Retirement planning: Three ‘key’ steps to getting ‘the retirement you deserve’ | Personal Finance | Finance
As people start to get closer to retirement, it’s important to take stock of all pensions so they know what they have saved.
If people have moved house and forgotten to update their address, it’s easy to lose track of a pension and so keeping personal details up to date is really important so pension providers don’t lose track of someone.
Mr Pollard reminded people to not forget about their nominated beneficiaries.
He continued: “The older your pension is, the more likely it is that you haven’t kept your beneficiaries up to date. Maybe since you left a previous employer or since taking out your latest pension, your personal circumstances have changed but your nominated beneficiaries haven’t.
“It’s really important that you review these to make sure that in the worst case scenario, the people you love are going to be looked after.
“If you’re not sure you’ve got a handle on all your old pensions, make use of the Pensions Tracking Service. It’s a free Government service that can help track down any previous pension pots you might have forgotten about.
