If you had a car worth £20,000 on your drive, you would polish it every week, take it for an annual service, put water, petrol, oil in and check tyre pressures to ensure it was working well in addition to insuring it and yearly MOTs. Yet a car is a depreciating asset that will eventually be scrapped.
Many people have lots of small pension pots lying around and do not know what to do with them. If you ask a financial adviser to review them or consolidate them, they will charge and we suggest it would not be economically viable for you to pay for a review of a pension scheme with a fund value of less than £10,000-£20,000. Once above these levels, an adviser will likely to be able to offer value for money in reviewing your scheme for scheme. It is a difficult one to balance.
At Retirement Options:
A similar set of the above questions will work if you are reviewing your investments too.
We offer investments and pension review services as well as a full pre-retirement review including cash flow modelling.
Initial Review Retiring Review
Or if you prefer, simply contact us to discuss your position:
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