Last year we launched our new pension portal with our new Administrators, Gallagher, allowing you quick and simple online access and tools in relation to your pension with the Plan. As a reminder, on the pension portal, you can:
- View your personal information and membership details
- Update your personal details and address (deferred members only)
- View the value of your fund
- View and amend your investment strategy and Target Retirement Date
- Update your Expression of Wish details
- View important Plan documents
- Use the online modeller for projections of your pension benefits
- Update your contact information
In particular we would like to highlight the online modelling capabilities which allow you to obtain illustrations of your expected retirement income and explore the effect on these outcomes by amending how much you pay into your pension each month (active members only) and changing your retirement date. It is a simple and visual way to explore what a big difference you might be able to make with a relatively small change.
Remember, active members can amend their contributions to the Plan through the Flex 66 portal, accessible via My HR Tools.
It has been great to see a steady increase in the number of members registering for and using the pension portal during the year. If you haven’t used it before, why not give it a try today?