Your frequently asked questions
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Transcript
What will happen to my retirement savings in the event of my death?
Your retirement savings will be paid to your beneficiaries at Legal & General’s discretion.
It’s important to nominate your beneficiaries and to keep this information updated as your circumstances change.
To complete a Nomination of Beneficiary form, go to your online account at legalandgeneral.com/mya
This will make it clear who you’d like your retirement savings to go to in the event of your death.
What happens if I stop working for my employer?
Legal & General will write to you with details of the available options, if you no longer work for your employer.
You can leave your retirement savings invested with Legal & General and continue to pay in.
You can transfer your retirement savings in this scheme to another pension scheme.
Or, if you’re 55 or older, you can start taking your money. You may even be able to take it sooner if you’re suffering from ill health.
How can I keep track of my retirement savings?
We have a range of planning tools that can help you check whether your savings are on track.
You’ll find them on your scheme website or by going to your online account at legalandgeneral.com/mya
Alternatively, if you want to speak to a financial adviser, visit to unbiased.co.uk. Advisers may charge for their services.
There are 2 other videos in our scheme introduction series:
- Your scheme introduction
- Transferring your savings to Legal & General.
You'll find them on your scheme website.
Thank you for watching and for saving with Legal & General.