Retirement planning and pensions

When the state pension was introduced in 1908, the average life expectancy was in the mid-40s. Today, the average life expectancy for women is around 82 and 78 for men.

So with many people looking forward to a lengthy retirement, it is never too early to start thinking about your financial security in later life as a state pension alone will not be sufficient to give you the comfortable retirement lifestyle you would like.

We will look at your current pension arrangements and what these are forecast to provide, to give you a full picture of how you stand now.

Then we will establish the income you would need to give you the lifestyle you hope for, the kind of contributions necessary to supply that income and your options.

The good news is that pensions are more flexible than ever before, from simple individual pensions to more complex schemes such as income drawdown and self invested personal pensions (SIPPs).

We can also identify other saving and investment opportunities to supplement your retirement income. All our recommendations will be based on our knowledge of you, your circumstances and your attitude to risk.

Our experience in protection against risk means we can also consider issues such as medical insurance, to give you peace of mind in case of ill health in later life.

Pension Changes 

Changes to the rules governing pensions are made on a reasonably regular basis and it’s important to stay on top of the latest developments as part of your investment strategy. Keep an eye on our blog for some of the latest news or talk to your financial adviser at HB&O Financial Services for more information.

If you would like further information or a no cost/obligation meeting, please contact our team.