Pension savers over 50 to get ‘wake-up’ alerts on retirement pots from next week – how you can save more

Pension savers over 50 to get ‘wake-up’ alerts on retirement pots from next week – how you can save more

PENSION savers above the age of 50 will get "wake-up" alerts about their pensions from next Friday.

The aim is to encourage those who aren’t saving enough to act quickly to get their pension pots on track. Over-50s will get "wake-up" alerts about their pensions every five years from next week Credit: Corbis The documents, which include a single page summary, will tell you the size of your pot and indicate the income it might generate when you retire.

They will also include how much you’re being charged, how the pension is invested, where to turn for help and the risks […]

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