As a population we are living longer, staying healthier and being more active so an adequate pension has never been more important. Yet it is now recognised that the state pension is increasingly unable to provide sufficient funding. Whilst at the same time many companies and organisations are aiming to reduce benefits and terms. Into this mix the government has introduced both Stakeholder Pensions and the new Work Place pensions, the latter becoming increasing mandatory for everyone over the next few years.
So pensions mean important decisions for the individual and the company alike.
If you have a pension then you may have to anticipate changes, certainly the decisions on reaching retirement age are very important, from taking cash or finding the best annuity to setting up a SIPP or providing for a spouse. In fact, one important area of the work of our practice as independent financial advisors is helping those couples who are separating come to a fair and worthwhile settlement and re-arrangement of their pensions.
Into this matrix of personal situations, legal requirements and many providers Informed IFA seeks to find the right solutions to help you make the best decisions.