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Pension Advice Specialists

Experts in explaining, recommending and monitoring pensions for you, so you can enjoy your retirement when the time comes.

Expert Pension Advice

Pension advice should be seen as part of your broader wealth management strategy, with the ultimate goal of providing a strong, steady income in retirement.

As pension advice specialists, we are familiar with the recent regulatory changes together with government plans going forward. While the principle behind a personal/company pension is simple, saving for the future in the most tax-efficient manner, there are many tools we can use to enhance returns.
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Retirement Planning

Retirement planning can start as early as possible although strategies and goals will change over the years. While your pension assets will be central to your retirement planning, you also need to consider your wider income and asset base. Some of the specific issues to consider include:-
Planned retirement date
Investment profile
Lifetime allowance
Tax benefits
Target pension fund value
At Assured Private Wealth, we have a deep-seated understanding of the markets and the ability to adapt your retirement plan in relation to your circumstances to help achieve the results you want when you retire.
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Combine Your Pensions

On average, a man will have 12.5 jobs in their lifetime and a woman 12.1 different employment positions. Many may also go on to be self-employed or operate their own companies, which can make pension planning a little tricky. It’s important to consider combining any relatively small pension funds you may have into one fund.

There are several benefits when looking to combine your pensions, which include:-
More easily manageable under one umbrella
Greater transparency on performance
Potential cost savings on fees
We provide the sit down face-to-face, look at your broader financial picture, consider your changing attitude to risk as you approach retirement and take the relevant action tailored specifically to you.

Find Your Lost Pensions

As a consequence of failing to update paperwork, companies going out of business and/or changing names, it is relatively easy to lose track of one or more pension plans. Thankfully, the government backed Pension Tracing Service allows you to find contact information for missing pension funds.

As pension advice specialists, we can assist you in locating and reclaiming lost pension funds and maximising your long-term income. It is also important to keep track of any State Earnings-Related Pension Scheme (SERPs) assets in order to include this in your retirement calculations. Formal retirement planning, lost pension funds and tracking your SERPs are relatively simple in principle but can be complicated in practice.
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Pension FAQs

Do I need a financial advisor for my pension?

As pension advice specialists, we are acutely aware of the complexities of advising and executing what can be long-term pension plans. There are many issues to look at such as affordable contributions, target pension fund, income required in retirement as well as a consideration of non-pension fund assets. Your pension advisor will walk you through the options, the various scenarios, highlighting action to take in the short, medium and longer term. The ever changing regulatory environment is also making it challenging for individuals to self-manage their pension assets. A simple mistake today with pension contributions could prove extremely costly further down the line, but may not emerge for many years to come.

What is a pension?

In its simplest form, a pension is a means of saving funds for retirement in a tax efficient manner. This description hides an array of complexities and challenges which require a degree of short, medium and long-term planning. Your pension fund is crucial as it is likely to be a strong element of your income in retirement.

When can I collect my pension?

In order to avert a potential pension crisis, the UK government is gradually increasing the state pension age, currently 66 but set to increase to 68 between 2044 and 2046. There are exceptions for those born before a particular age and this is something to discuss with your pensions advisor. When looking at occupational/personal pensions, the earliest age at which you can access funds is set to rise from 55 to 57. It will depend upon the pension rules for individual plans, and again it is important to take pension advice.

How much do financial advisors charge for pension advice?

The cost of pension advice can vary significantly, depending upon the size of the pension fund and associated complexities. Here at Assured Private Wealth we can incorporate pension advice under our comprehensive wealth management service. Our free consultation allows us to discuss your situation and requirements in more detail, and make you aware of the services we offer and our charging structure. Unlike other pension advice specialists, we don’t take a one size fits all approach, instead looking at individual client scenarios in their own right.

How much do I need to retire?

There is much debate as to what is the optimal figure for a pension fund in order to create a comfortable income stream in retirement. Recent research suggests that a single person requires £33,000 a year to live relatively comfortably, with a couple in the UK looking at £47,500 per annum. However, this could change dramatically as a consequence of inflation and the cost of living. As pension advice specialists, we can help calculate your estimated income requirement per annum and then work backwards to calculate the required pension fund.

How much should I invest in my pension plan?

While there is no definitive figure as to how much you should invest in your pension plan, the reality is that the earlier you start the greater the potential capital appreciation. It may be that you link your pension fund contributions as a percentage of your gross earnings or simply review when you feel comfortable. Due to the impact of compound growth, even making relatively small contributions at an early age can have a significant impact on the value of your pension assets.
A smooth service from start to finish. Responsive to emails, in general helpful and they will take note of your preferences when giving advice on your investments. I would recommend getting in touch for a personal service on pension advice.
Alan P
Exceptional professional service throughout the organisation. Kept informed and up to date on what was going on with my policies, from the office team to David visiting me at home. I am confident and fully informed about what is happening. I would highly recommend them.
Andrew M

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