 billion. Group businesses serve around 3 million customers and employ 2,620 people (figures as at 31 December 2007).

Investment options

Scottish Life pensions offer a comprehensive selection of investment funds to choose from.  This includes a range of in-house funds managed by Royal London Asset Management and a number of external funds managed by some of the world's best known investment companies.  Fidelity Investments and Schroders are included in these. We also offer a number of Retirement Investment Strategies that are designed to automatically reduce your investment risk as you approach retirement.

Our funds cover a wide variety of different investments, including shares in both UK and overseas companies, property, government bonds (gilts) and cash. You are able to switch funds whenever you like, enabling you to tailor your investments to suit your changing lifestyle and circumstances. Investment returns may fluctuate and are not guaranteed. The price of units can go down as well as up.

Find out more in our investment section.

Leading edge technology

As one of the first providers to develop a secure website for our customers, we pride ourselves on our technology. After all, it's certainly won a number of awards.  We also know, through independent research, that the services we offer over the web are market leading.

Whether you have an individual policy or are a member of a group pension scheme you will be able to access your pension online at a time and place to suit you. The number of services you have access to will depend on your type of policy.

Some of the things you can do online are:

• check how much your pension fund is worth
• get projections of how much that could buy you in retirement
• change how much you're paying in
• keep your address and contact details up to date.

We've developed an interactive demo to allow you to practise using these online services. If you don't have access to our online service or are unsure, you should ask your employer or financial adviser. If they haven't set the pension up to be online, why not ask them to change it over? All they need to do is give Scottish Life a call and we'll take care of the rest.

Register for our online service. You only need your National Insurance number and policy number to get started.

Our products

As a pension specialist, Scottish Life's aim is to offer a range of innovative pension solutions designed to provide good value and remain suitable over the long term, which will help our customers save for retirement effectively. Our products offer competitive charges, a wide investment choice and the flexibility to accommodate any change in individual circumstances.

Find out more about the products we offer in the individual pensions and group pensions sections.

Our awards

We have won a number of awards for the quality of our products, technology and servicing, including awards from Money Marketing, Pensions Management and Incisive Media to name a few.

If you want to know more about Scottish Life then you can visit the About Us area which contains lots of useful information.