Pensions Session March 2025

Thank you again for such an amazing warm welcome as always.

I appreciated Khansa translating for us which really helped I know that it was a challenge regarding such a comprehensive topic but well done and thanks for a fantastic job!

As promised I would forward on the links see below

There was a lot of information to explain just the basics and terminology of what a pension was, it's such a complex topic for anyone to understand. I kept it to basic explanations mostly around terminology as much as possible, but links attached could help people understand more and get access to more accurate up to date information. The links won't be relevant to everyone.

I think the main things I wanted to get across was that they might want to check to see what their state pension forecast is 1stly to see if they have one and 2ndly to see if they have any gaps. Where to go for FREE regulated advice and information ie moneyhelper, citizens advice and Age Scotland websites.

I also wanted everyone to know that it is a regulated area and they must always get advice from someone who is regulated by FCA (Financial Conduct Authority) as Pensions is a specialist area of work.

The other point I wanted to get across is the difference between state pensions, work placed pensions and private pensions. I just merely tried to breakdown basics on what they were and why someone would have those.
Also, those who haven't worked might still have an entitlement to a state pension depending on their circumstances if they were on certain benefits etc but to check the gov website or check with DWP if they are not sure. Also wanted to reiterate that you can still plan for a pension if you haven't worked and pension wise would be best to help them with this as they offer free appointments for anyone over 50. Age Scotland is also a good place to go for FREE advice. http://www.ageuk.org.uk/

I really wanted to raise awareness of moneyhelper,pension wise, age scotland and citizens advice websites which are reliable resources to start with. Also, to alert people to get advice from a regulated pension adviser and watch out for scams as these are on the rise for pensions.

All links below for everything covered in the presentation including questions asked

Pension basics
Pension basics | Help with pension basics | MoneyHelper

Find a pension trace
https://www.gov.uk/find-pension-contact-details

Check state pension
https://www.gov.uk/check-state-pension

What happens if I leave my work what happens to the pension
What happens to your pension money and benefits when you leave your pension | MoneyHelper

Updating beneficiaries info - check with their pension company or pension wise
Tax on a private pension you inherit - GOV.UK
What happens to my pension when I die? | MoneyHelper

Pension wise
Pension Wise: free pension guidance | MoneyHelper

Building your pot
Pension pot | Help with building your retirement pot | MoneyHelper

Citizens advice
Pensions - Citizens Advice

Age Scotland
http://www.ageuk.org.uk/

Money Helper
Money helper below number or use their webchat to pension specialists
Call our helpline free on 0800 011 3797