In the past there were no decisions to make at retirement. If you were employed, your employer would provide a pension package, the state issued a weekly pension on which you could live, and if you did have any private pensions savings of your own it was a matter of choosing the best annuity.
Today however, the choices facing the retiree are enormous. Pension freedoms, annuity, protected rights annuity, investment annuity, unsecured pension and phased retirement are just some of the options open to those planning or entering retirement. For many people, pension arrangements will be the main provider of their income in later years, for others, early retirement means the chance to fulfil lifelong dreams or enjoy the fruits of their labours. But whatever your circumstances, planning for retirement is crucial.
Getting advice from a qualified professional can help you make the right choices for you and your family.
It is not just those facing retirement who need to consider pensions. As the statutory age of retirement rises we are seeing an increasing number of clients coming to us with the request to set up pensions for their children and grandchildren in order to safeguard their financial future. As part of our early planning service we can provide pension solutions, whatever your age and according to how long and how much you wish to invest.