Pension Advice Service

Published / Last Updated on 19/05/2017

Annuity AdvicePension and At Retirement Advice.

Pension planning in early work life, mid life and at retirement is perhaps the biggest investment you may in your life and during your life.  After all, it affects the rest of your life.  Make sure you secure quality, fixed fee only, unbiased pension advice. 

You are an expert in what you do. 

Whether you are an expert in the work that you do or an expert in looking after your home and family, you trust your judgement to do your best.  If you want a gas cooker fitted or a gas boiler serviced, you are required to have a fully trained gas engineer to install and service your appliances.  It is the same in the job that you do, would you trust a financial adviser to come into your place of work and perform your duties without training or experience.

Do I need a Pension Expert?

Our levels of personal interest and expertise in our pension planning will vary.  For some people, you must take advice early, for others who are more active with their pensions, you may only need expert help with the more complex areas of pension investment, taxation and law given that there is new law that affects pensions virtually every single year.  Over a 45 year working period, we suggest there may be 45 different pieces of legislation that affect you, your pensions and your retirement options.

The wise approach to successful retirement planning is knowing when to look after things yourself and when to call in an expert. 

Puzzled by Pensions?  The average person in the UK can build many pension pots throughout their working career and unless you sit down, take time out and read through all of the paperwork and pension projections, how can anybody possibly plan accurately for retirement?

Confusing statements?  Every year you receive an array of statements that can mean very little some.  We can offer pension advice, explain all those pension statement in plain English.  For those that need more, we can

Compare and analyse each pension

  • Establish charges
  • Funding position
  • Target pensions
  • How much you should pay in
  • Make internal fund switches
  • Consider consolidating pensions to achieve lower overall pension charges and this grow pension funds quicker.

Lower charges mean much bigger pensions.  We can offer pension advice to compare what you have with what is available from other pension companies.  With expert advice, we will give you projection comparisons for the same pension values on old pensions and newer, transparent pensions to see if you can get better value for money.

Need Cash

Are you thinking of unlocking a pension tax free cash lump sum from your pension fund?  You will need to consider whether your current pension schemes offer this service, whether there are penalties, whether transfer is the right pension option.  Will you lose valuable guarantees hidden in your pension?  Releasing tax free cash, whilst a simple option, it is a complex area that needs all options investigation to ensure you gain the best cash release options without losing valuable benefits.  Expert pension help is needed.

So where do you start with your pensions?  Who do you trust to secure your retirement, you must take control of your pension planning and where applicable take relevant pensions advice from our award winning experts.

Not sure about getting in touch?  Have confidence that we are pension experts:  Complete the pension advice contact form or book a callback

At Retirement Options

When you come to retirement there are some choices you may have to make if you have not yet done so.  We have a page that will help you select the right income option and retirement choice for you. However some choices may not give the best so find out with us which do.

Here are some income options you may wish to find out more about.

  • Annuity
  • Flexible Pension Drawdown
  • Phasing
  • Tax Free Cash

Fixed Fee Pension Advice

We always set up new pensions schemes on a fixed fee only basis and for existing pensions we stop any hidden commissions and adviser % trail fees paid to previous advisers when we start looking after your existing pensions to make sure you receive the maximum initial entry charge or ongoing management charge discount from the pension company.  Over a period of time this may save you many hundreds if not thousands of pounds in additional charges that would have been kept by the pension/insurance company or financial adviser.

How other advisers work:

Many financial advisers charge a % of the value of your fund both an upfront % and an ongoing % charge.  We do not.  The maximum fees that could be paid from pension plan/policy charges (old style commission in all but another word) is usually between 3% and 7% of the value of the pension fund plus say an ongoing 0.5% to 1.0% per year as an ongoing adviser trail fee.  E.g Pension transfer £100,000 x 4% = £4,000 plus say 0.5% p.a. at £500 p.a. and many advisers work this way.  We do not work this way, we will not be paid these %.  We will be paid what our agreed fee is with you to secure you the lowest/most competitive entry charges and ongoing fund management charges we can for you.

Example Nil Commission Pension .... A £53,031.43* Bigger Pension Fund Boost for just £330

Mr S, Midlands, Aged 20 pays £100pm net (£125pm gross) into a 'High Street Brand' Personal Pension Plan via a % Charging Financial Adviser/Bank at 1% pa adviser charge.  Total annual charge on pension fund 1.6%pa.

Projected Pension Fund at age 65 - £159,399.42

Our Fixed Fee Terms:

  • Same style pension with the same High Street Brand Insurance Company
  • Same £100pm monthly payment.
  • Nil ongoing adviser fee
  • Annual charges reduced to 0.6%pa.
  • Our 'one off' arrangement fee £330 paid upfront or £374 paid on completion.

Projected Pension Fund (on fixed fee basis) at age 65 - £212,430.85

A staggering £53,031.43 larger pension fund in exactly the same scheme with the same investment fund and same growth rates.

There is no catch ..  you simply pay us an upfront advice fee for arranging your pension plan rather than us taking ongoing % charges.

Projections are based upon: Investor aged 20 today, paying £125 per month gross pension contribution.  Projected fund growth rate at FCA Mid Growth Rate 5% pa and annual fund management 0.6% pa applied monthly.  The value of funds can fall as well as rise and is not guaranteed.  You may get back less than you invest.  Delivery Method : Online/Remote/Non-Face to Face Advice.

Other Examples:

Client Age 30, paying £300pm.  Projected Pension Fund at age 65:

  • With 1% pa adviser fee: projected fund £241,818.64.  
  • Our terms: projected fund £299,280.76.
  • Difference: £57,462.12 bigger fund at 65.
  • Our 'one off' arrangement fee for personal pension plan: £750 paid upfront or £850 paid on completion.

Client Age 30, pension transfer value £100,000.  Projected Fund at age 65:

  • With 1% pa adviser fee: projected fund £328,155.48.  
  • Our terms: projected fund £465,147.12.
  • Difference: £136,991.64 bigger fund at 65.
  • Our 'one off' arrangement fee for personal pension transfer: £1,325 paid upfront or £1,435 paid on completion.

Projections are based upon stated ages and gross pension contributions.  Projected fund growth rate at FCA Mid Growth Rate 5% pa and annual fund management 0.6% pa applied monthly.  Adviser fee 1% pa, deducted monthly and our zero ongoing adviser fee.  The value of funds can fall as well as rise and is not guaranteed.  You may get back less than you invest.  Delivery Method : Online/Remote/Non-Face to Face Advice.

Retirement planning is key for your future, to retire happy you need the right lower charges pension plan, book a callback and speak to us today.


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