AT A GLANCE
What is a pension review?
A pension review brings together your existing pension arrangements, retirement goals, expected spending and other resources. It considers charges, investments, guarantees and beneficiaries. Transferring or combining pensions is not automatically beneficial and can mean losing valuable benefits.
Retirement rarely looks the same for everyone. You may want to stop work, reduce your hours or leave more room for something new. Understanding your pensions, other income and likely spending creates a useful starting point for decisions about saving now and drawing an income in the future.
What this can help you explore
- Make sense of existing workplace and personal pensions.
- Explore retirement income needs and possible shortfalls.
- Understand choices as you approach taking pension benefits.
Things to consider
Pension access and tax rules depend on circumstances and can change; invested pension values can fall.
Transferring or combining pensions can mean losing valuable benefits and requires careful assessment.
Your questions, answered.
Not automatically. Compare charges, investments, guarantees, protections and exit terms before deciding whether any transfer is suitable.
No. A defined benefit scheme promises benefits under its rules; a defined contribution pension builds a pot whose value and withdrawal choices affect future income.
Who provides this service?
The provider, applicable permissions, advice scope and terms must be confirmed before you proceed. Regulatory treatment and protections vary by service and product.
Regulatory information