Options at retirement

Fraudsters may approach you by email, phone, text or in person. Be especially wary if someone promises you early access to your pension or tries to convince you to withdraw money to invest somewhere with a high return. Unsolicited phone calls about your pension are illegal. Learn more about the warning signs of fraud and how to protect yourself, with our pension fraud prevention checklist.

As you reach your later years, it may be worth thinking about who you’d like to take over when you need it.

Your AJ Bell pension is set up under trust, meaning it’s outside of your estate and isn’t covered by your will. It’s important you tell us who your pension beneficiaries are, keeping them up to date. You can do this through your AJ Bell account.

Making a will tells your loved ones what you’d like to happen to your estate when you die, including accounts like ISAs. You can make a will through a solicitor, who can also give you advice on your situation, there are also will writing services available. More information is available on the gov.uk website.

Making a power of attorney means someone can manage your affairs if you’re unable to. A property and financial power of attorney lets one or more people you trust manage your pension and other accounts, giving you peace of mind should you become ill or incapacitated in your lifetime. You can find out more and make a power of attorney through the Office of the Public Guardian or by contacting a solicitor.