What are your Pre Retirement Investment Options?
Your investment choices in the few years before you retire are crucial.
They could make all the difference to maintaining your lifestyle into retirement.
If your retirement fund is not where you want it to be , one stratergy to consider is to keep your savings invested as long as possible
There are 3 main investment strategies when it comes to retirement,
- Stay Invested and try to grow your retirement fund;
- Reduce your risk by using less risky investment funds
- Guarantee a future level of income from your fund
Contact us today to discuss your requirements before its too late
Leading IFA website, Which-Advisor made the recommendation after research last month revealing nearly 90 per cent of independent financial advisors believe the recent falls in annuity rates will lead to an increase in demand for alternatives, such as income drawdown and flexible drawdown.
Which Advisor Spokesperson, Paul Walsh, said: “With new changes in place on annuities and pensions in general, retirement planning is increasingly complex and seeking professional advice for such an important area of your personal finances is highly recommended.”
IFAs can offer access to the entire open market for annuities and drawdown options
In order to access the entire open market, retirees should enlist the help of a qualified independent financial advisor.
We are Independant Financial Advisors and can ‘shop around’ for the best deals on pension annuity rates for our clients and compare quotes from a range of providers.
The range and complexity of the options mean that retirees need independent financial advice to ensure their own best interests. Independent financial advisors are regulated by the FSA and, by law, must give impartial advice to their clients. That means they are completely free of any ties to any provider and must recommend the option that is best suited to your needs.
Using your Pension as a Business Loan
As financial advisers we are often consulted regarding capitol raising for business purposes.
The banks will offer you a very generous rate, to them and business owners are thanking them and taking them up on this, we I suppose get the ones which are declined by the banks, luckily for them and they are amazed that we can utilise the pension fund for the loan and they can pay themselves the same rate of interest.
Why pay a bank 10% if you can pay it to yourself and get tax relief. After all how many investment can you make which will give you that as a guaranteed return over the next five years.
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Further Information
For further information or a confidential consultation with regard to pensions please e-mail info@upfrontfs.co.uk