Legal & General is offering a podcast, which it claims can help customers to make decisions on contracting out for the current financial year.
The podcast will be available for customers contracted out to the state second pension, additional to a letter which they will recieve.
Letters have been sent to customers for three years, suggesting that customers could maximise the pension they receive after reaching retirement by contracting back into the state second pension.
Adrian Boulding, Legal & General's pensions strategy director, said: "As well as our pensions customers receiving their letter, we hope the three minute podcast … will be a useful extra source of customer friendly information for them.
"They can listen to the key things they need to consider when making their decision for this tax year."
Mr Boulding added that Legal & General last discovered that most customers chose to remain contracted out to the state second pension when given the choice last year.
Legal & General announced earlier in the week that its 2006 sales had been boosted by demand for annuities and home protection policies.
New pension podcast from Legal & General
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New pension podcast from Legal & General
Fri, 20 Oct 2006
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