Don't get stung
Don't get caught out by pension scams - read our short post and if you don't talk to us make sure you speak to a Regulated Independent Financial Adviser.
Clifford Osborne Limited is Financial Conduct Authority Authorised and Regulated to give investment advice that is unbiased, comprehensive and in a client's best interest.
Frozen Pension Advice in East Sussex
We offer pension advice, including advice on Frozen Pensions in East Sussex. We are based in Eastbourne, and serve clients in Lewes, Seaford, Bexhill, Hastings, Newhaven, Crowborough, Uckfield, Tunbridge Wells, Brighton and Hove. To arrange a free initial discussion at your home, workplace or our offices contact us today.
Why Bother with a Frozen Pension?
The reality is that all pensions’ plans and charges vary and some are better than others. Many pensions taken out over five years ago can represent poor value now and many people can improve their position by moving to a more modern, flexible, lower charging and potentially better performing plan.
The single biggest improvement that can be made to a pension pot is a reduction in charges. Many older style pensions have higher charges imposed to cover the assumed cost of a financial adviser visiting every year and reviewing a person’s circumstances. The reality is that in most cases these visits did not happen, so if you have not had a visit to review your pension then chances are you may be paying for a service you are not receiving.
The charges that you pay your pension company every year are one of the key factors in determining how much your pension will be worth. Modern pensions usually have lower charges and a pension review will determine whether you can save money on your charges.
Following changes introduced in April 2015 you now have more choice and flexibility than ever before over how and when you can take money from your pension pot under the flexi-access drawdown rules.
Take your time to understand your options, and get help and independent financial advice as what you decide now will affect your retirement lifestyle and income for the rest of your life.
Saving for a pension takes a very long time and is vitally important for our old age. By the time most people retire in late middle age, it is highly likely that they will have had several different jobs.
When someone leaves a job to go elsewhere, they will typically stop paying into their company’s pension scheme and start paying into one with their new employer.
The pension scheme left behind is then “frozen” as you are unable to contribute any further funds to it. Also known as occupational frozen pensions and preserved pensions, frozen pensions are “frozen” until the person reaches retirement age.
We can review your current circumstances and the potential to make your pension work more efficiently for you, even without you paying more into it!
If you require assistance regarding a frozen pension or a personal pension plan you have stopped contributing into for whatever reason, Clifford Osborne Independent Financial Advisors can help without initial cost or obligation. We serve clients across East Sussex in towns such as Eastbourne, Lewes, Seaford, Bexhill, Hastings, Newhaven, Crowborough and Uckfield.
Our advice will include any costs involved in transferring your pension if this is the best option and the final decision whether to go ahead is entirely up to you.
I saw Paul for Pension advise. He was very pleasant, used language I understood and I felt at ease to ask questions and get all the information I required.
I never felt rushed or pushed towards one product. I also found out a lot more information about pensions/retirement which is very useful. He organised everything very promptly without fuss. Thank you.Anonymous
With the change in government rules regarding pensions, I noted that mine were not growing as they should.
At 55 I wanted to make sure I was getting the best I could over the next 10 or 11 years. With news about pension investments disappearing with criminals I ran several checks on Clifford Osbourne which all came up clean so I decided to proceed.
Paul visited me several times and explained my options in great detail easing me through the piles of paper financial advisors are forced to provide. It a lot to take in, but he patiently made recommendations which I took.
My frozen pensions are now merged into a single account within a month grew to cover all fees. All safely in a good account and growing nicely. I can see it all on-line whenever I choose.
We are not tied to any financial institution and therefore offer you truly independent advice. A free, initial no obligation review meeting can take place at our offices in Eastbourne East Sussex, at your workplace or in the comfort of your home.
If you are considering taking independent financial advice we would love to talk to you. Call us without obligation or complete the enquiry form and we'll contact you as soon as we can.
We are happy to serve clients with any level of wealth.
Call 01323 403 444 or use our secure form via the button below: