Group Flexible Retirement Plan (GFRP)

A workplace pension that puts flexibility first and is fully portable will appeal to many employees. And our GFRP can be good news for you too.

Why choose a GFRP?

Our award winning GFRP offers your employees greater flexibility and control. Find out why this may be your best bet for a workplace pension.

What is a GFRP?

This type of group personal pension offers your employees much more than a traditional personal pension: more control, more flexibility and more investment choice.

Why is it useful?

It lives up to its name. Standard Life’s GFRP gives employers the flexibility to easily manage a plan online and members the flexibility to keep their investment options open.

Plus there’s all the support a member could need to be able to make their investment choices with confidence.

Why Standard Life's GFRP is good for you

Ease of use

We make it simple for you to set up and manage everything to do with your pension scheme by giving you your own dedicated website.

Happier employees

You can count on us to keep in touch with your employees so that they stay engaged, value the workplace pension you provide and feel positive about their future finances.

Award-winning service

We won! Standard Life was named Best Group Pension Provider three years in a row at the Corporate Adviser Awards in 2016, 2015 and 2014.

Comprehensive features

You and your members will enjoy market-leading features and benefits with our GFRP, rated 5 Star by Defaqto in 2016.

defaqto 2015 award logoStandard Life
Group Flexible Retirement Plan

Why our GFRP is good for your employees

Investment choice

Employees can choose a lifestyle profile that prepares their pension for how they plan to take their retirement benefits. Or they can pick individual funds from Standard Life Investments and other leading fund managers.

Easy to upgrade

It’s simple for members who decide they’d like an even wider range of investment opportunities to switch over to our Group Self Invested Pension Plan (GSIPP) (subject to extra charges).

Total control

By choosing our GFRP, you give employees the power to make changes to their investment choices at any time.

Dedicated employee website

Members can easily view and manage their individual pension plan online and through our mobile app.

Fully portable

The great start you give employees when you set them up with our GFRP won’t end if they later change jobs – members can take their pension with them.

Costs

Exact charges for GFRP members will depend on:

  • When and how you set up the pension
  • How you agreed that the scheme adviser would be paid for services to you as the employer
  • Whether or not members pay – directly or from their plan – for personal advice from an adviser

Want to find out more about auto-enrolment?

Start your auto-enrolment journey here

Think GFRP sounds right for your business?

Apply for our GFRP now