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Understanding your pension starts here
Your pension might not always be top of mind, but it could be one of the most important parts of your financial future. Whether you’re actively contributing or no longer paying into the Plan, understanding your pension is key to shaping the retirement you want. It’s no use putting your head in the sand and just assuming you’ll have enough saved up by the time you come to retire.
That’s why we’ve launched Explore It… Don’t Ignore It, an ongoing initiative designed to help you take control, stay informed, and make confident decisions about your pension.
You may have already seen Ross Kemp and Bola Sol providing you with fitness-themed advice on achieving long-term pension gains with the latest ‘Pay Your Pension Some Attention’ campaign. We’re building on the momentum to give you Plan-specific guidance on the steps you can take to map out your future with confidence. If you haven’t already, check out our latest news article to learn more about the campaign.
Explore it: How much do you have and how much should you save?
It’s never too early to start planning for your future, or too late to take action. Why not begin with a look at our My Pensions Journey page? There you can learn more about:
- How contributions work (for current employees)
- What you’ve already saved
- Tools like Aviva’s Shape My Future to help you model potential outcomes
Why it matters
Whether you're actively contributing or no longer paying into the Plan, your pension savings are a key part of your financial future.
For current employees, starting early and saving consistently can make a huge difference. Thanks to compound growth and contributions from the Company and Government (via tax relief), even small amounts saved now can become life-changing sums over time.
For deferred members, staying engaged with your pension, reviewing your savings, understanding your investment choices, and keeping your details up to date all help ensure your money continues working for you.
No matter where you’re up to, understanding your position today enables you to make confident decisions for tomorrow. My Pensions Journey will help you explore where you are and take the right steps now.
Next up… Explore your investments
Your pension savings are invested, but do you know how? In the next part of Explore It… Don’t Ignore It, you’ll explore how your investments are managed, what options are available, and how to make sure your strategy still suits your goals.