IMPORTANT CHANGES TO YOUR HL PENSION
You recently received a letter to let you know about upcoming changes to your HL pension. The changes affect how your pension works now and as you approach retirement. If you’re happy with the current options selected on your letter, you don’t need to do anything. These changes will happen automatically from April 2022. If you’d like to change your options, you need to let us know what you want to do. There are a couple of ways to let us know, as mentioned in your letter.
- Visit our website or scan the QR code in your letter. This will take you to a webpage where you can select your options. You’ll need to enter the 10-digit unique identification code that’s in your letter, along with your date of birth. This 10-digit code is located next to the QR code on the last page of your letter.
- Complete the reply form included in your letter mailing pack. Send it to us using the envelope provided.
The deadline to let us know your instructions is 25 March 2022.
What’s changing?
1. We’re launching a new default pension fund, the HL Growth Fund. A default pension fund is where your payroll contributions are invested if you don’t select your own investments. 2. We’re changing the way ‘Lifestyling’ works Lifestyling is the name of a process designed to shelter your pension investments from some risk as you approach retirement. To help with your decisions, we’ve created this guide to provide information on the following areas:
