Your retirement income will depend on several major financial decisions. These range from planning your pension many years in advance, to deciding how to use your accumulated funds at the point of retirement. Some of your choices may be irreversible (such as buying an annuity) and could affect not only the rest of your life, but also any inheritance that you hope to leave to your beneficiaries.
Our research has shown that independent financial advice taken before you retire, or at the point of retirement, is likely to leave you substantially better off in the long term. By taking into account your precise circumstances, your needs as an individual, and the options available from across the whole of the market, such advice typically pays for itself many times over, while enhancing your income considerably throughout your retirement years.
How to make a more confident choice
Seeking pension advice from a financial adviser can help you with all aspects of pensions and retirement planning, whether you are just starting to invest in a pension, or approaching the stage in life when you will need to use it. Have a look at our retirement checklist for an idea of the questions you should ask your adviser.
In the menu on the left you can explore the areas that you should be thinking about now.