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Mortgage - Pension Forecast Required

Royal Mail pension news and discussion.Please note the advise given in this forum is unofficial, please use the links we have for a more detailed response or see an independent financial adviser.
RnRDave
Posts: 6
Joined: 31 Oct 2016, 18:29
Gender: Male

Mortgage - Pension Forecast Required

Post by RnRDave »

Hello all

We are currently in the process of buying a new house and taking a longer term than we wanted to for first 5 years as my wife goes on maternity soon so wanted lower monthly payments.

The mortgage company want to see a pension forecast for myself (I'm 38 year old Postie and been with RM for nearly 5 years) as our mortgage term takes us over my retirement age (taking out 35 years).

Who would I have to contact to get this forecast? I've always just put pension stuff to the back of my mind until now.

Cheers in advance you legends.
RobertT
EX ROYAL MAIL
Posts: 6644
Joined: 09 Sep 2007, 14:26
Gender: Male

Re: Mortgage - Pension Forecast Required

Post by RobertT »

You're presumably in the RM Defined Contribution Plan with Scottish Widows?

You should be getting an annual paper statement each year.
Whether you can request a statement at any other time, I don't know, but you can login to the Money4Life website to get an up to date valuation.

All in the info on your plan is via this link: https://www.scottishwidows.co.uk/save/royalmaildcplan/
Links to all RM pension related websites are here
RnRDave
Posts: 6
Joined: 31 Oct 2016, 18:29
Gender: Male

Re: Mortgage - Pension Forecast Required

Post by RnRDave »

Brilliant thank you!

I will try and give them a ring tomorrow. I think I threw away any previous letters. 😬