Help Yourself

Q1 Your retirement plans

Thinking about your retirement plans, when do you plan to retire?

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why are you asking?

The further you are from retirement, the more investment risk you may be able to take. This is because if the value of your additional pension savings falls, you should still have time potentially to make up the losses, either through future investment growth, or by saving extra.

On the other hand, the closer you are to retirement, the less time you'll have to make up any falls in value.

Q2 Your additional pension savings

What would you say is your main reason for building up additional pension savings?

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why are you asking?

The reason why you’ve built up additional pension savings may indicate how important a part of your retirement savings they are. In turn, this could affect how you decide to invest your additional pension savings.

Q3 Your salary

What's your current salary?

(your answer is confidential and won't be retained electronically)

why are you asking?

How much you earn gives an indication of how much you're likely to be able to save towards your retirement, how easy it might be for you to save more if you need to, and how much investment risk you might be able to take. Your current salary, together with your answers to the other questions in Help Yourself, will enable us to provide you with a more tailored idea about the investment options you might like to consider for your additional pension savings.

The information you provide in Help Yourself is confidential and is not stored electronically.

Q4 Shortfalls

If the value of your additional pension savings fell significantly, what would you prefer to do?

* this suggested figure is the real cost to you after tax relief; that is, the amount you’d see your take-home pay reduce by

*
why are you asking?

Most investments go down as well as up in value. How you deal with falls in value will influence the type of funds you should think about investing in.

If the value of your additional pension savings falls significantly, you might find that you'd need to save a reasonable amount extra, or plan to work several years longer to give your savings time to grow.

Q5 Ability to save

If your retirement income looked like it might be less than you hoped, how easy would it be to save an extra, say, £80£120£125£200 of your basic salary each month*?

* this suggested figure is the real cost to you after tax relief; that is, the amount you’d see your take-home pay reduce by

why are you asking?

Most investments go down as well as up in value. This, in turn, will affect the value of your additional pension savings and ultimately your pension. Your ability to save more towards your pension if your additional pension savings do fall in value will influence the type of funds you should think about investing in.

Q6 Using your savings

When you retire, how are you most likely to use your additional pension savings?

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why are you asking?

When you retire, you can use your additional pension savings to provide cash (up to permitted limits) and/or provide extra pension. How you intend to use your additional pension savings may affect how you decide to invest them in the years leading up to your retirement.

Q7 Attitude to risk

Thinking about your attitude to money, which statement do you identify with most closely?

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why are you asking?

Some investments are more risky than others (that is, they go up and down in value significantly). Your attitude to money and taking risks will influence the types of funds you are comfortable investing in.

Q8 Control

How much control do you want over how your additional pension savings are invested?

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why are you asking?

The Scheme lets you take a hands on or a hands off approach to your investments, so you can get actively involved as much or as little as you want.

The approach that suits you will depend on how much time you're prepared to spend managing your investments, and how confident you are about making investment decisions

Results

The boring but important stuff

Help Yourself is a simple tool with a serious aim – to
help you think about your investment choices and
what suits you.

Based on your answers to the questions, it gives you some ideas about the investment option and funds you might want to consider. What it doesn't do is give financial advice or recommendations. It's too simple for that.

By using Help Yourself you accept its purpose and understand its limitations. If you want to know more about how Help Yourself works and what it does, click the terms and conditions button above.

Now we've got that out of the way, click the button below for your results.

Terms and conditions

Help Yourself is for general guidance only. Please make sure you understand how it works and its limitations before obtaining your results. By using Help Yourself you agree to the points and terms of use set out below:

  • Your investment options: Members of the defined benefit (DB) section of the ITV Pension Scheme can invest their additional pension savings through a hands on or hands off approach. There are 4 hands off options (Focused (mainly pension), Focused (cash at retirement), Blended (mainly pension), Blended (cash at retirement)) to choose from, and 15 investment funds through the hands on approach.
  • About Help Yourself: Based on your answers to 8 simple questions, Help Yourself will suggest whether the hands on or hands off approach might suit you, it also gives you some ideas about what option you might like to consider if you decide to invest through the hands off approach, and the types of assets you might like to consider if you decide to invest through hands on. These options and asset types are suggestions only based on your response to the questions.
  • Help Yourself cannot take account of your personal circumstances; it asks a limited number of general questions and because of this you should not regard any of the information it provides as either financial advice or recommendations.

    Neither the Trustee of the ITV Pension Scheme (ITV Pension Scheme Ltd, the “Trustee”), ITV plc, including all Participating Employers of the ITV Pension Scheme (together “ITV”), nor Towers Watson an independent firm of actuaries and consultants authorised and regulated by the Financial Conduct Authority, the Trustee’s investment advisers, can be responsible for any decisions you make based on Help Yourself.
  • Getting advice: You are responsible for carrying out your own investigations before deciding how to invest your additional pension savings; you should take impartial financial advice if you're not sure what to do or want specific advice about your own personal circumstances.

The 'small print'

Help Yourself has been developed for the Trustee and ITV by Towers Watson. Access to Help Yourself is provided to you by the Trustee and ITV and is subject to the terms and conditions set out above.

Help Yourself is made available to you without any acceptance of responsibility by Towers Watson and all warranties are excluded to the extent permitted by law. In particular, no representation, warranty or undertaking, expressed or implied is or will be made or given by Towers Watson in relation to the accuracy or completeness of the information provided by Help Yourself for use as the basis for making investment or pension planning decisions.