Setting up a private pension with Raindrop
With Raindrop, you can give yourself the pension plan you deserve, without the usual stress and complications of a traditional pension.
What is FSCS?
Raindrop’s flexible online pension is super quick and simple to set up. With our plans managed by BlackRock®, the world’s largest asset manager, and Legal & General, the UK's largest asset manager - your pension is in safe hands.
You can contribute as much or as little as you want, whenever you want. Life plans can change: amend your contributions any time, anywhere. Just hop onto your digital dashboard and take control of your financial future.
4 simple steps to a stress-free pension, in under 10 minutes
Estimate your pension
By entering the following details into our pension calculator, you can estimate your pension value for when you retire. You’ve got total flexibility - so you can try out a few different scenarios, with different monthly contributions and retirement spends.
Date of birth
Target retirement age
Employment status
Expected monthly pension contribution
Pick a plan
As soon as you’re comfortable with your estimated pension value, you can pick an investment plan that will help you reach your retirement goals.
The BlackRock® funds that we offer, specifically for UK pensions, are designed to adapt and optimise as you get nearer to retirement.
The Legal & General fund we offer, allows you to invest in companies from developed countries that demonstrate good environmental, social and governance (ESG) efforts globally.
Verify your identity
We’ll then ask you 5 simple questions. This is simply so we can verify you and set up your account.
Your identity
Tax status
Nationality
Marital status
National Insurance number
Open with as little as £1
Once we’ve verified your identity, all that’s left is to open your Raindrop account. You can open with just £1 to get going, but you can of course top up and change your monthly contributions at any point.
We’ll never leave you high and dry
Our customer support team is rated 'Excellent' and is always on hand to help you during the setup process and once you have your new pension. There are 3 ways you can contact us:
Log in to our website and chat to us
Email us on support@myraindrop.co.uk
Call us on 02039517253