Why do I need a pension?

With the majority of members looking forward to a lengthy retirement, do you know if you are saving enough for your retirement to cope for the years ahead?

Retirement for some of us might seem like a lifetime away but just take a moment to stop and think about how your life and your finances will change when you retire. How will you pay your bills? What about those little luxuries you promised yourself? With the Basic State Pension currently at only £97.65 per week, the sooner you start thinking about your retirement, the better prepared you will be.

The Prudential Staff Pension Scheme – helps you save for retirement!
To help you save for a long and happy retirement, the Company offers all eligible employees the opportunity to join the DC Section of the Scheme. It is one of the most valuable benefits offered to employees and aims to provide financial security for you and your family when you stop working.

• You receive contributions from the Company – even if you choose not to contribute
• It’s tax efficient – you normally receive tax relief at your highest rate (up to certain limits)
• It’s flexible – subject to certain conditions you can take your benefits from the Scheme and continue working

For further information about potential benefits of membership, take a look through the Members’ guide.