Retirement & Pension Planning

Making sense of the various pension plans people collect throughout their working lives is a common occurrence for our advisers.  We are regularly asked to help people to understand the pension plans they have, whether they’re fit for purpose and what they need to do to make sure they can retire at the age they desire with the income they need.

So don’t be worried if you have a collection of pension plans that you’ve amassed over the years and you don’t know how to make sense of them.  To be honest that’s normal.

We are also regularly asked to help guide clients through the complicated process of accessing pension benefits when they’re ready to retire.  Should you buy an annuity?  Use drawdown plans, the new flexible access rules introduced by George Osborne or maybe a combination of all of the above?

Finally, we specialise in final salary (aka defined benefit) pension transfer advice.  Since the introduction of flexible pension access we have seen a marked increase in clients approaching us to help them identify whether they should stay in their employers pension plan or transfer to a personal arrangement.  This is a complicated area of financial planning and one that we feel we excel in.

Should you need an in depth analysis of the pros and cons of transferring a final salary pension then contact us for an initial consultation.

For a free initial consultation from one of our retirement & pension planning advisers email us at enquiries@idealfinancialmanagement.co.uk or call us on 01302 880140.