Retirement Planning Guide

Planning for retirement can seem like a daunting task but it is important to think about how you are going to support yourself financially in your later years.

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Planning for the retirement of your dreams can be difficult enough without having to deal with multiple pension pots built up with different providers throughout your working life. To make things easier we've designed a service to help you bring your pensions together under our award winning Self-Invested Personal Pension (SIPP) product - we call it One Plan.
consolidate
Consolidate

Consolidate existing pension pots into one, easy to manage plan.

hassle_free
Hassle-free

Hassle free transfers - putting you in control and helping you make informed decisions.

low_cost
Low cost

A range of investment options with a focus on keeping costs to a minimum.

easy_access
Easy access

Managed online, with 24/7 access once registered.

consolidate
Consolidate

Consolidate existing pension pots into one, easy to manage plan.

hassle free
Hassle-free

Hassle free transfers - putting you in control and helping you make informed decisions.

low cost
Low cost

A range of investment options with a focus on keeping costs to a minimum.

easy access
Easy access

Managed online, with 24/7 access once registered.

Start your consolidation journey today with no obligation

Enter your details below and we will send you all of the information, help and tips you need to consolidate your pensions with One Plan.
You must be 18 or over to use One Plan
Your retirement date cannot be in the past
Your data will be used in accordance with Willis Owen’s privacy policy and you can opt out of receiving emails from us at any time.

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How does it work?

How does it work?

Step 1:

Register for our service and give us basic details of the pensions you're thinking of consolidating.

Step 2:

We reach out to your provider(s) and get further details on your pension pots.

Step 3:

We'll let you know what we find out and point out any important benefits you could lose out on by transferring.

Step 4:

You decide whether to go ahead with one or more transfers. If you do, we'll arrange the transfer and bring the money across into your new Willis Owen pension.

We aim to make the process of bringing your pension pots together as simple as possible. Give us some simple details and we'll take care of the rest.
One Plan Overview

Easy to manage

We know that the pension product you choose only plays a small part in the retirement planning jigsaw so as a One Plan customer, you also get access to a range of tools designed to help you understand whether you're on track for the retirement you want and which allow you to see what effect any changes could have. Once you’re set up, you’ll be able to check on how your pension is doing at any time, using our secure, award winning online platform where you'll find a simple summary of your plan - what it's worth and what it could give you in retirement.

You're in control

Some pensions have valuable benefits or guarantees which could be lost if you transfer them to another provider's plan. We'll ask your provider whether a plan you're looking to transfer has any such benefits and if it does, we'll let you know before you make a decision to transfer. We'll also flag any paticular risks we think you should be aware of before going ahead with a transfer. There are certain types of schemes that we won't accept transfers from because we think it's unlikely to be in your best interests. This includes defined benefit pensions like 'final salary' schemes.

Bear in mind that we don't recommend whether transferring a pension is suitable for you so if you're unsure, you should seek regulated financial advice.

Easy to manage
Easy to manage

We know that the pension product you choose only plays a small part in the retirement planning jigsaw so as a One Plan customer, you also get access to a range of tools designed to help you understand whether you're on track for the retirement you want and which allow you to see what effect any changes could have. Once you’re set up, you’ll be able to check on how your pension is doing at any time, using our secure, award winning online platform where you'll find a simple summary of your plan - what it's worth and what it could give you in retirement.

In control
You're in control

Some pensions have valuable benefits or guarantees which could be lost if you transfer them to another provider's plan. We'll ask your provider whether a plan you're looking to transfer has any such benefits and if it does, we'll let you know before you make a decision to transfer. We'll also flag any paticular risks we think you should be aware of before going ahead with a transfer. There are certain types of schemes that we won't accept transfers from because we think it's unlikely to be in your best interests. This includes defined benefit pensions like 'final salary' schemes.

Bear in mind that we don't recommend whether transferring a pension is suitable for you so if you're unsure, you should seek regulated financial advice.

Three simple choices for how to invest your pension pot

Glideplan

A medium risk option provided by Vanguard Asset Management that matures with you. As you approach retirement, your money moves from higher risk/reward investments like shares, into more stable ones.

Annual costs: 0.68% - 0.73%

Socially Responsible

Our socially responsible option, provided by BlackRock, is a medium risk choice designed for those who want to invest in a way which also benefits society or the world we live in.

Annual costs: 0.43%

Low Risk

Our lower risk option, provided by Vanguard Asset Management, is designed for people who want to take a more cautious approach with their money.

Annual costs: 0.70%

There is no charge for consolidating your pension pots, all you pay is an annual fee which is taken out of your plan. The current costs shown here include all of the underlying fees and expenses, we don't leave anything out. If your pot is bigger than £100,000, your costs will be even lower. You can find out more about the investment choices and associated costs when you click 'Get Started' below.