Pensions and retirement

Pensions and retirement

The average life expectancy in the UK is rising and we all want the opportunity to enjoy our ‘golden years’ rather than working into our 70s.  Planning where your regular income is going to come from in retirement will give you peace of mind and leave you prepared to retire from working life whether that’s in 40 years time or just 10!

The pensions landscape has changed significantly and while the state pension provides many with the security of having a small guaranteed income, in today’s and tomorrow’s world it’s not really enough on its own for anyone to live on.  The government encourages us to save for our retirement by making pension contributions tax free and introducing new schemes like auto-enrolment to help make sure we are not reliant only on the state pension.

Everyone has different incomes, lifestyles, and retirement plans and likewise there are a number of different routes, financial products and ways to draw income at retirement.  This section looks at the some of the main areas to consider when you are thinking about pensions or retirement.

Don’t forget a financial adviser will be able to help you with all aspects of your pension and retirement planning needs, whether you are just starting out, through changing life stages, and onto retirement and annuity purchase. We've put together a pre-retirement checklist (left) to help you ask the right questions when meeting with a financial adviser.

You should also consider

The adviser checklist

Take a look at our guide to help you shop around and find the right adviser for you

How to pay for financial advice

Read our guide to find out about the different ways you can pay for financial advice

Adviser qualifications

You can use our guide to financial adviser qualifications to help you find an adviser with the right qualifications to help you