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Retirement Review

From our experience as financial advisers there are a number of reasons why many investors are left feeling disappointed when it comes to retirement planning:

  • The funds in many Pension Plans are not actively monitored by a financial advisers. Many financial advisers do not maintain regular contact with their clients.
  • Once a Pension Plan has been sold, many financial advisers move on to other new prospects and focus less on their existing clients. Often these financial advisers have minimal contact if any with their clients.
  • Quite often, after many years of working we come across people who have multiple retirement savings accounts. This can be very confusing and difficult to understand exactly where you are. Consolidating various plans into one account can be the right solution, in preparation for retirement.

Worryingly, many people have not had their attitude to investment risk thoroughly assessed and this often results in people taking unintended investment risk with their retirement investments or not maximizing the gains available. Also many people, when asked, believe that market timing is a critical aspect of investment performance, but extensive research shows that only 1.7% of investment performance is determined by market timing.

Many people are not getting value for money because they are paying higher charges than necessary for the administration of their pension plan and receiving poor service. One reason is because most people started their pension plan before pressure from the Government and the buying public forced in more competitive and better value charging structures.

Unfortunately, many people do not address this problem because they are too busy or do not understand the extent of this issue. They think their pension sales person is taking care of their affairs and would make changes to their plan if necessary. That’s why it is important for you to take charge of your pension plan now before it is too late.

Acting now could make a huge difference to your future financial security. It could enhance the performance of the investments in your pension and lower your management fees.

That is why we urge you to consider a Retirement Review.

If this sounds familiar to you, why not get in touch

Excellent pensions adviser. Turned my non performing pension round. Can’t fault his thoroughness and attitude.

Harry KeeMoreandmore Mortgages

Email: financialplanning@miadvice.co.uk

Phone: 01902 742221

Fax: 01902 754691

Business Hours: 9:00am – 5:30pm / Monday-Friday