Pensions advice
Taking care of the future you
Planning for retirement
Pensions play a vital part in Retirement Planning and even estate planning. We understand that planning for retirement can be overwhelming and confusing, with a myriad of options available to you. That’s why we’re here to provide you with tailored, expert advice to help you make informed decisions about your pension. Our goal is to ensure that you have a comfortable retirement and can enjoy your golden years without financial stress.
Your journey towards financial freedom.
What will it look like?
You may have a Defined Contribution Pension, Defined Benefit Pension or yet to start a pension. In the first instance, we’re here to help establish what you have and what it currently means towards your future retirement goals. With your permission and signed authority, we would write to your existing providers to request your full policy information and provide you with a recommendation report, summarising your current position and any recommendations to help improve your situation and meet your objectives and goals. We can also manage your pension funds on an ‘advisory’ basis, building a portfolio in line with your attitude to risk, capacity for loss and objectives.
Knowing you are following the best path.
Keeping on track
This is imperative. Any investment should be with a goal in mind, for example to save for a comfortable retirement, for school fees, once a Financial Plan has been established, it is important to ensure your plan remains on track and any change in your current circumstances or future objectives/goals are considered. We like to meet at least annually and speak with you throughout the year between your reviews. We use Cash Flow modelling to forecast your retirement and you are able to visually see if your current model is continuing to meet or will meet your objectives/goals in retirement. Maybe a one-off lifetime purchase. Along the way your thoughts and objectives will change, so will our risk tolerance. So, we factor in reviews, at least annually, to make sure you are on track to meet your goals and that your investments are doing what they should do.
We make sure you stay on target.
What might it cost me?
We have a simple charging structure, a case study example, as follows: -
David has a Defined Contribution Pension worth £200,000. Ordinarily, we prepare a report and recommendation, after getting a full understanding of her circumstances and objectives, the cost of this report is a flat £565. Should David wish to proceed our implementation costs are 1% of the investment, so a fee of £2,000, however, we would deduct the £565 report fee, so the invoiced value would be £1,435. To ‘keep on track’, we charge an ongoing adviser fee of 0.6% of the assets under our advice, this charge will rise, or fall depending on the value of the underlying assets. Based on a £200,000 investment or adviser charges would be £1,200 per annum, these charges can either be paid out of pocket, or from the invested funds.
In addition, there will ordinarily be a product/platform fee, this will normally be between 0.20% and 0.25% per annum, plus there is a charge for the investments, as a guide, allow for 0.5% per annum. Depending on the types of investments, there may be ad hoc charges, such as stamp duty and possibly trading charges, however, within a model we tend to negate the impact of the latter.
A simple and transparent charging structure.
