Pension Review

 

 

“Andrew is now much more confident that his pension will be able to help him achieve the lifestyle he is looking for when he retires”

 

 

Investment Management

 

 

“James is now far more relaxed about reducing his business activity as he knows his investments will be sufficient to maintain his lifestyle”

 

 

At Retirement Choices

 

 

“Kate and Mark faced a wide choice of options at retirement and are now satisfied that they have made best use of their accumulated pension funds”

 

 

Estate Planning

 

 

“John now has certainty that he will be able to pass on his property portfolio to his children”

 

 

Retirement Planning

 

 

“Chris is happy that he now has a strategy in place to help him achieve financial freedom when he retires”

 

 

Pension Review

“Andrew is now much more confident that his pension will be able to help him achieve the lifestyle he is looking for when he retires”

Challenges

Andrew came to us with just over 10 years to go before his retirement, with four different pensions he had acquired over the years for a pension review.
He had little idea of how they were invested, how much risk he was taking, how they were performing and what income he was likely to receive when he retired.
Andrew did not know how much he should be saving each year and had not had a review of the contributions since he last arranged a pension in 2001.
Neither had Andrew had a review of his pensions since 2001.

This is what we did

We first of all obtained as much information about all of his current pensions, so that we could analyse them and assess where he was invested, how much risk he was taking and how the underlying investment were performing.
We were able to establish that the majority of the funds he was investing in were no longer suitable for him as they were exposing him to too much risk.
We also established that the charges he was paying were high and did not give him value for money.
A new portfolio of investments was established combining all of his pensions on one platform.
A system of regular reviews was implemented so that Andrew received information and recommendations about his pension portfolio every three months.
Cashflow projections showed Andrew that he could achieve his target retirement income if he continued investing at the same level for the next 10 years.

The Results

For the first time Andrew now has a much better understanding of how his pensions are performing.
Andrew’s pension is now invested in a range of funds which match his attitude to risk.
Andrew is now much more confident that when he does finally retire, he will have sufficient income to able to maintain his lifestyle.

Investment Management

“James is now far more relaxed about reducing his business activity as he knows his investments will be sufficient to maintain his lifestyle”

Challenges

James came to see us after inheriting a lump sum of money from his late mother’s estate.
He wanted to know whether he could invest the money with the view of either retiring or scaling down his business.
James was keen to maintain his current lifestyle, enjoying foreign holidays every year and still being able to send his two children to private school.

This is what we did

We helped James produce and asset statement of his current investments including the lump sum of money from his mother’s estate.
We helped James create a statement of potential income from all the available funds.
We helped James decide how much risk he was prepared to take with his investments to help him create and investment portfolio that suited his level and risk that would give him the income that he needed.
Sufficient income could be generated from the investments to enable James to start reducing his business activity, whilst still allowing him to send his children to a private school
Provision was put in place to review the investments and the income on a regular basis.

The Results

James is happy now that he can reduce the hours he is working on his business.
James is now confident that he has sufficient income to maintain his current lifestyle.
For the next few years sufficient income will be generated from the investments to send his children to private school.

At Retirement Choices

“Kate and Mark faced a wide choice of options at retirement and are now satisfied that they have made best use of their accumulated pension funds”

Challenges

Kate and Mark came to us with as they approached retirement, each having accumulated various pensions during the working lives to discuss their retirement choices.
They wanted to ensure that they made best use of their accumulated funds and secured the best possible income with the money.
Mark suffered from diabetes and high cholesterol and was vaguely aware that he may be able to secure a higher income because of his health conditions, but did not know how to go about doing this.
They were both quite risk averse and wished their income to be as secure as possible.

This is what we did

We took time to look at and discuss the various income options with them both.  We looked at lifetime annuities, and various fixed term annuities as well as joint life and single life options.
Additionally we looked at both enhanced annuities as well as impaired life annuities.
We helped Kate and Mark decide which options suited them best, so that their income was secured for both their joint lives together and when one of them died.
We arranged several different annuities based on their personal circumstances and Mark’s health, ensuring that they both had sufficient income for the future.

The Results

Market research ensured that maximum income was achieved from the pension funds at retirement.
Kate and Mark are now happily retired with regular income paid into their bank account each month and their future is secure.
Mark is confident that he has been able to secure the best possible income given his current health.

Estate Planning

“John now has certainty that he will be able to pass on his property portfolio to his children”

Challenges

John came to us with concerns about how he was going to be able to protect his Property Portfolio. Chris is in his mid 50’s and has built up a property portfolio over the last 10 years.
Chris wanted to ensure that ensure that the mortgages are fully repaid and that the properties do not have to be sold to pay Inheritance tax. He wanted to make sure that all the hard effort in building his portfolio is protected for his family for the next generation.

This is what we did

We discussed with him the various life assurance options to make sure his debts would be repaid if he died prematurely.
We helped John calculate what his potential Inheritance Tax liability would be, by producing and Asset & Liability statement.
We created and implemented a plan to ensure that his properties did not need to be sold to pay for the Inheritance Tax liability so that as much of his estate would pass onto his children as possible.
We arranged trust funds to ensure that his children could retain as much of his Property portfolio as possible.

The Results

John is happy now that his property debt is covered by life assurance.
John is now more confident about the future and is planning in buying more property.
The Trust funds ensure that his assets will pass to his children free of tax, as well as ensuring no third party can claim on the funds.

Retirement Planning

“Chris is happy that he now has a strategy in place to help him achieve financial freedom when he retires”

Challenges

Chris came to us with concerns about how he was going to be able to retire from his business. Chris is in his mid 40’s and has been running his company for over 20 years.
Chris wanted to ensure that he had enough money to enjoy the rest of his life once he sold or left the business. He wanted to have sufficient money to enjoy the lifestyle he is accustomed to and to pay off his mortgage.
Chris has worked hard all his life to accumulate assets and wanted to ensure that the assets could be protected for his children.

This is what we did

We took time to discuss the various options with him with the money he had already accumulated in various pensions and savings.
We helped Chris calculate what income he would need to support his lifestyle.
We helped Chris decide how much risk he was prepared to take with his investments to help him achieve his target income.
We created and implemented a plan to ensure that he has sufficient income which is paid as tax efficiently as possible.
We arranged trust funds to ensure that his accumulated assets are passed to his children.

The Results

Chris is happy now that his “life after business” plans are on course for a secure future.
Chris is now more confident about the future as his plans are under constant review.
The Trust funds ensure that his assets will pass to his children free of tax, as well as ensuring no third party can claim on the funds.