Reviewing your choices

Life’s changes may mean that over time, your retirement goals or circumstances could change too. As life moves on, it’s important that you review the choices you’ve made about your pension savings as well.

Are you paying enough?

Even if you can only afford to pay a little bit more at the moment, any extra contributions to your pension savings will help you build up your savings and give you the best chance of meeting your retirement goals.

You can change or increase your contributions at any time. You can do this by logging in to Manage Your Account and completing the online Change of Contributions Form. Alternatively, you can download the form and send it to your payroll department.

Are your savings invested in the right place?

How your pension is invested can make a big difference. So it’s important to make sure you’re invested in a way that reflects your circumstances and goals.

Look after your loved ones

If you want to nominate or change who your pension savings should be paid to in the event of your death, you can do that by simply logging in to Manage Your Account and click on Nominate Beneficiaries. Remember the Trustees cannot confirm who you have already nominated so if you’re unsure, you should complete a new one.

Think about your retirement age

Your retirement age under the Scheme is automatically set by the Trustee so that it’s in line with your anticipated State Pension age. You can change it at any time, you just need to get in touch and let L&G know. Remember, you don’t need to take your benefits at that time.