Pension Monster aims to help people better understand their retirement options and how much more they may need to save to provide for the retirement they want. The tool is free to use at www.pensionmonster.com

Who is it for?

Pension Monster is ideal for people who are starting to consider their retirement savings but who may not be ready to seek professional advice just yet. A user provides some basic details about their situation and goals, and Pension Monster creates a simple report providing tailored information about their retirement options and shortfall analysis, as well as some product suggestions. Users can print or email their report ready for a discussion with an Adviser.

How does it help Advisers?

Pension Monster saves considerable time at the initial fact finding stages of the pension planning process. It costs nothing to use and provides an easy way for Advisers to engage with new clients and understand their current financial position and retirement goals.

Pension Monster allows Advisers to determine the most appropriate service to offer their client, for example a transactional service or face to face meeting.

Advisers can monitor when a report has been completed through a powerful Link & Track feature, which may indicate the client may be ready for further discussions.

If required, for a small annual charge, the system can be tailored to include an Adviser’s company logo and/or preferred products panel.