Table sowing levels of service - provider, guidance, advice

Approaching Retirement

April 2015’s ‘pension freedom’ legislation has opened up a whole range of options to people approaching retirement. If you’re over 55 you can now access your pension pot more flexibly than ever before. But this brings with it a plethora of potential pitfalls, and the tax implications of different options can be huge. When the Government announced the major overhaul to the pensions industry they informed us that they would make "guidance" available to us all to help to help with the choices at retirement. This is a laudable idea, however it's important to understand the difference between guidance and advice.

 

The table on the left compares the levels of service you can expect from the different sources.

 

Our expert advisers will talk to you about your circumstances and needs and help to make sure you don’t get any nasty surprises from the taxman. Our retirement options expert is Steve Monckton, who runs a regular newsletter aimed at people approaching (and indeed, in) retirement. Visit our Aspira Inform pages to see the latest on retirement income and to sign up for the newsletter. And if you'd like to speak to one of the team to discuss your retirement plans please get in touch.

Steve Monckton - Financial Planner

The Financial Conduct Authority does not regulate tax advice.