If I already have a pension, is that enough?

Some people assume that having a pension is enough, but that’s not necessarily the case. You need to be confident that what you are currently saving into your pension will meet your income needs in retirement. That’s why it is so important to review your pension at least once a year to ensure it is on track, so that you have the time to adjust it if it’s not.

Realising you could have a shortfall in your retirement income early on means that you have an opportunity to bridge the gap, both in terms of time and affordability.