I'm thinking about retirement

Getting help with your retirement choices

There are a number of places you can go to get help with your retirement choices, andLegal and General have created an online retirement education portal, yourpensionoptions.legalandgeneral.com/co-operative to provide you with information on all the options.

If you’re thinking about buying an annuity (using the money in your account to buy a pension from an insurer), you should consider taking advice. Legal & General can also help members who want to buy an annuity, by helping you shop around for the best deal. While the Pace Trustees have facilitated access to this service, they are not recommending any particular course of action and are not responsible for information provided by the service.

Another option available to you at retirement will be to transfer your account into Legal & General’s Pension Access Scheme (PAS), which is a Mastertrust setup to help pension savers access their money flexibly. Legal & General are the current administrators of Pace DC, so you’d be able to continue to use their online system, Manage your Account, if you transferred to the PAS.

For more information on annuities, the PAS and your other options at retirement visit yourpensionoptions.legalandgeneral.com/co-operative or call Legal & General on 0345 070 1148.

MoneyHelper is a Government service that provides free guidance and information to help you manage your finances, including your pension. All of the information that was previously available through Pension Wise, The Pensions Advisory Service and the Money Advice Service has been moved to the MoneyHelper website. Go to www.moneyhelper.org.uk for more information.

Choosing what to do with your pension savings is an important financial decision; you can often get more for your money by shopping around. Please note that MoneyHelper can only provide general guidance and not personalised advice. Neither the Trustees, The Co-op nor Legal & General can provide you with financial advice. You can speak to a financial adviser for personalised information. To find an adviser in your area, go to www.moneyhelper.org.uk and search for ‘retirement adviser’.

The retirement guide has a list of other organisations who can help you with your retirement planning.