Is it worth getting financial advice about your pension
Of course we would alway say yes it is, but don’t just take our word for it.
Royal London and The International Longevity Centre UK (ILC) have recently released a new research document entitled What it’s worth – Revisiting the value of financial advice which follows their 2017 report The Value of Financial Advice.
The report highlights that even with the introduction by the government of workplace pension schemes, the vast majority of the population are not planning sufficiently for their individual retirement. This is potentially putting many families at risk of having a lower future standard of living than they could have achieved had they planned and invested better. Some people are even having to postpone their retirement due to lack of income. This is often coupled with the increase in the age when the state pension is available.
The report summarised 3 key areas where getting advice benefits clients:
- Receiving professional advice resulted in total boost to wealth – who wouldn’t want better wealth in the future?
- Greater benefits were evidenced to those classed as “just getting by” above those deemed “affluent” – you don’t need to be wealthy to see a difference.
- An ongoing relationship with your adviser resulted in almost 50% higher results than those who only took initial advice – not only are we good at the outset, keeping in touch on a regular basis is also has fantastic value.
So why wait? Here at Christina Clegg Financial Planning Services we offer a free, no obligation pension review to investigate your current position, produce a unique summary of your pensions and then sit down with you and explain what it all means to you.
If you wish to arrange an appointment, please contact the office and someone will call you back.