During your working lifetime it is likely that you may have had one or more pension plans that you no longer contribute to. They are called preserved pensions. Most of us also have a current pension plan. All of these contain your money which is supposed to provide you with an income in retirement.
Over the years, pensions have changed significantly. Many pension providers have changed their charging structure and have improved the funds that their clients can invest in.
It is important that you consider the following questions:
Do you know how much your pension is worth?
Do you know how much money the pension will provide you with when you retire?
Do you know how the recent stock market turmoil has affected the value of your pension?
Do you know what funds your money is invested in? When did you last check or review your pension?
Here at check my pension .co.uk we provide a free no obligation pension check service which will answer the questions above.
It is important you are aware that you do not need to spend any extra money and we may be able to give you the answers which will allow you to plan for your future. Whether you plan to retire in 5 years or 40 years the sooner you answer these questions the better prepared you will be for your retirement. You have worked very hard for your money in your pension, so make sure it is working hard enough for you.
