The majority of people work for various organisations throughout their career and as a result end up with a "hopscotch" of multiple pensions, which are invested in generic funds and may not match the client's risk profile. Many older pensions don't offer Flexi Access Drawdown options at retirement, restricting client retirement choices. Other schemes may invest in funds that have failed to remain competitive over time.
We analyse all our clients existing ‘paid up’ schemes to ascertain whether they would benefit from consolidating historic schemes into a modern Flexi Access Pension. We also conduct Client Risk Profiling to establish whether existing funds meet their current investment and risk objectives.
There are many advantages to pension consolidation including the following benefits:
· The ability to have ongoing servicing and advice fees facilitated by the new scheme.
· Ensuring our clients are invested in funds which properly alight to their individual risk profile.
· Peace of mind that regular reviews can take place to ensure your retirement funds remain on track.
· Reducing the administrative burden by consolidating multiple pensions to one provider, potentially leading to lower charges.
· Reassurance that funds offered from our Restricted Investment Matrix have been fully approved by Quilters Investment Oversight Committee.
Many people assume that along with a state pension, an auto enrolment scheme with their current employer and perhaps some historic ‘paid up’ schemes from previous employers will provide a sustainable income in retirement. However, when we sit down with the majority of our clients we find the best way to build a sustainable retirement fund is to set goals and review them regularly. This is particularly important for our self-employed clients and directors who may not have any auto enrolment scheme in place at all.
We ask questions that help us establish when a client would like to retire and the type of lifestyle they would aspire to achieve in retirement. We then help clients review their existing arrangements and forecast possible outcomes. As a result we set up an ongoing plan for further tax efficient investing, and monitor this annually as part of our ongoing service.
As you near retirement it's important to have the reassurance that you're on the right track for a comfortable retirement and a sustainable income during this period of your life. With careful financial planning we help our clients achieve this.
Our goal is to ensure that we help all our clients manage their retirement funds as tax efficiently as possible and in a sustainable manner. With careful planning and ongoing advice this can be achieved.
In many cases we help our clients retire earlier than they had initially planned, or increase their income if they choose to continue working on a part time basis in retirement. We ensure that all clients are given the choice between a guaranteed income for life (an annuity), a more flexible approach via ‘Flexi Access Drawdown’ or perhaps a mixture of the two.
Investments can go down as well as up and investment returns are not guaranteed
The FCA do not regulate buy to let mortgages
White Eagle Finance is a trading style of Warwick Road Financial Services Ltd, an Appointed Representative of Quilter Financial Services Limited and Quilter Mortgage Planning Limited, which are authorised and regulated by the Financial Conduct Authority. Warwick Road Financial Services Ltd is Registered in England and Wales, No: 09303523. Registered Address: York House, Smisby Road, Ashby De La Zouch, Leicestershire, LE65 2UG.
Copyright © 2018 White Eagle Finance