What can you expect from us?
Our Retirement Income Planning Report is designed to provide you with an independent and unbiased recommendation as to the suitability of your existing defined contribution pension arrangements.
Our report will look in detail at the terms of your existing pension contracts and their performance. It will cover the costs, guarantees, penalties, restrictions and options at retirement. We will look at how the pensions are invested and evaluate their performance against suitable benchmarks. We will also check the suitability of these funds against your attitude to risk. Your report will then provide recommendations on remaining with some or all of your existing pensions or alternatively transferring to modern low-cost flexible arrangements.
The personalised retirement plan will look in detail at your income needs in retirement. The plan will review how best to satisfy these income requirements from your personal and company pension arrangements, state pension, savings and investments and any other sources of income. It will take into consideration your aims and objectives which may well include passing on assets to family. A detailed cashflow will be provided which will include a level of stress testing to look at the sustainability of your income needs.
How much does this service cost?
Initial discussion: No charge.
Retirement Income Planning Report: £500 fixed fee.
Implementation of Retirement Income Planning Report: £3,500 fixed fee, which is normally paid out of the pension fund.