Overcome pensions complexity and plan for retirement

8.3 million of us – 31% of the working population – are not saving anything at all for their retirement, according to research from the Association of British Insurers (2006).

Pensions are a complex area and, because of the long term nature of the investment and the potential to lose or gain considerable amounts of money, it is essential that you receive professional independent advice. Not all independent financial advisers (IFAs) are experts in pensions so it is important that you speak to advisers who specialise in pension and retirement planning. We do.

As well as general advice on personal pensions, company pension schemes, individual voluntary contributions and pension contribution limits we can also advise on more specialist areas of pensions.

Investors who already have a personal or stakeholder pension should regularly review their arrangements. A review should take account of any changes in circumstance, financial goals and aspirations – and should also look at new products available in the market.

As well as personal pensions and stakeholder pensions we advise on the more complex aspects of retirement planning including:

• Self-invested Personal Pensions (SIPPS) – Traditionally thought of as being for the more experienced and confident investor, SIPPS offer access to a wider range of investment options. SIPPS are however becoming a more popular option for all kinds of investors. Read our Self-invested Personal Pensions (SIPPS) fact sheet to find out more.
• Property Purchase – We can help people to purchase commercial property using their pension funds. Daly Harvey Morfitt has over twenty years experience with these kinds of arrangement.
• Group Schemes – We have over thirty years experience dealing with group pension schemes and have developed a simple and common-sense approach to dealing with the problems that arise for scheme members, employers and trustees.
• Pension Transfers – In certain circumstances, there can be benefits transferring from one pension plan to another but not all financial services companies employ individuals who are qualified to give this advice.
• Post Retirement Pension Planning – Nowadays, no one has to purchase an annuity when they retire if it is advantageous for them not to. Read more in the Pensions Crossroads article which explains the options around annuities and income drawdown.

Daly Harvey Morfitt employs specialists who are qualified by examination to offer advice on phased retirement and drawdown plans which can offer enormous benefits over traditional annuities.

82% of Britons see retirement as a ‘time of happiness’ according to a major survey by HSBC (2006).

Start planning now to enjoy your own retirement.

Read our Budgeting for Retirement fact sheet for more guidance on how to work out how much you will need in retirement.

Contact Daly Harvey Morfitt now to discuss your pension requirements and retirement planning needs. Call on 01789 299655.

For details on other services read more:
Saving and investment strategies
Mortgages
Inheritance tax planning
Protection for yourself and your family
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