It is never too soon to think about retirement planning and it really is an area where expert advice is invaluable.
We see retirement planning as having two parts: the first is to think about the sort of retirement you want and the level of income you would need to achieve it; the second is ensuring that there is adequate pension provision to provide that income. Of course, this has to be balanced against any pension provision you already have and how much more you can afford to invest for your retirement.
Our sophisticated projection tools mean that we can look forward to your retirement date under a number of different scenarios and balance your aspirations for the future with the size of your pension pot now and in the future. Doing this enables us to agree a plan for any continued investment, when you want to retire and the level of income you can expect to retire on.
As you move through life, things happen. Your ideas for your retirement may change, your employment or family circumstances may change. This is why we continually review your pension arrangements and make adjustments where necessary. We will provide you with a quarterly report on the performance of your pension investments and regular face-to-face review meetings to ensure that everything is on track, and change things if not.
Retirement planning doesn’t stop the day you give up work. Once you retire it is our job to make sure that your money lasts as long as it needs to. Under Pension Freedom you have lots of choices about taking a lump sum or regular income and we will guide you through these, explaining the implications of your choices and working out the optimal program for you to receive your pension income. Throughout your retirement we will continue to review money you have invested in your pension to ensure it delivers the best performance.