Pay attention to your pension

Partnership Promotion

In 2015 new pension rules were introduced to give people greater, more flexible access to their pensions. But with more freedom comes more choice and, as a result, deciding which is the right way for you to save and then use your hard-earned pension pot once you retire has become more complicated.

"A recent survey by the International Longevity Centre UK (ILC-UK), highlighted that people who take financial advice are on average £40,000 better off"

This is why Reader’s Digest has partnered with pension and investment experts Flying Colours to provide you with the advice you need with identifying which option is best for you, helping you plan successfully for retirement or making the most beneficial choices once you get there.

Click here to visit our dedicated pensions site where we clear up the confusion and help you decide which path suits you best so you are then able to access the appropriate advice.

THE VALUE OF ADVICE

Anyone who has taken financial advice will understand that the services of a highly experienced and knowledgeable professional adviser cannot possibly be free.

Unfortunately, too many people get hung up on the potential cost of financial advice before they even take the first step and as a result end up either heading down the highly dangerous DIY route or simply do nothing at all.

Of course, the cost of advice is a factor, however far more important is the value that can be derived by engaging a professional adviser.

Unless you’re already very sure about what you want to do with your pension, taking advice could be the soundest financial decision you’ll ever make. A recent survey by the International Longevity Centre UK (ILC-UK), highlighted that people who take financial advice are on average £40,000 better off.

Advised investors tend to save more and are more likely to make investments in real assets such as equities, which helps their wealth grow over time.

The report also found that 9 in 10 people are satisfied with the advice received, with the clear majority deciding to go with their adviser’s recommendation.

Not enough people engage the services of a professional financial adviser when making important financial decisions. The report found that the two main considerations for people seeking advice are whether they trust an independent financial adviser to provide advice, and their own level of financial capability. Surprisingly cost of advice was well down the list of considerations.

Today there are very few barriers to people engaging the services of a financial professional as most advisers will offer a no cost, no obligation exploratory meeting and at a venue convenient to you, including your own home.

FOR MORE INFORMATION

You can call our pension experts on 0333 241 9919 or click here to visit our dedicated pensions site.
We’ll only ever recommend the best pension investment approach to suit your circumstances at the best possible cost.