To make members pension savings work as hard as possible we ask them to split them into three buckets. Members are given projections all the way through and can change the amounts in each bucket and nothing is set in stone.
Keeping members in control of their money.
Allowing members to decided how they want to split their savings for the retirement they want to have.
Two different income buckets to meet members changing needs in retirement.
Flexible income bucket
Members use this bucket to take a regular income in the early years of their retirement. We’ll show them how much they could take on a regular basis to help them plan for retirement.