Reviewing your pension

How’s your pension doing?

Not sure? Then how will you know what your retirement’s going to look like? Keep your future on track with regular pension reviews.

Where to start

You’ll automatically receive a yearly statement of your pension’s performance, but why wait? It takes just a few minutes to register for our online services.

Once you’re up and running you’ll be able to see how much your pension’s worth and how your funds are doing at the click of a button. Sign up now. Or call us and we’ll get you online in no time.

What to consider

Payments

The more you put into your pension, the more you’re likely to get out of it. If you’ve had a pay rise, think about topping up your payments. Or do it automatically. Some plans let you sign up to a regular yearly increase. As with any investment the value of your fund can go up or down and may be worth less than what was paid in.

Performance

Your retirement income depends on the performance of your investments and the charges we make. So it’s important that you know how they’re doing and the kind of results you should expect.

That includes understanding their level of risk. Different investments have different levels of risk and you should make sure you are comfortable with the level of risk you have selected. But since pensions are long-term investments, the more time they have to mature, the more opportunity they have to grow. You can switch funds at any point.

Past performance is not a reliable guide to future performance. As with any investment the value of your fund can go up or down and may be worth less than what was paid in.

Income

Will you be able to enjoy the life you want on the income that you’re likely to receive? Take a reality check and use our pension planner to see how your plans and your dreams are matching up.

Risk

When you took out your pension, you may have chosen your funds based on your attitude to risk at that time. Do you still feel the same? Or might you need to review where your money’s invested?

Maybe you’re nearing retirement? Think about looking after the money you’ve built up in your pension by choosing a lifestyle profile. This is an option that automatically changes the funds you are invested in depending on the length of time until your selected retirement date.

Merging pensions

Got lots of pensions with different providers? You may be able to cut costs and gain greater control by combining them into one plan. Read more about merging pensions.

Get informed

It’s your future. Make sure it’s the one you’ve been looking forward to. If you’d like more information or want to make some changes, speak to us or contact a financial adviser.

Take a reality check and see how your plans and your dreams are matching up.

Need some help? Call us on 0845 272 8810

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Friday 09:00 - 18:00

Saturday 10:00 - 13:00

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