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Opting out They have one month from their auto enrolment date or enrolment date to opt-out. They must contact the pension provider for the opt-out notice and send the completed notice to the employer. Once the employer receives a valid opt-out notice, they must: notify the pension provider of the opt-out.
How long does it take for the money to be paid out? As soon as the claim's been verified and we have all the paperwork we've asked for, we make the payment and funds usually clear in 3-5 working days.
Scottish Provident has rebranded to Royal London. If that name doesn't ring any bells, we're the largest mutual life, pensions and investment company in the UK.
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