Take a quick step towards a great future

We’ve been working with our retirement partner, Scottish Widows, to bring you useful tips, handy tools and helpful information that could help you learn more about pensions, retirement and planning for the future.

Track down forgotten Pension Pots

If you've had more than one job, you might have more than one pension. It's worthwhile tracking down any forgotten pensions now because it could give your finances a welcome boost in the future.

Visit the Government’s free Pension Tracing Service.

Trace a pension

Manage what you've got

If you have more than one pension, combining them into one pot could save you money and time. You'll only have to check one pension, have one set of admin fees and deal with one provider. This might not be right for everyone, if you are unsure please seek advice.

Transfer your pension

Stay in control of Pension admin

Doing some admin today could make managing your pension easier. Check your provider has the right personal details and a note of any beneficiaries you’d like to pass anything on to. Use their useful Pension Tools and calculators to ensure you're on track for the retirement you want.

Useful toolsThis is a Scottish Widows link - opens in a new tab

Pensions are a long-term investment. The retirement benefits you receive from your pension plan will depend on a number of factors including the value of your plan when you decide to take your benefits which isn’t guaranteed and can go down as well as up. The value of your plan could fall below the amount(s) paid in.

 

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The basics

What exactly is a pension? And how could it help you enjoy a more secure future? These videos from Scottish Widows can help you understand the basics.

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Calculate your pension

Use these useful tools and calculators from Scottish Widows to see your pension options or how pension plans can add up over time.

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What you can do today

There are lots of things that you can do now that could make a big difference to your future. Below are a few examples of actions you could take today to build up your pension.

All in one pot

Pot consolidation (also known as a Pension Transfer) allows you to combine some or all of your pensions into one place. Consolidating can make your pensions easier to manage and potentially save you money as a result of lower charges. Transferring isn’t right for everyone, if you are unsure please seek advice.

Your transfer options

Overpaying into your pension

If you have spare cash at the end of the month, have you considered making increased contributions into your pension to help it grow as quickly as possible? Your employer may agree to put more into your pension pot if you do this too.

Get help from a Financial Adviser

A personalised financial plan could help you get the sort of retirement you want as well as showing the benefits of pension planning. Our expert financial advisers at Schroders Personal Wealth can help you create one. The initial consultation is free, and you will only pay for the advice if you take forward the recommendations they present in your personalised financial plan. Eligibility criteria applies.

Get expert help

Planning for your future

For more support towards building a secure financial future, please visit our Financial Future Planning page.

Financial Future Planner

Making a Will

Whether you are buying a house, starting a family, investing your money or setting up a pension for retirement, it is important to have a will in place to protect your assets and your loved ones, today and in the future.

Find out more