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Pay your pension some attention

One in three people expect their workplace pension to be the most important source of their retirement income*. Since your pension is such a big part of your future, it’s really important to keep an eye on it so you can get the most out of it.

With life being so busy, you've probably got lots of priorities competing for your time. But by paying your pension some attention today, a few small steps could help you reach your future goals. 

*The Fidelity Global Sentiment Survey, 2022

Step 1: Look back to yesterday

If you've worked for more than one employer, it's likely you've already got more than one workplace pension. A great way to start tuning into your pension is to track down your old workplace pensions to find out how much you’ve already saved - and make sure your details are up to date.

There are billions of pounds out there in lost pension money

Could some of it be yours? Track down any lost personal or workplace pensions using the Government's free Pension Tracing Service.

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Step 2: Lean in to what you've got today

When life’s busy, it’s easy to dismiss your pension as something to think about later. But the actions you take now could have a real impact on your future. Take these small steps today, that could make a big impact on your tomorrow.

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Know how much you're saving

Log into PlanViewer and check your contributions.

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Keep your contact details up to date

Make sure we can keep you updated about your Fidelity pension.

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Nominate your beneficiaries

It's important you tell us who you'd want to receive your pension savings if you die.

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Your essential to-do-list

If you have some extra time, take a few extra minutes to complete our essential to-do list. It will only take five to ten minutes so it’s worth investing the time.

Get started now

Step 3: Move forward to your tomorrow

You’re already paying into a workplace pension, which means you’re making good progress towards saving for the future. Now might be a good time to take a closer look at your goals, understand what you've saved so far and check that you are on track. If you think you're behind on your targets, we’ve got some small steps you can take now that can make a big difference over the long term.

The figures quoted in these tools use generic assumptions and estimations designed to give some simple rules of thumb to help you look into your retirement savings journey and beyond. The figures are not personalised to you. They're based on average household incomes in the UK with typically two working adults and two state pensions. The assumptions we use may not represent what actually happens in the future. The tools should, therefore, not be used as a detailed retirement plan or act as a replacement for professional advice.

How much do I need to retire?

7 X your household income. With saving milestones to get you there.

Explore the tool

How much should I be saving?

13% of your annual household income. Explore what this means.

Explore the tool
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Bridge the gap to meet your goals

Worried your current contributions won’t be enough to meet your retirement goals? You’re not alone – 1 in 3 people* are afraid their retirement savings will get used up sooner than they’d expected. 

Taking the small step of putting an extra 1% of your monthly salary into your workplace pension could potentially increase your savings now and boost your pension pot for retirement.

*The Fidelity Global Sentiment Survey, 2022

Boost your savings

Personalised small steps

Is retirement barely a blip on your radar, or is it a worry that keeps you up at night? Whatever stage you’re at in your retirement savings journey, there are some small steps you can take today to feel more prepared for tomorrow.

Saving in your 20s & 30s

Retirement may seem a long way off but starting to save now can give you an opportunity to benefit from investment growth and compounding.

Saving in your 40s & 50s

You may have been saving towards your long-term goals for some time. Now might be a good time to look at your goals and check how you’re tracking.

Saving in your 60s

As your retirement plans are shaping up, we’ve identified five small but important steps that can help you make the most of your pension.

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Proud supporters of the #PensionAttention campaign

At Fidelity we believe that looking after your financial health is as important as looking after your physical health. And that’s why, as the provider of your workplace pension, we want to help you to feel good about your money, your pension savings and your future.

So we’re proud to back the #PensionAttention campaign, coordinated by the Association of British Insurers (ABI) and the Pensions and Lifetime Savings Association (PLSA). Its sole aim? To help the nation pay their pensions some attention.

*The Fidelity Global Sentiment Survey, 2022. The data collection, research and analysis was completed in partnership with Opinium, a strategic insight agency. Data collection took place between August 2022 and September 2022 and includes a sample of 1000 UK adults. The sample consisted of respondents with the following qualifying conditions: aged 20-75, either they or their partner were employed full-time or part-time and had a minimum household income of £10,000 annually.

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