Pensions Factsheet
WORRIED ABOUT YOUR RETIREMENT?
Call for IFA Promotions free factsheet on 0800 085 3250 or
visit www.unbiased.co.uk
Are you concerned you might not have enough income when you retire? Do words like SERPS, Final Salary and Annuities leave you cold? Have you considered all the retirement options open to you? IFA Promotion is urging people to consider what options are open to them when it comes to saving for retirement.
With announcements by many companies that they will no longer be offering final salary pension schemes, poor stockmarket returns and the compulsory purchase of an annuity by age 75 even though annuity rates are currently low; IFA Promotion, the organisation promoting the benefits of independent financial advice, has produced a factsheet The Pensions debate what are your options? available free by calling 0800 085 3250 or downloading at www.unbiased.co.uk.
The guide addresses in plain English the key issues relevant to pension planning. These include:
How the cutbacks and changes to employer-based pension schemes might affect you
What is FRS17 and what impact will it have on pension planning for you.
Should you be contracted in or out of the state earnings related pension scheme,
Alternative methods of saving for retirement.
David Elms, Chief Executive said: The recent press coverage on many companies withdrawing final salary schemes for their employees, and memories of Equitable causing confusion amongst investors, it is important
that people are not put off investing for their future. People should continue to seek advice to obtain the pensions option that most suits their individual needs and is flexible enough to enable them to have a better chance of a happy wealthy retirement
For a free copy of the factsheet, together with details of local independent financial advisers who can talk through your options in detail, call the IFA Promotion consumer hotline on 0800 085 3250 or visit www.unbiased.co.uk
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For further information please contact:
David Elms Shellie Wells/
CEO or Pippa RussellIFA Promotion Lansons Communications
020 7833 3131 020 7490 8828
Notes to Editors
1. Independent Financial Adviser Promotion
Independent Financial Adviser Promotion Ltd. was established in 1989 to promote the value and accessibility of independent financial advice to the public. It represents over 10,000 firms of independent financial advisers across the UK and is sponsored by 28 leading financial institutions.
IFA Promotions central belief is:
Consumers have a right to financial advice that is independent of the providers of financial products - i.e. independent financial advice.
Furthermore independent financial advice should be:
Affordable. The option to take independent financial advice should be available, by right, to all - not just the wealthiest in society.
Convenient. IFAs should be available in the location of the consumers choice, wherever they live in the UK.
Transparent. It must be clearly transparent to consumers who is able to offer independent financial advice and who is not.
2. Independent Financial Adviser Promotions sponsors
AXA Sun Life | Prudential |
Barclays Global Investors Funds | Scottish Equitable Plc |
BUPA | Scottish Life |
Canada Life | Scottish Mutual Assurance Plc |
Clerical Medical Investment Group | Scottish Provident Institution |
Dresdner RCM Funds (UK) Ltd. | Scottish Widows Plc |
Eagle Star | Selestia |
Friends Provident | Standard Life Assurance Company |
INVESCO Fund Managers Ltd | Swiss Life (UK) Plc |
Legal & General | The Skandia Group of Companies |
National Mutual | Tunbridge Wells Equitable Friendly Society |
National Savings | Winterthur Life UK Ltd |
Norwich Union Life | Zurich Life Assurance Company |
NPI |
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