This is often a time when people consider the changes to their pension provision. Key questions you should ask yourself are:

• What pensions do I have already?
• What pension arrangement am I being offered by my new company, if any?
• If there is no scheme, how do I maintain my pension planning?
• How long do I expect to be here?
• What is my overall pension strategy:
  • Should I join the new scheme offered?
  • Should I make Additional Voluntary Contributions?
  • Should I make Free Standing Additional Voluntary Contributions?
  • Should I transfer the old scheme benefits into the new scheme or maybe into a personal scheme?

Other benefits you have may also significantly change:

• What life assurance cover did you have in your old position?
  • What, if any will be the level of life cover in the new position?
  • Is there a widows and dependants pension?
  • Will this cover be enough? (The Protecting yourself and your family's financial well being? section should help you consider this further)
• If you were unable to work through sickness or injury, what provision for a replacement income, did you have in your old job?
  • What, if any, will be the cover in the new job?
  • Will it be enough? (Again, the Protecting yourself and your family's financial well being? section should help you consider this in more detail)

It is important to get all the relevant information about the pension benefits offered from your new employer before you start.

As financial advisers we are trained in analysing and recognising the different options available. With suitable authorisation, we can speak to employers on our clients' behalf. We are also experienced, where there is flexibility, in assisting in the negotiation of benefits, which may be more compatible with our clients existing arrangements than those first offered.

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