What is a Pension? A pension is a long-term tax-efficient financial tool used to enable your retirement.
Why do we do it? Assuming you have paid 35 yrs National Insurance Contributions (NICs), the state pension will provide you with a basic threshold of living standards. For most people, this needs to be supplemented with work or personal pensions to support their standard of living in retirement. Due to pensions’ long-term nature, your investment could have multiple decades in which the power of compounding interest can work. A pension can provide peace of mind for your children and other family members that you will have enough money to support your lifestyle in retirement.
What do we need from the client? We must understand how you want to live in retirement, including your expected lifestyle choices.
What will we produce? A financial plan that considers your expected lifestyle choices in retirement. We will discuss our recommendations and ensure you understand what we recommend and why.
What tools do we use?
- FE analytics – a robust database and analysis tool containing most funds’ historical data. We use this to show how your current portfolios would have fared through time and how we can help improve them.
- Morningstar – we use model portfolio services from leading investment houses for most of our clients. Morningstar allows us to compare the long-term performance of these investment houses against one another. It forms a critical part of our central investment proposition research.
- Dynamic planner – allows us to risk map your existing portfolios to our risk yardstick, showing us if the portfolio meets your risk expectations and suits your goals and investment preferences. It also allows us to run psychometric tests with you, to help us establish your risk preferences, capacity and ability to take risks, and ethical choices. The tool works as both an analyser and a discovery tool. It also allows us to scour the market for the most appropriate custodians/platforms to house your assets.
Note. Levels and bases of, and relief from, taxation are subject to change. Because this investment may go down in value as well as up, you may not get back the full amount invested. Past performance is not a reliable indicator of future results.