| Retirement Planning |
In the current economic climate it has never been more important to have adequate income in retirement. Nowadays we are living longer and can no longer rely on the state pension to support us once we stop working however, many people still put off tackling their pension arrangements. The pension gap (the difference between the income we have when we stop work and the income we need to survive to the standards we would like) has been increasing in recent years. Do you know if your current pension funds will be sufficient for your income needs in retirement?
Maybe retirement seems like it’s a long way off or you feel you have left it too late to make a difference. It may just be that you are simply unsure about where to start. This is not surprising; pensions can be complicated products and there is a bewildering choice of schemes and providers. If you have 20 years left until retirement, did you know that you only have 240 more pay days until retirement (assuming you are paid monthly)?
Don’t let these issues put you off. It is never too early to start planning for your retirement or too late to boost your pension provisions.
As part of our ongoing focus on Treating Customers Fairly we are reviewing our clients’ existing investment and pension plans to ensure that they are still competitive, both in terms of charging structures and investment returns.
We use assessment tools to give you a report on your existing plans to allow you to consider whether they are invested correctly to achieve your current and future objectives, and attitude to risk. We can assess your needs against your pension requirements and other assets to find out whether you will have sufficient income when you decide to retire.
It may be that you are approaching retirement and considering your investment options. We can provide pension advice which we can tailor to specifically suit your retirement requirements. |
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