AWD Chase de Vere online state pension forecast service

AWD Chase de Vere Consulting, the employee benefits and pensions specialist, has launched an online service to provide employees with their State Pension forecast as well as their employer's pension forecast.

The State Pension forecast gives employees in today's money values, an estimate of the basic and additional State Pension they may get based on their National Insurance contributions so far, as well as a projection of these benefits at State Pension Age.

The combined State Pension and employer's pension forecast will enable them to better assess whether their savings are on track, or whether they need to save more to achieve their income expectations in retirement.

AWD Chase de Vere Consulting was the first employee benefits consultancy to launch a combined pension forecast service when the Government originally introduced the service in 2004. Following the relaunch of the Department of Work and Pensions service this year, AWD Chase de Vere Consulting is now believed to be the first employee benefits consultancy to provide employees with combined forecasts, available online, at home or in the workplace.

David Smyth, Director of AWD Chase de Vere Consulting said: "All too often people put pension planning on the back burner, no more so than in today's difficult economic climate, yet it is essential that people plan ahead. A number of our competitors are delivering manual paper-based pension forecasts, but we do not believe this delivers the level of access needed by employees. Our service can be made available automatically to all staff, without delay, no matter how large the organisation.

"Our new combined pension forecast services delivers accurate forecasts to employees online, meaning they can review their pension arrangements at a time that suits them best."