Skip to content Menu

Noticeboard

Thinking about retiring?

Discover how much you might spend during your retirement with Aviva’s spending calculator.

Read more

Have you reviewed your investments and selected retirement age recently?

The default retirement age on your CRISP account is 65.

Read more

Stay scam smart

Scams can be hard to spot and are often disguised with credible websites, recommendations and professional looking documents.

Read more

Thinking about retiring?

Discover how much you might spend during your retirement with Aviva’s spending calculator.
 
Take a look at Aviva’s Retirement Options brochure in the Documents section.
 
Check out Aviva’s retirement planner.

Get help from Mercer Harmonise Retirement Income Service - Link.

Have you reviewed your investments and selected retirement age recently?

The default retirement age on your CRISP account is 65.  The State Pension age is now 66 and will be 67 by 2028.  Does your selected retirement age on your CRISP account reflect when you’re planning to retire?
 
If you’re invested in the default fund 
Your investments will automatically start de-risking eight years before your selected retirement date.  Choosing a retirement date that is too early could mean your pension starts de-risking too soon and you could miss out on higher investment returns.  Choosing a selected retirement date that is too late might leave your savings overly exposed to a sudden market fall just before you retire.

If you’re invested in self-select funds  
Remember, self-select funds do not automatically de-risk as they are not lifestyle funds, so you may not be invested appropriately as you get closer to retirement.  Your savings could fall in value at the worst time.  How would you feel if your savings fell in value by 10% or 20% immediately before your retirement date?  How would this affect your retirement plans?  It’s important to regularly keep an eye on your investments.
 
What is de-risking?
De-risking is where your pension investments are slowly switched from higher risk funds, which may offer higher return, to lower risk, lower return funds, as you get closer to your selected retirement date.  This is known as ‘lifestyle’ approach.
 
You can change your selected retirement date or change where your funds are invested by logging onto your CRISP account online or via the MyAviva app.

Stay scam smart

Scams can be hard to spot and are often disguised with credible websites, recommendations and professional looking documents.
 
Follow these simple steps to help protect from scammers:
 
1.       Reject ‘too good to be true’ offers that come out of the blue.  Cold calling is illegal and an offer of a free pension review is almost certainly a scam.
 
2.       Check that who you are dealing with is on the FCA register at register.fca.org.uk and contact the firm directly.  Call 0800 111 6768 to check they are authorised to give pension advice and check www.fca.org.uk/scamsmart for known scams.  If you don’t use an FCA-authorised firm, you’re unlikely to be able to access compensation schemes if anything goes wrong.
 
3.       Don’t be rushed or pressured to act quickly; time-limited offers are likely to be a scam.
 
4.       Get free independent, impartial information and guidance from www.pensionsadvisoryservice.org.uk or contact an independent financial adviser; you can find one at www.moneyhelper.org.uk.
 
If you suspect a scam, report it.
Use the online reporting form on the ScamSmart site or on 0800 111 6768. 
You can also report it to Action Fraudon 0300 123 2040 or at www.actionfraud.police.uk.
 
Be ScamSmart with your pension.  To find out more, visit www.fca.org.uk/scamsmart.