Getting started with your workplace pension savings
We’ve compiled a list of five small steps that can help you make the most of your pension plan.
Small steps to financial fitness
Register and log in to PlanViewer
PlanViewer lets you view and manage your pension savings online, so you can check your savings and make plans for your future. If you haven’t signed up yet, it’s quick and easy to get started.
Once you’ve registered, make sure to keep a note of your username as you’ll need this to log in: Remember, keep your password safe. Don’t write your password down or share it with anyone.Head to PlanViewer to register
Nominate your beneficiary
Your pension is a valuable asset and when you die, your pension doesn’t disappear. The money you have saved can be inherited, and you can have a say in where it goes. This is called ‘nominating a beneficiary’, and sometimes an ‘Expression of Wish’. This allows you to tell us who you’d like to benefit from your pension. It’s quick and easy to do, and you can choose to nominate a person, divide your pension between family and friends, or give some or all of it to charity. You can also update their details or change your nominated beneficiary if anything changes.
Simply log into PlanViewer, go to ‘Actions’ then ‘Beneficiaries’. You’ll then need their full name, date of birth, address, ID number and type of ID.Nominate your beneficiary in PlanViewer
Make sure your contact details are up to date
It’s important to keep your details up to date and let us know when they change. That way, we can continue to keep you informed of anything important relating to your pension plan.
If your plan rules allow, you can check and update your details in PlanViewer. Simply go to ‘User’ then 'My profile' then edit 'Correspondence Address' to update your home address, personal email address and phone number.Update your details in PlanViewer
Know how much you’re saving
Saving into your workplace pension is important, you can put money in and your employer does too. So, because you’re potentially adding two payments, it’s good to keep track of exactly how much is going in and whether you’re on track for the retirement you want.Check your contributions in PlanViewer
See how your investments are performing
Log in to PlanViewer to see how your investments are performing whenever you want to. Remember, the value of your pension savings can go down as well as up, so you may get back less than you invest.
You should also check your Annual Benefit Statement each year. This tells you how much your pension savings are worth, what it might be worth when you retire (if you buy an annuity) and the income it might give you.Check your investments in PlanViewer