Consumers have been urged to consider starting a pension in the new year as they look to get their finances in order.
Traditionally, the start of the new year is a time for many people to reassess the financial services that they used last year and the financing decisions made.
Now, Cheshire Building Society has offered people a range of tips on doing just that, including re-assessing credit card arrangements and possibly investing in a new savings account.
And among the suggestions is a recommendation to get involved in the company pension schemes offered by many UK employers.
"Think long-term savings by reviewing your pension scheme and address any necessary amends that you need," it is suggested.
"If you have not already got one, ask your employer about what is offered through your job."
In December, the government unveiled details of a new national pension saving scheme that is expected to come into force in 2012.
The personal accounts proposals involve automatic enrolment and require employees to divert four per cent of their salary, with employers contributing three per cent and the government adding a further one per cent in the form of tax relief.
January is the time to plan for company pensions, it is suggested
Pensions Quote Line
0845 108 0505
January is the time to plan for company pensions, it is suggested
Thu, 04 Jan 2007
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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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