Pensions
Pensions
Planning and Investing Your Pension
Many people fail to plan sufficiently for retirement which means that the nearer it gets, the more concerned they become. The earlier you start making contributions to a pension plan the better the likely outcome. At Paul Dodd & Company we will help you decide the appropriate level of pension contribution for you, and we will help you manage your plan.
A pension plan is nothing more than an investment. True, it attracts tax reliefs and exemptions but nevertheless it is still an investment and needs to be considered as such. It needs an investment strategy designed in line with your attitude and tolerance of risk. It needs to be focused on the day when you stop working and therefore as retirement approaches the investment strategy may well need to change to avoid unforeseen falls in value at the most crucial time. Because of this we insist on regular reviews with our clients to make sure that the pension plan is on track.
Existing Pension Plans
You may already have a pension plan or you may have one from earlier years, but when was it last professionally reviewed?
We specialise in reviewing and reporting on the efficiency of existing plans. We will make an in-depth analysis of your plan, its charges, its investment successes or failures and its likely investment quality in the future. If appropriate we will make recommendations for change, either of the provider, or the investment strategy you adopt. We will continue to monitor its progress for you and report regularly on whether or not it is on track to meet your needs.
At Retirement Advice
When you reach retirement you will have to choose which provider you will buy your Annuity from. You will need to decide whether you want to take a lump sum from your pension or whether you will take the higher pension available without the lump sum.
You may need to know how to invest capital for income in retirement.
All of these issues and more are part of the At Retirement advice given by Paul Dodd & Company. We help you discover what your income needs are and help you shape your pension plans and investments to provide you with the income you need.
We also continue to help you in retirement making sure that your investments are suitably monitored and changed if necessary.
