It’s important to plan early. Did you know that you may be able to start receiving your pension benefits from the Plan from age 55?

Remember, taking your benefits from the Plan is an important decision — perhaps one of the most important decisions you’ll make — so you should not only prepare as early as possible, but also you may wish to consider taking independent financial advice. 

If you’re currently receiving a pension from the Plan, you should have received a pack through the post relating to Guaranteed Minimum Pension (GMP) Equalisation.

A pension scam is where someone is tricked by criminals into handing over their pension savings. You must look out for pension scams to protect your hard-earned pension income. Pension scams have been increasing in numbers and sophistication since the introduction of pension flexibilities in 2015.

If you’re a deferred member of the Plan, your pension may continue to increase each year in line with Trust Deeds and Rules.