The Pension market is ever changing and in recent years has seen the introduction of the pensions freedom legislation.
It can be daunting for an individual to keep track of and understand the options available with regard to their retirement planning.
Planning for your retirement is possibly the most important financial decision you will ever make. With life expectancy increasing year on year, we are now seeing the potential to spend almost as many years enjoying retirement as we have spent saving for it. Planning for it correctly will provide you with the standard of living you wish after you stop work.
Forward planning for your retirement can mean having the reassurance of financial security in later years, rather than the worry of wondering how you will cope. A comfortable lifestyle in retirement is something to which we all aspire, and increasing longevity means that we all need to make extra provision for that retirement.
Integrity provides advice on the merits or otherwise of transferring from final salary (defined benefit) pensions, to personal pension arrangements. Whilst defined benefit schemes provide valuable guarantees, there are often reasons why an individual will consider moving from a defined benefit scheme to a personal plan. Whilst the reasons and merits of a transfer will depend on the circumstances of the individual investor, Integrity has the expertise to advise our clients on the most appropriate strategy.