Aspire to Retire launches pre-retirement service

Aspire to Retire has launched a pre-retirement service that enables employers to provide employees with access to pre-retirement guidance and advice.

Your path to a better retirement aims to educate pension scheme members on their retirement options and engage employees earlier in their approach to retirement.

The service includes:

• A retirement pack containing information on different retirement options.
• An online platform for employees to review their lifestyle and financial position.
• Telephone specialists to answer questions.
• Access to an annuity broking service, with guidance on open market option decisions.
• Advice for those requiring complex retirement solutions.
• Assistance with governance and regulatory requirements for employers.

Rob Tinsley, principal at Aspire to Retire, said: “Employees often start thinking about their retirement options between six and nine months before their actual retirement date.

“All too often, [employees] make the wrong choice, missing out on thousands of pounds of lost income over their retirement.

“The Your path to a better retirement service encourages employees to access support and guidance much earlier in their approach to retirement.”