Are your pensions in order?

Oct 13, 2015 | Tony Byrne's View

Have you built up a collection of different pension pots over your career? Do you know what to do with them?  Are you fed up with the endless documentation you receive from your pension providers? Do your eyes glaze over when you read pension related paperwork?  Do you wish you could make sense of it all? Well the good news is that we are here to help!  We specialise in organising people’s financial affairs – especially their pensions.  We understand that many people just don’t like dealing with this aspect of their lives – a feeling I know all too well. Just ask me to do a DIY job, perhaps some painting and decorating and I would far rather pay someone else to do the job for me. You see it’s a question of whether or not you have the time, inclination and skill to do the task in hand.  The good news is that we have all 3 when it comes to financial planning – just don’t ask me to do any DIY work for you! We regularly review pensions for our clients.  Sometimes it might be only one pension, other times it might be several.  Our record number of pension reviews for one couple so far is 14! When we review pensions we generally focus on 3 main areas:

  1. Charges
  2. Performance
  3. Guarantees and benefits.

We also analyse money purchase pensions and assess whether or not clients should keep them or if it is in their best interests to transfer them to a different pension provider.  In 8 out of 10 cases a switch is recommended. The aim of the pension review exercise is to maximise returns, which in turn allows you to potentially either retire earlier or to retire on a larger pension. The question you have to ask yourself is would you like to be in a position to either retire earlier or receive a larger pension at your normal retirement age? We are currently offering a free pension review worth £270 to the first 10 people who contact us before 16 November 2015.  The offer is subject to qualifying conditions.  We offer a great cup of coffee too! Ring us on 01908 523740 or email wealth@wealthandtax.co.uk.

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