Steps to retirement

It generally takes a few months to organise your retirement, please bear this in mind when planning your retirement.

1. Log in to the member portal to use the retirement calculator and get an idea of how much pension you might receive
2. When you’re thinking of retiring, request a formal retirement quote from the Scheme administrator.
3. Take guidance or financial advice to help you understand your options and decide what’s right for you.
4. If you have AVCs or any other Defined Contribution (DC) pensions, research the market for your choice of drawdown or annuity provider.
5. Beware of scams.
6. Complete the relevant forms from the Scheme administrator to process your retirement choice.
7. Start enjoying your retirement.

For more information about scams and how to avoid them, visit: www.moneyhelper.org.uk/en/money-troubles/scams/how-to-spot-a-pension-scam and https://www.fca.org.uk/consumers/pension-scams.