Lloyds bank pension

vervialle

I am 57 years old and my old Lloyds bank PIP pension from my first tenyears service says I will get a pension of £3000 when I reach 60, I also have two newer pension pots deferred with a total of 5k in them they are not PIP,s, They have written to me asking me if I want to take the new options with the pension changes from April 2015.My question is what do I do and if I leave the Pip one will I still get the 3k pension when I reach 60, or has that all changed and do I have to invest it.

kidmugsy

vervialle wrote: »

I am 57 years old and my old Lloyds bank PIP pension from my first tenyears service says I will get a pension of £3000 when I reach 60

Do you mean £3000 per annum?

Is this your scheme?
http://www.lloydsbankinggrouppensions.com/ltsb/pip/deferred/at_a_glance

vervialle

Yes 3000 per annum, I am not sure what you highlighted is what I have got. My pension statement says Lloyds bank No 1 pension scheme, when you reach 60 you will receive a pension of 3000 per annum.

xylophone

Lloyds bank No 1 pension scheme,

When did you work for Lloyds?

Do you mean that you were a member of the Defined Benefits Section of the pension scheme? Closed in 2000?

http://www.lloydsbankinggrouppensions.com/ltsb/fs/1/deferred/home

With regard to the "newer pots" do these also relate to service with Lloyds Bank?

kidmugsy

vervialle wrote: »

I am not sure what you highlighted is what I have got. My pension statement says Lloyds bank No 1 pension scheme, when you reach 60 you will receive a pension of 3000 per annum.

My link is to "Lloyds Bank Pension Scheme No.1"