How well do your clients understand their pensions? Keeping track of the different types of plans and what can be expected from them can be difficult – and that’s without factoring in bankrupt employers.
The latest Legal Health Check doesn’t have all the answers, but it does contain information that can be the foundation of a better understanding of the ins and outs of pensions – the difference between defined-benefit and defined-contribution, for example, and what happens when a plan is under-funded.
Two other Legal Health Checks also deal with post-employment finances – the Annual Pension Checkup is a checklist of things to stay on top of with workplace pension plans, and Your retirement income outlines where the money comes from once people stop working.
All of these Legal Health Checks and more are available on the CBA website, ready to be printed and handed out as information aids to your clients.