The Pensions Regulator
The Pensions Regulator has been established to monitor the running of occupational pension schemes. The regulator is able to intervene in the running of schemes where trustees, employers or professional advisors have failed in their duties. The Pensions Regulator can be contacted at:
Napier House
Trafalgar Place
Brighton
BN1 4DW
Website: www.thepensionsregulator.gov.uk
The Money and Pensions Service (MaPS)
The Money and Pensions Service (MaPS) provides free and impartial debt advice, money guidance and pension guidance to members of the public. MaPs can be contacted at:
Money and Pensions Service
Borough Hall
Cauldwell Street
Bedford
MK42 9AP
Website: www.maps.org.uk
Pensions Ombudsman
For disputes that cannot be settled a Pensions Ombudsman has been established with the powers of investigation similar to those of a county court.
The Pensions Ombudsman has the power to investigate and determine any complaint or dispute of fact or law concerning occupational and personal pension schemes. A complainant may appeal to the Pensions Ombudsman if they believe that they have been unfairly treated by the trustees or managers of an occupational or personal pension scheme. The Pensions Ombudsman can be contacted at:
The Pensions Ombudsman
11 Belgrave Road
London
SW1V 4DW
Website: www.pensions-ombudsman.org.uk
Retired Baptist Ministers Housing Organisation
For nearly 50 years the Retired Baptist Ministers Housing Organisation, (RBMHO) has been ensuring that retiring Baptist ministers and missionaries, and their spouse can enjoy a secure retirement in a property they can call home. They currently have more than 260 homes across the UK.
If a minister or missionary is retiring and does not have access to a home and no means to provide it for themselves, the RBMHO may be able to help. If you would you like to find out more information about the scheme please follow this link to the RBMHO website.
Retirement Living Standards
Pensions UK and Loughborough University have colloborated to develop the Retirement Living Standards (RLS) which are designed to help individuals picture what kind of lifestyle they could have in retirement and the costs involved.
The figures show how much someone may spend at retirement across three different living standards, they are an estimated expenditure, not an income. They assume you own your own home with no mortgage so you may need to add or reduce other costs depending on your circumstances, such as mortgage, rent or social care costs and any income tax on your pension. Also remember, your income may be taxed, so plan for that too. Please follow this link to access the Retirement Living Standards website.