Work events
As you journey through your career at Schroders you may have a number of choices to make regarding your retirement.
Joining Schroders
When you join Schroders you'll auomatically join the defined contibution (DC) section. This will be from the 1st of the month after you join us, unless you tell the HR team that you want to join straight away. As part of this process you’ll be sent details allowing you to access your online account on Aptia OneView – a personalised portal where you can find out more about your pension, see the value of your individual account, make your investment choices, nominate your chosen beneficiaries and plan for your retirement.
If you have an existing pension from a previous employer, or a private pension, you’ll also have the option to transfer these funds into your individual account. You can find out more about this below.
Transfers
Before transferring your pension benefits – either into, or out of, the DC section – we strongly recommend seeking guidance from a financial adviser to assess the risk involved and to ensure you’re making the right choice for your current and future objectives. For help finding an adviser, take a look at our Guidance and advice section. Please note that you’ll need to meet these costs.
Transfers in
On joining Schroders – or at any time during your employment with us – you may decide to transfer your money from another pension into the DC section. In most cases this should be possible but we recommend contacting Aptia or visiting our Tracing or transferring old pensions page for further details.
Transfers out
If you leave Schroders before retiring you may want to transfer the money in your individual account out of the DC section into an alternative pension scheme. All transfers will be subject to the rules of the pension scheme you’re moving the money into. Please contact Aptia in the first instance to request what is known as a transfer value. They can also advise on the process and timings involved.
If you’re considering transferring out it’s very important to be aware of any fraudulent offers. You can read about how to avoid pension scams in our Pension scams page.
Taking a break from work
Schroders will still contribute to your individual account during periods of paid leave. This includes maternity, paternity, parental and annual leave, as well as paid sabbaticals. Any additional contributions you’ve chosen to make will also continue. If you need to take a period of extended leave for health reasons, and your salary is reduced as a result, you’ll have peace of mind knowing that Schroders’ contributions will continue during these periods of reduced pay. We’ll also bear the cost of any additional contributions you have previously opted to make. This arrangement will continue for as long as you remain on paid leave.
If your leave of absence is unpaid all pension contributions will stop until you return to work.
Leaving Schroders
If you leave Schroders before retiring, the money in your individual account will remain invested in the DC section, but all contributions from Schroders, and any additional contributions you may have chosen to make, will stop. Your individual account will remain invested and you will still have full access to Aptia OneView allowing you to view the value of your individual account, manage how it’s invested, use the modelling tools provided and make updates.