Your savings, rewarded
We’ve reached a major milestone — over £100m has been returned to members’ pension pots through our savings reward. It’s our way of saying thank you for saving with us and trusting us with your future.
Unlike most pension providers, we don’t have shareholders. That means we can focus on reinvesting our profits to benefit you, rather than paying out dividends. The savings reward reflects this commitment.
What is the savings reward?
The savings reward is a monthly return of profits added directly into the pension pots of eligible members. It was previously known as the ‘management charge rebate’, but the name has since changed to better reflect what it really is — a reward for saving.
Giving our members £100m
Since launching the savings reward, we’ve now returned over £100m to our members. That’s money going straight back into pension pots — helping people save for a better retirement.
Putting people first
This milestone reflects our long-term commitment fairness and long-term value, which means putting our members – you – first in every decision we make. We keep things simple, make your pension work for you, and the savings reward is a clear way to help you get more from your pension and feel confident about your future.
How does the savings reward work?
The savings reward lowers your annual management charge as you save. The more you pay into your pot, the less you pay on the charge as a percentage of your savings, which could potentially grow your pot by thousands of pounds. Simply put: the more you save with us, the more we give back to you.
This isn’t a one-off bonus — it’s a regular reward that grows with your savings.
What it means to you
If you’ve saved more than £3,000 with us, you’re already receiving it. Here’s what your savings reward could look like over 40 years, assuming you contribute 8% of your salary annually and your investments grow by 5% each year:
- With a £25,000 salary, your savings reward could grow to around £12,177.
- With a £35,000 salary, your savings reward could grow to around £17,726.
The more you have, the more you get back
Thinking about combining your pensions? Bringing them together into one pot with us could mean a bigger savings reward in the future. It’s worth considering — especially if you’ve got old pensions sitting elsewhere that you’re being charged for.
Log in to your account
Check your pension pot and see your savings reward.
How does salary exchange work?
Learn how salary exchange could help you save even more.
Thinking about combining your pensions?
Transfer your pension to us.