Pensions and the benefits of a financial broker

The value of your Financial Broker¹

How can a financial broker help with your pension?

Pension advice can help you get the most out of your retirement income, helping you on your way to a secure financial future.  A financial broker can help you:

• Understand the kind of pension you need: Pension plans can be complicated, with many rules and regulations. A financial broker will create a personalised pension plan for you, designed around your current situation and goals. They’ll help you maximise your tax relief, choose the right pension product, and minimise the charges. 
• Understand how much you need to invest: Your financial broker will help you decide how much you should save each month based on your retirement income goal, current age, salary, and planned retirement date.  
• Decide how to invest your pension: All investments carry some risk, but how much you can take and how much you need to take to meet your retirement income goal is personal. A financial broker will help you understand how much risk you’re comfortable taking and how much you need to take before you decide where to invest your pension contributions.
• Understand the benefits of combining your pensions: The savvy move might be to combine your pensions. Your adviser will ensure you understand the information needed to make an informed decision.
• Regularly review your pension plan: A financial broker regularly reviews your pension plan, adjusting to life changes, such as a change in income, marital status, or retirement objectives.
• Understand your retirement benefits: As you approach retirement, your Financial Broker will support you in choosing the most suitable retirement options for you and ensure you know how much each of your pensions is worth and how to access it.