Pensions

There are constantly articles in the press about pensions and the low levels of income that we can expect to receive from the state in retirement.

With the government's introduction of Stakeholder pensions in 2001 there are now plenty of low-cost pension offerings being put out by the pension providers to enable most people, especially those on lower incomes (even those not working), to set aside funds for their retirement.

And the key to Stakeholder as to any other pension is to start contributing as early as possible and keep making contributions for as long as possible. That way your pension pot has time to fill up and for the investment returns on the fund to compound through reinvestment over many years. The result should be a significant sum of money to invest when you retire.

You may have an existing pension plan that has high charges, or is invested into funds that are not suitable for your attitude to risk.

We have the facility to review these policies and take action if needed to ensure you are getting the most out of your plan.

If you are about to retire we can look at the benefits that are offered by your existing provider and research the market to see if you can get better benefits elsewhere.

This is a very important area of your financial planning and should be reviewed regularly.