Don’t Under Estimate The Value Of Your Pension!
Retirement may be around the corner or some years away. Either way the value of pensions should not be under estimated. By doing the right things will have a significant impact on your retirement.
We Specialise In Helping CO OP Bank Employees And Ex Employees
There are lots of options available and wading through the various choices are daunting. Your pension asset is valuable and by getting the right advice you will maximise your funds impact on your life and retirement.
Find Out What Is Available To You
Pension choices now, may just offer some people a benefit they did not know was available. We provide a review of all the options open to you!
Defined Benefit Schemes
Defined Benefit pension schemes have long been viewed as the ‘Rolls Royce’ of pension schemes and rightly so. They offer significant benefits, guaranteed income for life (which is generally inflation proofed), and offer spouses pension on death. Even if people have concerns about the future of their ex employer, and feel their pension may be at risk, the vast majority are not. The government introduced the Pension Protection fund some years ago and for most people, even in the worse scenarios, there is a government backed guarantee to provide 90% of pension entitlements at the schemes normal retirement date.
Whilst this is the case, people are well served to understand what benefits they have, what the value of those benefits are, and when they will be able to access or use them in the future. Equally they need to appreciate what all the options are to plan effectively for their retirement.