In announcing the “Freedom and choice in pensions” changes at the last Budget, the Chancellor also told us that there would be an “advice guarantee” (by which he meant “guidance guarantee”) for all those reaching retirement to help them make good choices about their pension plan options.
Why wait until the financial services product providers, professional, trade and regulatory bodies get their collective acts together to provide the guidance, before you take any action?
Don’t be one of the statistics with some 80% of people taking their benefits from their current pension plan provider rather than receiving higher income benefits from a better provider.
Here at Informed Choice we have not only produced a plain English guide to the Retirement Choices & Options Maze but we have now prepared this short webcast for your guidance.
[youtube uUI6axz8LjE]There is much more than a semantic difference between mere “guidance” and authorised and regulated advice but it makes sense to start with the former and move onto the latter if you need it.
Our webcast describes the very important points that you need to consider before you make any decisions about taking your benefits from your pension plan (personal pension plans, stakeholder pension plans and money purchase occupational pension plans).
If you don’t consider all of your options there is a very real risk that you may come to regret your decision and that might result in less income for the whole of the rest of your life. It really is that stark!
Please do listen to the webcast and do let me know if you have any questions.
A Guide to the Retirement Choices and Options Maze
