Retire smiling with independent pension advice...

You should be free to spend your well-earned retirement doing the things you’ve always dreamed about.

Many people come to us with badly performing pensions and are worried that they may have to change their retirement plans by having to continue to work through their retirement. Generally their pension fund is not enough to produce the income they need at their desired retirement age. It is no wonder many people believe that saving into a pension is a waste of time.

Unfortunately, many of these people haven’t had the right guidance and pension advice to prevent an underperforming pension fund and so many people leave it until the last minute when it may be too late to maximise their pension fund.

Effective pension planning is just that, a process of planning and aiming for financial goals, ideally with at least 5 years before you want to retire. When you consider that people are living longer these days, you could spend around one third of your life in retirement so it’s extremely important to have an effective retirement plan in place.

Why is my pension fund underperforming?

There are many reasons why the fund within your pension is not growing as it should be. The most common reason is that people do not receive sound pension advice and undertake regular reviews with an independent financial adviser.

If you haven’t reviewed your pension in a long time, you need to ask yourself:

• Are you paying high plan and provider charges?
• Are you saving enough money into your pension compared with how long you have left until you retire?
• Do you know how much you require in retirement to live comfortably?
• What is the asset mix of your pension fund and does this match your current attitude to investment risk & volatility?
• Is your pension fund managed by the original fund manager or has the fund manager changed since the plan inception?
• Is the type of pension you have suitable for your needs and circumstances?
• Has a change in pension legislation affected my pension?

How can your pension advice help to maximise my pension?

The first part of the pension advice process is to identify your retirement goals and get a picture of your ideal lifestyle in retirement. We will then calculate how much income you need to achieve that lifestyle. We will however be realistic with you and not create false hopes. We will be honest with you at all times.

We will carry out a full audit of your existing pensions with the aim of answering as many of the above questions as possible. This will enable us to get a picture of where you are now and how we can help to improve your pension fund if necessary.

After creating a retirement plan for you, we highly recommend that you review your plan with us on a regular basis, at least once a year. At a review, we will make sure you are on the right track to achieve your goals and what adjustments if any you need to make to your pension plans.

Are you ready for your free pension advice consultation?

If you think your pension fund could do better, contact us to book a Pension Advice Consultation and receive expert guidance from our independent pension advisers.

If however you are approaching your retirement age and you are confused about all the options, read our guidance on Pension Annuities.

Request Your Free Pension Advice Consultation >>