For each individual’s needs and desires for retirement, there may be an investment strategy that suits them better than others. Some of the questions you may want to consider when reviewing your investments in advance of retirement are:
Knowing the answers to these questions can help you better determine what kind of investing is right for you.
From understanding how your money is currently invested to knowing what some of your other options may be, it’s important to get a clear view of how your investments are performing and what you want out of them in the future. Here are a few steps forfinding out how your pension is invested today and what your choices are.
Finding out how your money is money is invested
To find out how your pension savings are invested, log in to the Creative Pension Trust Member Portal and head to the ‘Manage Investment’ page.
Changing how your money is invested
You can change how your pension savings are invested using the Creative Pension Trust Member Portal– just head for the ‘Manage Investment’ page. Remember, depending on how you invest your pension savings, the value of your savings can fall as well as rise and different types of investment have varying levels of risk and potential to provide gains.
What investments might support your chosen retirement options?
As you get nearer to your intended retirement age, it’s likely you will want to review your current circumstances and choices so you can plan effectively. Depending on your plans, it may be appropriate to alter how your pension is invested.
If you are around 5 years away from your chosen retirement age, you may want to consider the information in your plan’s Retirement Guide, which offers examples of investment funds that may be appropriate to support the retirement option you are most likely to choose.
You can find fund factsheets for each in the Creative Pension Trust Member Portal. Before you make any financial decisions, we would recommend you consider financial guidance or financial advice.