Call Richard Cook: 07770 575 122

email: richard@theinvestmentandretirementcoach.co.uk

How much do you mistrust the pensions world?

That mistrust of the pensions world was one of the primary reasons why people were accessing their pension pots early was one of the less surprising findings of the Financial Conduct Authorities (FCA) recent retirement outcomes review. (yes, I read all 122 pages…)

Since “pensions freedoms” were introduced in April 2015 the FCA found that over one million pension pots have been accessed with the majority being taken as lump sums. Admittedly most of those pots were small and most individuals had other sources of retirement income.

Where the pension pot is larger twice as many people are moving into drawdown (leaving the fund invested and drawing an income from it) than purchasing annuities compared to over 90% purchasing annuities pre April 2015.

What is worrying is that 30% of individuals go into drawdown without taking advice/guidance and even more just buy from their existing provider without shopping around.

I have been in drawdown myself for some years and previously advised on drawdown since its introduction in the mid 1990’s.  If drawdown is to produce an acceptable level of income in retirement, without unacceptable risks, it really does need to be managed very carefully particularly in volatile, unpredictable times.

Providing drawdown guidance, or sourcing a regulated adviser with the knowledge, background and processes to provide a really good service, is one of the areas where I can add most value to my clients’ retirement planning.

If you have a pension pot in excess of £100,000 and are approaching retirement, or already in drawdown, we really should be talking. Just text “drawdown” to 07770 575122 and I will be in touch for a free discussion.

This isn’t theory. It’s real, practical down to earth stuff based on how I am managing my own retirement funds and supporting a very nice, worry free, lifestyle. It’s your money but you can’t expect it to look after you unless you give it some loving care and attention.


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

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