Why should I review my pension?
Your pension could have a big impact on how you live your life in the future. So, if it’s not performing how you need it to then the sooner you review your pension and make any necessary changes the better, whatever stage of life you are at.
Are you currently saving into a pension?
Even just small tweaks could improve your pot by thousands of pounds in the long term.
Are you thinking about the pension freedoms?
If you are aged 55 or over you have a lot of options when it comes to taking money from your pension. It’s best to check which one is right for you before making any decisions.
Are you thinking about retiring in a few years?
There are some great new pension products that will protect your pot from stock market crashes without severely affecting its growth.
Are you thinking about a retirement income?
If you are ready to take an income from your pension then the decisions that you make now could go a long way to making your plans and dreams a reality.
What does a no obligation pension review really mean?
To answer this question let’s first look at the absolute minimum you should expect from any type of pension review:
A clear picture of your current pension, how it’s performing and the options available to you.
An assessment of your current circumstances including what you want to achieve, both now and in the future.
A recommendation for your pension clearly detailing how any suggested changes should help you to meet your objectives.
An explanation of any benefits you might lose by transferring away from your current provider and how the recommended change could compensate for this.
A quote for how much it will cost you to follow the recommendation and how your pension would be managed in the future.
So, what’s the no obligation bit all about? Quite simply:
You will not have to pay a penny for your pension review or recommendation.
There is no commitment on your part to follow the advice you receive. If you decide that the recommendation is not right for you then you can walk away…with no obligation.
How do I know who to ask for a no obligation pension review?
You should only use a regulated financial adviser; you can find all of these listed on the Financial Conduct Authority register (link to register). For example, our company number is 754580. If a company you are dealing with is not listed then they are not authorised to give regulated financial advice.
Even if a company or adviser is listed it doesn’t mean that they can offer you a no obligation pension review. If you are not sure then why not get in touch with us. We have already helped more than 14,000 clients with their pensions and currently look after more than a quarter of a billion pounds worth of savings.