Pension Reviews
An analysis of existing pension arrangements looking at their suitability following recent pension legislation. This will be carried out in the following stages:
An Overview
An overview of your existing pension savings and their worth at retirement highlighting any potential shortfalls, the implications of your existing plans and key actions you should consider making now in taking into account your current attitude to risk.
Purpose
To assess your own pension funds and whether you are on target to achieve the financial retirement you expect.
Benefits to you
Knowing exactly what you have and where you want to be can put you in control of your retirement planning. There may be a shortfall in your savings and, if so, then the earlier you start saving the less it can cost in the longer term.
Pension Consolidation
A detailed report explaining the benefits and drawbacks of transferring some or all of your existing pension savings to the same place and how the move may affect how you can take your benefits at retirement. The report will provide clear recommendations on just what to do next even if this is "stay where you are."
Purpose
To assess the benefits of transferring your existing pension benefits to a new scheme and whether these benefits outweigh any drawbacks there may be.
Benefits to you
Having your pension savings in one place can make them easier to monitor and can mean you take advantage of lower charges and a wider range of investment funds. Without understanding the full implications is unwise as there can be hidden penalties and changes.
The Paperwork
If a transfer is agreed we will complete the paperwork needed by your old and new pension scheme providers and liaise with the scheme administrators.
Purpose
To complete the paperwork for any recommended moves and assist in the smooth transition from old to new pension provider.
Benefits to you
This will remove from you the onerous administration of scheme paperwork.
Investment Report
A detailed report and investment service identifying how much you should be saving and recommending where your savings should be invested. We will then complete the necessary paperwork.
Purpose
To identify how much you should be saving to achieve your retirement income needs and to recommend the most suitable investment or pension provider.
Benefits to you
Achievement of your retirement goals in a tax efficient manner.
