Pensions
Most of us now recognise the need for planning ahead to save for when we retire. There is an increasing emphasis on the need for individuals to pay into private pensions so we don’t need to rely on government handouts in old age.
With ever changing rules surrounding pensions from the introduction of stakeholder pensions to pensions simplification, the number of retirement planning choices increases. Are you better off in a money purchase or final salary scheme, in an occupational scheme or a personal pension and which pensions funds offer your preferred level of risk and desired growth potential?
It’s really worthwhile to discuss these questions with an Independent Financial Adviser (IFA). An IFA will consider your individual circumstances and make recommendations specific to you.
As you approach retirement, an IFA will also be able to advise on which is the most appropriate way to draw your pension. Is it through a traditional annuity, phased retirement, income draw down or a combination?
Choosing the right pension or retirement scheme is not simple, particularly when there are so many providers and products and only an IFA can advise on every aspect of pension and retirement financial planning.
Optimum Independent Financial Advisers are able to research the whole market to ensure the most competitive and suitable products from the most appropriate providers are recommended for your individual circumstances.
To book a private and no obligation initial pension or retirement review please use our online booking form or telephone 01206 366700.