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. If you are uncertain about what to do, we recommend you speak to a financial adviser. To find an adviser in your local area, visit unbiased.co.uk. Advisers usually charge for their services.
✔ 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 pot will help you build up your savings and give you the best chance of meeting your retirement goals. To change your contributions, contact your employer.
✔ 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 filling in a Nomination of beneficiary form. This will make it clear who you'd like the remainder of your savings to go to if you still have money left in your pension pot at that time. Legal & General has discretion as to who receives the money but we will take your wishes into account.
✔ Think about your retirement age
The Trustee(s) of the DC Investment Builder initially set your retirement age to 65, but you can change it to a different age. The earliest you can choose is normally your 55th birthday. You can change it at any time. The easiest and quickest way to change your retirement age is to log into Manage Your Account. Remember when thinking about your retirement age, you don’t need to take all your benefits at that time.