Your Pension - Your Future 

How to make the most of your pension

1. Register for your online account

If you haven’t already, sign up for your ZPen account, where you can easily manage your pension online.

2. Get a sense of your retirement goals

Use the Retirement Living Standards (RLS) to picture your future. Developed by Loughborough University and Pensions UK, the RLS are a practical tool to help you understand what life in retirement can look like at 3 different levels: minimum, moderate and comfortable.

They take into account if you live alone or with another person, and consider things like:

• the current cost-of-living
• lifestyle choices, such as holidays, clothing and transport
• food and drink, and
• household costs, such as council tax, energy and water

3. Access pension guidance when you need it

Explore the resources available on the MoneyHelper website. Prefer to speak to someone? You can also Call 0800 138 1677 to chat with a MoneyHelper representative.

The Trustee has appointed WTW's Financial Planning Group, a group of financial advisers regulated by the Financial Conduct Authority (FCA), who can help you understand your options and decide which one is right for you. Find more information about individual pension guidance from WTW here.

4. Think about making extra savings

If your pension savings aren’t on track for the lifestyle you want, you might want to make extra contributions. As a current employee you can save through salary sacrifice or by making additional personal contributions. You can find out more about both options in the relevant Member Guides:

• Member Guide for members with final salary benefits
• Member Guide for members of ZCashBuilder

5. Review where your ZCashBuilder funds are invested

With ZCashBuilder, you’re in control of where your contributions go. You can choose from 14 different funds or 3 lifestyle strategies, giving you a variety of investment options. 

For more details, visit the ZCashBuilder investment page.