Pension 1:1 Preparation Sheet

This sheet has been created to allow you to prepare for your 1:1 appointment. You do not have to use it, but it might help to ensure you have all the relevant information and paperwork with you, or help support your preparations for the session in terms of questions to ask or issues that you want to consider.

Pension Scheme: / Company Start Date: / Planned Retirement Age:

Paperwork

  • Have you requested a retirement quote from your pension administrator? (These take up to 5 working days to come through so please do this in enough time)
  • Contact or if you are a member of the DB scheme or view your information online via for DC members
  • If you have AVCs, do you have the associated paperwork?
  • If you have your previous year’s Benefit Statement (DB members) and can bring it along it might be useful in your discussion

What do you want from your retirement?

  • Consider what you want to do during your retirement and how much this will cost – will your pension/AVCs cover this?
  • Are you planning on retiring early? If so, you might want to get 2 pension quotes: 1 that predicts your pension at 65 and one at 55 so you can see the difference and discuss the impact of this on your retirement

Your pension

  • If you have your pension quote and it’s not what you had hoped, you will need to consider what you want to do about it e.g. not retire early, pay into AVCs, reassess your retirement aims. Please try and give this some thought before the meeting
  • Is it likely that there will be other factors that affect your pension e.g. divorce
  • It might be worth checking your scheme’s booklet, available via: to see if there are any other issues that may affect you, or the latest pension scheme newsletter, available via:

AVCs

  • If you are considering trying to boost your pension, have a think about how much you could contribute to AVCs and whether these will be suitable for you
  • Try to familiarise yourself with AVCs and other investment options, e.g. ISAs, that may be of interest

Please note: we are unable to offer you financial advice during the meeting. If this is required, you will need to speak to a Financial Advisor

Any other questions you may have

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