Information packs were posted to all members on Monday 23 March, although we are aware that some of you may not have received yours yet. They are on their way to you but as the Royal Mail is struggling with double the level of absentees because of the Coronavirus, many places are experiencing delay in delivering packages that are larger than a normal envelope. This is why some of you will have received your introduction letter from WPS Advisory Ltd but not your packs. Please be assured that this does not mean they have been mis-directed or lost.

At present, the financial advice on offer is not affected by the Coronavirus. Please ‘phone WPSA if you would like a conversation about your pension options – even if you haven’t received the hard copy of your pack yet.


Not received your pack yet?

Other Pension Schemes

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The pension benefits you get from the Plan are likely to be just one part of your overall retirement savings. You may have savings in a personal pension, other Mitchells & Butlers pension plans, including any AVCs, workplace pension schemes from previous employers, other private investments and the State Pension.

No matter how far away retirement is for you, it is always worth thinking of that bigger picture. What have you got and where? What might that look like when you come to take your benefits? Knowing this will help you decide:

  • how much you should be saving into any personal pension schemes you hold between now and when you retire to get the income you need in retirement,
  • whether you are likely to exceed the tax limits on your retirement savings. Find out here what those tax limits are,
  • where to invest your retirement savings,
  • how you plan to take your benefits – do you want a regular income or to have a flexible approach to taking your money,
  • when you plan to retire, and
  • the benefits your dependants will be entitled to when you die. 

If you have lost touch with a previous employer’s pension scheme, you can trace the scheme’s contact details using the government’s pension tracing service. And you can find out more about the State Pension here.

Once you know how much you are likely to get from your other pension schemes and the State Pension, this can be a great starting point to work out how much you need to save between now and retirement to build up enough money for the income you want.