A recent report into pension advice behaviour of those aged between 54 and 71 has found that those who had planned for their pension provision after taking professional advice were, on average, 39% a year better off in retirement than those who had made their decisions alone.
The survey also found there is a real reluctance among the baby-boomer generation to seek expert advice – 47% of those questioned admitted to have done nothing, or were planning to do nothing, to gain more knowledge about pension retirement – with just 20% having sought face-to-face regulated financial advice. Worryingly, an even smaller number (17%) would even consider government-endorsed schemes such as the Pensions Advisory Service or Pension Wise.
Here at The Financial Planning Group we are proud of our reputation of providing independent financial advice and solutions to individuals, families, companies, trustees, accountants and solicitors. We are fee based and unbiased, working with our clients to realise their financial goals by placing their financial affairs in context with their future goals and aspirations.
We provide a simple, structured, disciplined and reviewable planning service. We will change the fundamental relationship people have with their money to give them confidence and clarity in their own future.
If you would like to arrange a pension or investment consultation, please call Tim Norris or Alan Clifton on 0800 731 7614 and we would be delighted to arrange a meeting at our offices in the heart of Teddington.