Videos

Managing your money in a cost of living crisis

To help you and other members of Somerfield Pension Scheme during the ongoing cost of living crisis, First Actuarial's financial wellbeing team has put together a short video. The video has tips on how to cope in a world of rising costs, focusing on key areas where you can save money including energy and household spending.

How pension aware are you

In this video we will walk you through five simple questions to help you reveal how pensions aware you really are. 

• Question 1 – Do you know where all your pensions are? [00:20]
• Question 2 – Do you know what type of pension(s) you’ve got? [01:27]
• Question 3 – How much State Pension will you receive? [03:44]
• Question 4 – How much money will you need to stop work? [05:24]
• Question 5 – Are you on track for retirement? [07:52]

The State Pension & how to increase it

In this video we will explain what the State Pension is, how much it is and how you may be able to increase your State Pension.

• What is the State Pension? [00:30]
• How can you get a State Pension Forecast? [03:36]
• Missing National Insurance years [04:27]
• National Insurance credits [05:23]
• How can you buy back missing years? [06:51]
• Your action plan [09:48]

How to plan for retirement

This video will help you identify the key steps in planning for your retirement. It includes: 

• When are you going to retire? [00:27]
• How much do you need to retire? [00:57]
• What have you already built up? [02:31]
• Make a plan to fill any gaps. [03:39]
• Helpful links [05:04]