Escalation option
Help to protect the future value of your pension
Why add the Escalation option to your Stakeholder Pension Plan?
- Over the years, inflation will reduce the real value of your contributions and in turn your pension fund. As a consequence, your retirement income will have less buying power.
- If inflation increases from current levels the impact will be even greater. Remember, inflation has been much higher in the past than it is at present.
- Adding the Escalation option to your Stakeholder Pension Plan will reduce the impact of inflation as it automatically increases your contributions
Is inflation still something to worry about?
Inflation is moderate at the moment – at around 4.5%. However, even low levels of inflation lead to significant price rises over the years.
It’s important to take inflation into account when planning for your retirement.
Find out how to get a bigger income in retirement
How do I add the Escalation option to my Stakeholder Pension Plan?
- New customers - you can include escalation when you complete the application form.
- Existing customers - call 08000 28 27 27.
Calls may be monitored or recorded for training and security purposes.
