Online retirement planner to offer pension advice

Thu, 06 Jul 2006

A new system has been set up to help UK residents plan their finances upon reaching retirement.

The retirement planner, from Standard Life, will give customers a detailed report based on pension and other incomes against outgoings.

Designed to be easy to use, the system could help UK residents to have a clear idea of their finances and be able to plan their life upon reaching retirement.

Manila McLean, head of customer service e-commerce, said: "Saving for your retirement is one thing, but aiming for a particular standard of living in retirement is another."

"The retirement planner is an extremely useful tool for both customers and financial advisers, because in a matter of seconds it provides a very clear picture of your retirement income."

She adds that the information enables users to start considering whether your perfect plan for reaching retirement is within reach and how they might turn it into a reality.

Standard life offers advice on a range of pension options, including company pensions, personal pension plans and advice about the government's pension reforms.

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Pensions.co.uk is part of a large network of financial sites created to help advise you on life events, such as buying a house, Mortgages.co.uk; insuring your car - CarInsurances.co.uk; your life - LifeInsurance.co.uk; and your home - HomeInsurance.co.uk.

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