How we use your personal information
We keep your information and data safe, in line with legislation including the General Data Protection Regulation (GDPR). Find out more about how we use your personal information, and what rights you have, by reading our full Privacy Notice on the Useful documents page. This sets out who we are, how long we hold your information, what we do with it and who we share it with.
- active member home
- What the Fund gives you
- Building up benefits
- Life events
- Taking benefits
- Opting out of the Fund
The Trustee of the NatWest Group Pension Fund is aware that The Pensions Regulator has introduced emergency measures to allow defined benefit schemes to suspend transfer value quotations and payments for three months to help manage the consequences of COVID-19.
The Trustee does not intend to introduce any restrictions or delays at this time, but this will remain under review.
It is however exceptionally important that if you are considering transferring out your benefits that you take independent financial advice. The Trustee may require written confirmation and seek appropriate authorisations from your financial adviser before processing any request to transfer out as this is an irreversible decision. In fact, current UK Law requires the Trustee to obtain this confirmation if your transfer value exceeds £30,000.
If you are thinking about transferring your benefits out of the Fund, you can find ten things you should consider first here. You can also watch several short videos about transferring out in our Video Hub.
Also please be extremely vigilant about potential pension scams.
We are seeing a rise in scam levels so you should never provide information about your Fund benefits or agree to take any action on these unless you have received advice from an authorised independent financial adviser. You can find out more about how to spot a pension scam here. You can also watch a short video about pension scams in our Video Hub.