Pension Checklist

from Focus on Maritime Pensions February 2023

Do you need help with a pension problem or understanding your pension?

n3 CHECK you have completed an Expression of Wish Form and that it is up to date (see below).

Does your employer have more than one Deﬁned Contribution (DC) pension arrangement? If so CHECK that you are contributing to the DC scheme that offers the highest employer contributions and highest level of Life Cover (see below).

n3 CHECK that the DC pension scheme’s Annual Management Charge (AMC) is giving you value for money.

AMC’s vary but generally they will be below 0.75% pa. Even a small percentage can increase or reduce your DC pension pot so CHECK and if your considering changing arrangement contact the scheme administrator or contact RMT for assistance.

Pension Checklist

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Do you need help with a pension problem or understanding your pension?

n3 CHECK you have completed an Expression of Wish Form and that it is up to date (see below).

n3 CHECK that the DC pension scheme’s Annual Management Charge (AMC) is giving you value for money.

More articles from this publication:

Do you need help with a pension problem or understanding your pension?

Merchant Navy Ratings Pension Fund (MNRPF) Trustee Report

Ensign Retirement Plan to be taken over by Smart Pensions

MNRPF – Ill Health Court Case

Life Cover

Education Corner

This article is from:

Focus on Maritime Pensions February 2023