I turn 60 this year. I have a minor pension fund with Eagle Star. I wasn't really focussed on it as I have a larger pension. I was under the impression that Eagle Star were supposed to write to me two years before I turned 60 to advise me to switch into a cash account.
Am I wrong?
I looked on the pensions board website, but no joy.
If you chose Eagle Star's Pension Star fund option, they automatically switch you to lower risk assets as you near your selected retirement age. (Did you select 60 as your retirement age, by the way?)
If not, it's up to you or your adviser to switch your funds.