Pension forecast service launched

Fri, 03 Apr 2009

Independent financial services firm AWD Chase de Vere Consulting has launched a new online service which forecasts state and employer pensions.

An estimate of the basic and additional state pension in today's money values will be provided by the new application, which works based on National Insurance contributions .

The service will allow employees to assess whether they are on track with their pensions and is thought to be the first forecast application which combines both state and employer pensions.

David Smyth, director of AWD Chase de Vere Consulting, said: "All too often people put pension planning on the back burner, no more so than in today's difficult economic climate, yet it is essential that people plan ahead."

Recent research by the Hartford revealed that two-thirds of Scottish baby boomers have not reviewed their retirement pension plans due to the economic climate, with the financial services company saying they are stuck in a "pre-credit crunch era".
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