nEWS AND INSIGHTS

Tax, investments and pension rules can change over time so the information below may not be current. This article was correct at the time of publishing.

Will I benefit from a no-obligation review of my existing pensions?

The average person has 11 jobs in their lifetime*. Auto-enrolment regulations mean that employees typically start a new pension with every employer. This means that keeping on top of all your pension pots can be hard work. Billions of pounds in pension savings are estimated to be lost in the UK*.

Check the flexibility of your pension

Old pensions may not give full flexibility for you to access your savings. Flexible access drawdown was introduced in 2015, if your pension scheme is older than this then you may be unable to access some of your funds and leave the remaining invested. You may also be unable to leave this pension to your loved ones when you die. At Four Wealth Management, we can request information on your existing pensions on your behalf and let you know what your current scheme offers you and make you aware of any limitations.

Book a no-obligation review of your existing pensions

Check the charges on your pension

All pensions incur charges, however you may not be aware of what charges you are paying to your provider. Some older schemes have higher charges than new ones which could impact the growth of your pension over the long term.

A financial adviser at Four Wealth Management can compare your current fees with a St. James’s Place pension and see if you can benefit from taking financial advice.

Consider consolidating multiple pension pots

If you do have several small pensions from multiple employers, a financial adviser at Four Wealth Management can review all of them. They may suggest that you combine your pensions to make it easier to manage.

Review your existing pensions now

At Four Wealth Management, we offer a no-obligation meeting to review your existing pension policies. Your adviser will then write to you with their recommendations and there is no pressure to proceed.

Book a no-obligation review of your existing pensions

 

 

*Gov UK, 2014 ‘Thousands more make contact with long lost funds’

Enquire Now

If you have any queries or would like to arrange a face to face meeting with an adviser for a no obligation review of your personal finances, simply book a call back using the form below. Alternatively, you can call us on 0117 973 0500.

The Partner together with St. James's Place Wealth Management plc are the data controllers of any personal data you provide to us. For further information on our uses of your personal data, please see the Partner's Privacy Policy or the St. James's Place Privacy Policy.

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Will I benefit from a no-obligation review of my existing pensions?
2021-04-13T12:00:00+01:00
FourWealth Management