Yes! While saving for retirement it usually makes sense to pool all your personal pension policies together to reduce charges and simplify planning and also, at retirement, it usually makes sense to use one large fund to buy your income with, as opposed to lots of smaller funds. Let us help you plan for a better retirement by reviewing your pension arrangements.
I’m too young to worry about starting a pension plan
The funny thing is the younger you start planning for retirement the less it actually costs you. If you pay over a longer term you don’t have to pay as much. Many older people who have left retirement planning a little late find that because they have left it late they have to pay substantial amounts of their disposable income to obtain a reasonable pension and this can put them off altogether
I don’t need to worry the state will look after me
The state pension will only ever provide a basic amount of income which is usually a lot less than you were earning before retirement which is why a lot of over 65’s have part time jobs…to make ends meet.
My husband/wife has a pension so I’ll be OK
This is true initially but upon death pension benefits are usually halved!
Pension plans are not as good as they used to be because of the stock market performance
A pension fund is only as good as the investment fund it is in and there are plenty of funds to choose from that are making very good returns, it is our job to select the most appropriate fund for you and advise when it needs to be changed
I contracted out of SERPS so I won’t get a state pension
Contracting out of SERPS does not effect your entitlement to the basic state pension; SERPS was an additional pension fund being paid for out of National Insurance contributions