If you are a deferred member, and you are approaching retirement and have received a quotation of your Plan benefits at retirement, have a look at our pension modeller at: https://baxter.gateway2retirement.com. It is available from 1 January 2020.

This free modeller will help explain the options available to you within the current pension freedoms environment, if you were to transfer the value of your Plan benefits to another pension provider. You will be able to model what your transfer value could purchase for you on the open pensions market and compare this to the pension options available from the Plan. You can look at similar choices for any other pension funds you might have elsewhere, so you can consider options for all your pensions in one place. The website will also help you if you wish to consider these options in more detail and explain where you can obtain further guidance and advice. As always, the Plan’s Trustee strongly encourages members to take independent financial advice on their pension options.