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We are keen to make the most of changes in the law around retirement and pensions.
Employees will have the extended right to work to 65 if they wish. However, they will retain the right to take their pensions at the age of 60 without penalty, if they prefer. They can also draw their pension and continue to work for O2.
Pension members have increased flexibility over the amounts of contribution they can make to the O2 Pension Plan.
O2's Pension Plan was voted Pension Scheme of the Year 2005 by an independent panel of experts, describing it as 'setting standards for the occupational pensions industry'.
We have launched a new investment option within the O2 Pension Plan. The HSBC Life Amanah Pension Fund offers investors exposure to companies engaged in Shariah-compliant global commercial activities.