When markets experience volatility, you may see fluctuations in the value of your pension. These are a normal part of long-term investing, as the value of investments can go down as well as up, so you may not get back the amount you originally invest. This can be daunting, but there are ways you can ease your mind during times of uncertainty.
Read about the changesThe Trustee has completed a review of the Plan’s investment options, and will be making changes to the design of two of the Lifestyle strategies.
If you are over age 50, you can request an appointment with Pension Wise, part of the Government’s MoneyHelper service. Book an appointment online via Pension Wise: free pension guidance | MoneyHelper.
This can provide you with free, impartial guidance about your retirement benefit options.
If you die before retirement and have benefits in the pension scheme, the Trustees will need to make a decision about who those benefits should be paid to.
You can let the Trustee know who you would like to receive your pension benefits by completing an ‘Expression of Wish’.
As always, the Trustees remain committed to making sure our members’ benefits are kept safe when it comes to scams. That’s why, alongside Fidelity, we’ve signed up to The Pension Regulator’s pledge to combat pension scams.
Read this article for an update on scams and more information on The Pension Regulator’s pledge.
Fidelity is committed to making it easier for you to manage your Plan savings online. As part of this commitment, if you’re an active member of the Plan, you’ll now be able to transfer other retirement savings into the Plan online using PlanViewer.
Fidelity has recently made some improvements to the PlanViewer app, so it’s now more helpful than ever.
Once you’ve thought about how much you’ll need at retirement and considered whether you’re on track, you should think about how you’d like to receive your benefits.
There are a few ways you can take your DC benefits at retirement so it’s important to think about which option is right for you.
In 2020, Fidelity launched their PlanViewer app. Read about how the app could help you with your retirement planning and find out how to download it today.
If you were planning on renovating your house, getting married or going on a big holiday, wouldn’t you want to know how much to save?
Planning for retirement shouldn’t be any different and knowing how much you’ll need is key.
We’ve recently been made aware of fraudulent activity in relation to Fidelity International and false investment products. Read the full article to make sure you’re aware of this scam and being extra vigilant.
To make sure you’re keeping your retirement savings safe, it’s important to stay mindful of scams.
Do you know what signs to look out for when it comes to spotting a scam?
There’s lots to think about when it comes to saving for retirement but there’s plenty of help available if you need a hand when it comes to making decisions.
