When life changes, don’t forget your pension

Life is full of change. Whether it’s getting married, starting a family, buying a home, going through a separation, or even planning for retirement.

These milestones often bring new priorities and responsibilities. One thing that can be easy to overlook in the moment is how these changes affect your pension.

Your pension is one of your most valuable long-term assets. Making sure it reflects your current circumstances helps to protect both your future and your loved ones.

Your checklist for when life changes

• Update your details: If your name, marital status or address has changed, make sure your pension records match – it makes things easier when it comes to taking your pension (and for us to keep in touch with you).

• Review your Expression of Wish: This is who your pension benefits may be paid to if you die before retirement. A big life event, like marriage, divorce or having children, is the perfect time to check that your nomination is still right.

• Think about contributions: A change in income, expenses or household setup might mean adjusting how much you’re saving for retirement.

• Look at your investments: Your attitude to risk can shift at different stages of life. If you have Defined Contribution pension savings with Citi, it’s worth reviewing your pension investment options to make sure they still fit your goals.

You don’t have to wait to make a change. Login to MyCitiPension to update your personal details, check your contributions and change your beneficiaries.

Some decisions can be more complex. In times like that, a financial adviser can help you navigate your options. If you don’t already have one, the FCA has a free directory to help you find a financial adviser.