It’s that time of year again. Pension Engagement Season is back for 2024 with more useful content, pension problem-solving and handy tips to help you get behind the driving seat of your pension.
Here’s what’s happening this year and how you can get involved:
Pension Attention 2024
Spanning from 6 September to 8 November, the Pension Attention campaign is back with a new moto ‘Face Forward’.
Led by the Association of British Insurers (ABI) and the Pensions and Lifetime Savings Association (PLSA), the campaign is encouraging pension savers to take 3 simple steps:
Find out if you have any lost pension savings
Research tells us billions of pounds are locked away in dormant pensions. Could some of this money be yours? Look back to yesterday and track any old or lost pension you may have. You don’t have to do this alone – the government-backed Pension Tracing Service is here to help.
Take stock of your pension plans and check what you’ll get when you retire
Tap into the information available on your member website to help you manage your pension. The ‘Tools’ section in particular offers some handy tools and information for members of the schemes.
Take the opportunity to look back and think of what other pension plans you may hold – keeping on top of your pension game now will help you achieve your retirement goals in the future.
Picture your future self and how much you’ll need later in life
It’s never too early or too late to start planning for your future. No matter where you are on your pension saving journey, take the time this autumn to stop and think about your future and how to get there financially. It may seem like a long way off if you’ve started saving recently. Or it might be that you’re well into your career but haven’t prioritised saving for later life yet and think that it’s too late to start now. It always pays to plan ahead and save for the future, even if it is only a small amount you can afford to put away each month.
Take a look at the Lifestyle costs in retirement page to check what income you’ll need when you stop work.
Check out the government’s planning tool for step-by-step guide to retirement.
You can find out more about the Pension Attention campaign by visiting pensionattention.co.uk and youtube.com/@pensionattention.
Pension Awareness 2024
Pension Awareness Week will run from the 9th-13th September, bringing 3 solid days of free online shows on various pension topics.
The shows will take place on the 10th, 11th and –12th and will be available to watch on catch up if you miss them on the day.
Running for a tenth consecutive year, the campaign aims to raise awareness about the importance of saving for later life. It provides free, impartial and practical help for tackling primary pension problems, as well as other money matters like savings, debt and budgeting.
You can sign up to join the shows at:
Tuesday, 10 September
Is it a good idea to transfer my pension? 10:00 – 10:45
Financial wellbeing – finding the balance between money and mindset 12:30 – 13:15
Wednesday, 11 September
Retirement reality check – how to have the lifestyle you want in retirement 10:00 – 10:45
How to get ready for the retirement you want – 12:30 – 13:15
Pension investments explained 14:30 – 15:15
Thursday, 12 September
How to shrink the gender pension gap – 10:00 – 10:45
Pension Geeks for HR/Pension Managers – 12:30 – 13:15
DB or Not DB? 14:30 – 15:15