How to take your pension pot
On Monday evening the Channel 4 Dispatches program looked at the risks associated with the changes that are being made to the way in which pension pot owners can take their retirement benefits.
Of course a 30 minute television documentary can only scratch the surface of the challenges but there were some timely warnings about the risk of “blowing” your retirement income.
How to Take Your Pension Pot – A Practical Guide to Your Retirement Options is brand new book from Informed Choice.
If you are thinking “How boring, a book about pensions!”, you may need to think again!!
Written by Nick Bamford he has condensed 25 years of advising clients about their retirement options into an easy to read book.
Looking at it from the consumer’s perspective, Nick has armed the reader with 40 questions that they absolutely need to ask themselves, their pension pot provider and if they decide to take professional advice, their adviser.
Included in the book is a Retirement Budget Planner to help the reader think about the level of retirement income that they need.
As well as their pension pot Nick has also considered how savings and investments such as ISAs might be converted into retirement income as well.
With the government introducing the Pensions wise guidance service from April, Nick has explained the difference between authorised and regulated advice and the guidance service.