Workplace Pensions form an important part of retirement savings planning, serving as a crucial financial lifeline in our golden years. However, with the cost of living crisis and the constant fluctuations in global affairs, life has become increasingly expensive. It is imperative, therefore, that we take proactive steps to ensure we are saving enough to maintain our current standards of living during retirement.
Within this webpage, you will discover content that you can peruse at your own leisure. We understand that every individual has unique needs and requirements when it comes to retirement planning. If there is any specific content that you would like to access but cannot currently find, please do not hesitate to reach out to your HR team or complete the contact form below. Should you wish to seek more information on individual Financial Planning services, please contact Bowmore Financial Planning Ltd directly at 01275 462 469 or enquiries@bowmorefp.com.
INTRODUCTION TO AVIVA
Your current Workplace Pension Provider is Aviva, a highly reputable and trusted company that specialises in providing a wide range of comprehensive pension solutions. With a strong commitment to supporting both employers and employees, Aviva offers tailored pension plans that meet the unique needs and goals of each individual.
One of the key advantages of your ABC Limited Workplace Pension is that it is a Group Personal Pension. This means that you have the opportunity to build up a personal pension pot, allowing you to take control of your retirement savings. With the flexibility to administer your pension as and when you desire, you have the freedom to make decisions that align with your financial objectives and circumstances.
Not only does Aviva empower you to manage your pension, but they also provide a diverse selection of investment options. With access to funds from approximately 30 fund management houses, such as Abrdn, Jupiter and Schroders, you can select investments that align with your risk tolerance and financial goals. This allows you to create a well-diversified portfolio that has the potential to generate attractive returns over the long term. However, please remember your investments can go up as well as down. For those who do not wish to personally select their investments, Soil Association have selected a default investment option where your pension contributions are automatically invested each month in the chosen arrangement. You can find out more on this default investment arrangement by viewing the presentation and newsletter provided below.
To make managing your Workplace Pension even more convenient, Aviva offers both a user-friendly online platform and a dedicated mobile app. By simply clicking on the Aviva logo, you can easily register for access or login to your account. Alternatively, you can download the app from the App Store or Google Play, enabling you to conveniently manage your pension on the go.
With Aviva as your Workplace Pension Provider, you can have confidence in the security and reliability of your pension plan. Their commitment to providing flexible retirement and investment options ensures that you have the tools and resources needed to build a financially secure future. Please refer to the Topics of Focus section and downloadable Newsletter below for more information.
Selecting Your Investments
Interested in selecting your own investments? You can view the funds available to you by visiting the Aviva Fund Centre.
A pension is a long-term investment not normally accessible until age 55 (57 from April 2028 unless the plan has a protected pension age). The value of your investments (and any income from them) can go down as well as up, so you could get back less than you invested which would have an impact on the level of pension benefits available.
