Pension Consolidation Advice from our IFA’s

Are you looking for an experienced IFA for Pension Consolidation advice? We meet clients across much of the South East, and can discuss Pension Consolidation with you in East Sussex, Kent, Eastbourne, Lewes, Brighton, Hastings, Bexhill or further afield.

Many people have a number of old Defined Contribution pensions from previous employers, as well as one or more personal pensions. Each of these plans or schemes will have different charging structures and each contain different investment funds and options. To arrange a free initial discussion about your pensions, at your home, workplace or our offices contact us today.

Some might be ‘high risk’ while other plans might be sitting in cash and this may not reflect the level of investment risk you are willing and comfortable to take for the potential of longer term capital growth.

Ensuring you have the correct investment strategy for your needs so that the returns generated are in line with expectations, the best charging structure for your goals and a pension plan that allows you to spend your money in the most efficient way is paramount.

Older plans can be expensive and limited on investment choice with poorly performing funds and the paperwork can be confusing and enough to put you off reviewing your options.

Consolidating everything into one easy-to-manage-pension may be a solution, this being called ‘Pension Consolidation’. However, it is important to understand what kind of pensions you have and whether it is to your benefit to move all, some or none of these before retirement.

How We Can Help with Pension Consolidation

Clifford Osborne provides pension consolidation advice and services to assist you on your current pension arrangements and explain any advantages or disadvantages to switching these into one plan. We are based in Eastbourne, East Sussex but serve much of the South East including Kent, Lewes, Seaford, Bexhill, Hastings, Newhaven, Crowborough, Uckfield, Tunbridge Wells, Brighton and Hove.

Following our meeting regarding Pension Consolidation, will provide a pension report which will clearly identify those pensions that can be consolidated and those pensions that need to remain where they are.

The result will be a significant reduction in the amount of paperwork you receive annually and a better pension solution. A pension switch or transfer to simplify and align your plans could save you thousands of pounds while reducing the overall investment risk.

Modern day personal pension plans are simple to understand, useful and very tax efficient structures that can be used to save up money far more quickly that non-incentivised structures, due to the extra inputs from HMRC.

Pensions remain one of the most tax-efficient but most complex ways to save. You no longer have to save in old insurance company schemes with potential high charges and poor investment and fund choice.

We now have far more flexibility to use the ‘pension rules’ to your advantage. We can now use a ‘pension wrapper’ to hold a portfolio of investments which is then sheltered from tax allowing these funds to grow extremely efficiently.

Regardless of the medium used to accumulate the savings, careful planning to ensure that you are saving enough on a monthly or annual basis is critical. Regular reviews to assess investment returns, inflation, charges, annuity rates and volatility are paramount to keep target retirement income on track.

Risk Warning

Defined Benefit or Final Salary Pension Schemes carry certain guarantees and benefits that are almost impossible to replicate in the personal pension environment. Such contracts should only be transferred in very rare situations as doing so will almost always result in a worse outcome for the individual.

These valuable employer sponsored pension schemes guarantee a level of increasing retirement income for the member, whereas the income available from personal pensions (PPS) and occupational defined contribution (DC) schemes is a direct result of how the individual manages the investment returns and charges over the term.

Clifford Osborne are Independent Financial Advisors (IFA’s) offering Pension Conlisation advice. Our office is in Eastbourne, East Sussex, but we can meet with clients on Zoom or in person in Kent, Eastbourne, Lewes, Seaford, Bexhill, Hastings, Newhaven, Crowborough, Uckfield, Tunbridge Wells, Brighton and Hove. Please contact us if you would like to know more about pension consolidation.

“I have always felt confident in Paul identifying the best product for my needs. He takes into consideration all factors and talks in clear language as to what options are available so that I can make an informed decision and feel that it is the right decision for me.”
Samantha, Hove, East Sussex

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.

Pension Monster

Enter some basic information and Pension Monster will create your tailored report which will show you some popular retirement options, and some product solutions. You can print off your report or email it to us when you are ready to get some advice. What’s more – It’s free to use.

Your Advice Steps

01 ➔

Contact Us

Call us on 01323 403 444 or contact us to set up a free initial meeting with one of our financial advisers or mortgage and equity release advisers. We’re happy to meet in person, on the phone or online. Just let us know what you prefer.

02 ➔

Get to know you

This will be a chat to find out a bit more about you, what your financial position and goals are and how we can help. This will be entirely confidential, and you are under no obligation to use our services. We will then give you a plan of what we can do to help.

03 ➔

Sharing your plan

Our advisers will talk through our recommended plan with you giving options to best meet your needs. We will take into account your current financial situation, your goals, appetite to investment risk and timeframes. You will have a chance to ask us any questions and then decide whether you want to go ahead.

04 ➔

Regular reviews

Your financial position will change throughout your lifetime. We are here to help you with regular reviews to make sure your financial plan meets your financial goals and current financial situation. We’ll agree with you when and how we meet on a regular basis to make sure your management plan is right for you.

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