The value of pensions and investments and the income they produce can fall as well as rise. You may get back less than you invested.
GCFC holds specialist CII (Chartered Insurance Institute) exams to be able to provide advice in all areas of retirement planning, including advice on company pension schemes.
Transferring out of a Final Salary scheme is unlikely to be in the best interests of most people.
We will provide focus on the following to achieve the retirement income you need for a comfortable and enjoyable later life.
- Pre-Retirement Planning – including the review of your existing arrangements, as newer arrangements may be advantageous in terms of cost, flexibility and investment choices.
- At Retirement Planning – we find out what you need and want in terms of income, lump sums and providing funds following your death to your family. We agree a plan to achieve this, making the best use of your pension arrangements and other assets.
- Post Retirement –ensuring your objectives continue to be met, being your income and capital needs throughout your retirement and the passing of pension investments to spouse and children.
Pension freedom legislation which commenced on 6th April 2015 made timing and planning more appealing, by changing the way in which you savers can access their funding. This significant change heralded a new era of pension saving and emphasised how important it is to save for later life.
Also, despite common opinion, retirement planning is not just about pensions. This is just one type of product that can be used as a pension vehicle. Planning for retirement involves investment in property, ISA’s, cash savings, and pension funds.
We use retirement forecasting using all of the investment methods noted above and take time each year to ensure you are on track to reach your goals. We also assess whether each product remains suitable for you as well as managing the risk exposure as you draw near to the magic retirement date.
Whether you are just starting out in your career or in the middle of saving for your later life, near retirement or have already retired, you need access to a pension specialist. The complicated retirement savings market with its different types of pension products, coupled with thousands of funds to choose from, ensures you have many difficult decisions to make. These decisions are made easier by a specialist who will assess your needs, your affordability and your attitude to risk, before making a recommendation on which plan, fund and contribution level is best for you.
Should you wish to know more contact us and we’ll be able to help by working together to find the best solution for you.