We make pensions work

Meaning more money for your future

Making your pension work smarter

Managing your private pension can be daunting, and you may be unsure that your pension will deliver for your retirement. At Pension Works, it’s our job to make sure your private pension is working smarter, and our no-obligation Pension HealthCheck will provide pension advice tailored to you.

No matter how you picture your retirement, the last thing you want to discover is that your hard work and saving into your personal pension has still left you short due to hidden fees and weak investment growth.

Pension Works’ free, no obligation Pension HealthCheck will evaluate your private pension(s) to see if they are performing as they should. If your private pension isn’t performing, our pension advice will help you get back on track with your retirement plans. If your pension is in good health, we’ll tell you, and it will cost you absolutely nothing for that peace of mind.

How much could you be losing?

Simply moving to a policy with lower fees, your pension could grow by:

£63,000

Figures based on a pension fund value of:

£70,000

Pension Works - Pension performance graph

*Figures based on comparisons between pension policies charging 0.5%, 1% or 2% annual provider charges. Pension fund value assumed 5% annual growth. Based on a £70,000 pension fund and example client being 40 years old and retirement at 65 years. Graph is for illustration purposes only. Please note investments can go down as well as up.

Why Pension Works

No obligation, no pressure

Our Pension HealthCheck comes with No obligation and No pressure. If your pension is performing we’ll tell you so, and it won’t cost you a penny.

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Independent and transparent

Pension Works are not tied to any pension provider. This allows us to stay independent and only select the most suitable and best-performing policies for you.

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FCA Regulated and ISO 9001 Accredited

We are authorised & regulated by the Financial Conduct Authority, and ISO 9001 accredited, meaning our advice will always be in your best interests.

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Convenient and flexible service

Being a telephone and internet based business, we can provide independent and professional pension advice at a time that suits you.

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We take great pride in our work

We work with the whole of the market including the biggest pension providers across the UK

Is your pension working hard enough?

It's important to keep an eye on your investment. We'll tell you how it's performing, and what you can do to potentially improve it.

How does the pension market work?

Pensions are tax-efficient long-term savings to provide for your retirement. There are two main kinds – Defined Benefit and Defined Contribution.

Your Life stage matters

Your pension priorities might change as life goes on. Tell us your life stage, and we'll explain what's right for you.

*Defined Contribution Pensions*	These are ‘Pot of Money’ pensions where the benefits provided take into account the value of the fund at retirement. They can be personal pensions or Occupational Pensions. There are no guarantees as to what pension will be provided. This will be a reflection of contributions made and investment growth.
*Defined Benefit Pensions*	These offer the promise of a guaranteed pension at retirement which reflects the length of service with an employer. It will be based on either the Final Salary or Average Career Salary of the employee. Providing the company is still in existence, there is no investment risk for the pension receiver. This type of pension is becoming less frequent.
*Private Pensions*	This is a generic term for pensions that are not workplace schemes.
*Group Personal Pensions*	Employer-sponsored schemes – each member has a personal pension plan, and their contract is with the pension provider. The employer’s role solely is to select the scheme provider, decide if there should be any restrictions on fund choices and take contributions from the employee’s pay and forward them with employer contributions to the pension provider.
*Self-Employed Pensions*	A private pension arrangement or personal pension is taken out by a sole-trader or self-employed worker.
*SERPS Pensions*	State Earnings Related Pension (formerly Graduated Pension and subsequently State 2nd Pension or S2P) was an additional element of State Pension for employees. The amount of pension was linked to the employee’s salary. SERPS was abolished in 2016 when the flat rate State Pension was introduced.
*Personal Pensions*	Private pensions are contracts between the pension member and an insurance company or another pension provider.
*SIPP Pensions*	These are personal pensions where the member has a much wider choice of investments, including commercial property and single company shares.
*Stakeholder Pensions*	Personal Pensions with a set of rules that impose amongst other things a maximum annual management charge (AMC), low minimum contribution levels (£20 per month) and an appropriate Default fund.
*FSAVC Pensions*	Private pension linked to an employer’s Defined Benefit Scheme but separate from the Scheme’s internal Additional Voluntary Contribution (AVC) arrangement – largely defunct since the rules were eased several years ago, allowing people to contribute to both personal and employment schemes as they wish.
*Money Purchase Pensions*	This is another name for Defined Contribution Pensions.

Making your pension work smarter

How much could you be losing?

Why Pension Works

No obligation, no pressure

Independent and transparent

FCA Regulated and ISO 9001 Accredited

Convenient and flexible service

We take great pride in our work

We work with the whole of the market including the biggest pension providers across the UK

Is your pension working hard enough?

How does the pension market work?

Your Life stage matters

Fill in the form and we'll contact you

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