Pensions
The Ostrich Position
What do you think of when you hear the word ‘pensions?’
Probably boredom. Possibly fear. Usually, something you would prefer not to think about. A large percentage of the population has no idea what level of income they can expect when they retire.
Your pension provision is vitally important for your future happiness. The State pension in this country is not going to provide you with anything more than the bare minimum to survive. If you want to enjoy some of the finer things in life in your later years, you must act to make it happen.
Relying on ‘downsizing’ after you retire and selling your house to provide additional
capital is not an ideal way of addressing the problem. We will explain why it is usually sensible to make other arrangements to save for your retirement.
Many older-style personal pensions have high charges, or a poor choice of badly performing funds, and can benefit from a change to a new, lower charging contract. Even final salary pensions, which you thought were guaranteed, can be under threat. We can assess all of your old preserved occupational and personal pensions and let you know the best course of action.
A-Day
Pension legislation went through a massive change in April 2006. This means that it is more important now than ever to let a specialist look at your pension arrangements.
