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Reviewing your plan

Reviewing your plan

Mechanic

It is unlikely that the plan that you have made today will stay the same until you retire and you should think about whether you need to change your plan every year or so.

Keep an eye on your pension statements to check whether you are on target to reach your goal. It is also a good idea to review your plan if your life changes significantly (for example, if you move house, have a child or inherit some money). If you are in RS section you should review your target retirement ages (BOC Lifestyle) and/or your investment options (FreeChoice) at the same time.

Having worked through these five Steps you should now have a much clearer idea of your financial future.

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Learn About Money: BOC were one of the main sponsors of the Learn About Money materials that were developed from 2002. A website version was launched in early 2004. The modules provide a good background to Working Money and can be accessed online at www.learnaboutmoney.org or by selecting a module from the following: