If you are retired or within 5 years of retirement this is about you.
One of the findings of a recent report from the Financial Conduct Authority was that people with pension plans could be receiving up to 37% more retirement income if they had been given the right guidance/advice about their investment choices pre or post retirement. That’s 37% per annum – a staggering amount of money if you add it up throughout retirement.
Other findings were that charges varied greatly, were complex and difficult to compare and that annual statements, if issued, did not always disclose charges or investment performance.
All of this three years after the introduction of the “pension freedoms” which were designed to give people more choice and freedom at lower cost.
The overall conclusion was that the performance of many traditional pension providers were putting consumers at the risk of significant harm.
And what is this body, which is meant to be looking after us, doing about it? INVITING CONSULTATION is the answer. In the meantime practices causing immense harm to consumers will continue.
Are you just going to sit back and let this happen to you? I hope not.
There is action you can take very effectively. Myself and many of my clients have successfully moved our pension plans from the traditional pension providers to Hargreaves Lansdown, the clear market leaders in the online financial services world.
Their processes are very user friendly and low cost. However, you will probably need some guidance in making the transition. This where the guidance provided by The Investment and Retirement Service comes in.
In an effort to make the process as easy as possible I am offering a FREE TRANSITION REPORT (normally £247) to anyone with a pension fund forecasted to be valued at not less than £200,000 by their expected retirement date.
Hopefully the offer will remain open until the end of August but it may have to close earlier if demand is too high. If you would like to know more just get in touch or phone me, Richard, on 07770 575122.
This document and our on going services are not personal advice. We'll give you all the help and guidance you need to make your investment and retirement decisions, but we can't advise you. If you're not sure whether you need regulated financial advice we can put you in touch with a suitably qualified and experienced regulated adviser. Because we are not regulated by the Financial Conduct Authority you will not have access to the Financial Ombudsman Service in respect of any complaints. If you use one of the "no advice" on line services to handle investment transactions they will be Regulated and you will have access to the Ombudsman and The Financial Compensation Scheme in respect of their services. The value of investments/pension plans can fall or rise depending on market performance. The Retirement Team and The Investment and Retirement Coach are trading names of Capture Success Ltd Reg No 01825075 Tel 07770575122