Online state pension forecast service launched
People saving for retirement are being given an estimate of the amount of basic and state pension they may receive based on their National Insurance (NI) contributions.
The state pension forecast service launched by AWD Chase de Vere allows people approaching retirement to assess whether their savings are on track, or whether they need to put aside more to achieve their expectations.
"All too often people put pension planning on the back burner, no more so than in today's difficult economic climate, yet it is essential that people plan ahead," says David Smyth, AWD Chase de Vere's director.
The company is offering an online pension forecast service to allow employees to review savings arrangements at their convenience.
Just Retirement recently reminded people who will soon be drawing pensions that the credit crunch could mean they need more than they thought to retire comfortably.
Goods and services used by pensioners have seen a higher inflation rate than those used by other sectors of society, meaning their money does not stretch as far.
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