5 reasons to get financial advice for your pension

Your pension is such an important part of your retirement. For most of us, it’s likely that our retirement will span over 30 years, and you’re faced with having to manage and invest a large amount of money that you can’t afford to lose.

It can be a daunting thought, but there’s always advice and guidance available to you. So, why get financial advice for your pension?  

1. So you can be confident in your decisions

With a financial expert by your side, you’ll have the help to implement a strategy for your pension which helps withstand market volatility. Financial advisers study and train hard to work in this field, so you can expect a deeper insight and understanding of the markets which you can’t easily get yourself.

2. To bring an objective view of the market

When your retirement is on the line, its only natural to push the panic button when markets begin to drop. We call this “emotional” investing and can lead to you making rash decisions which aren’t best for your investment. Having the objective, steady hand of a Wealth Manager can help you in these scary times. They can help present all of your options to you and give a clear explanation as to how your choices are likely to play out. Having financial advice will keep your eyes on the long term and avoid rash decisions.

3. To ensure you take advantage of tax-breaks

Tax rules change constantly, and it can be difficult to understand how they’ll affect you. With financial advice you can make sure that you’re taking advantage of your current circumstances and not paying more tax than you need to. 

4. Plan ahead and time your retirement right

When markets go mad, it’s easy to get nervous about starting your retirement with a lower pension than you expected. If you’re nearing retirement, you need to make sure that the level of risk your pension is exposed to is one you’re comfortable with. An adviser can look at your timescales and help your plans stay achievable, and whether it is best to delay or change those plans.

5. Advice built around you

We each have different needs, different goals, and different circumstances, especially when it comes to retirement. The one-size-fits-all approach wont work for everyone. When you get financial advice, you can be confident that it takes into account where you want to be, and what you want to do in retirement. 

Get expert advice from one of our Chartered Wealth Managers.

We offer a no obligation consultation. It’s good to talk, so feel free to get in touch on 01858 791182.

The value of an investment with St. James’s Place will be directly linked to the performance of the funds you select and the value can therefore go down as well as up. You may get back less than you invested.

Get in touch.

We work with many local business owners and directors across the Midlands, helping them and their families to become financially independent.

Whether you are a startup looking to scale or a seasoned business owner planning your next journey, we will take the time to understand your objectives and plan a course of action.

You can call us on 01858 791 182  or email us at the link below.

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Sovereign Wealth Limited is an Appointed Representative of and represents only St. James’s Place Wealth Management plc (which is authorised and regulated by the Financial Conduct Authority) for the purpose of advising solely on the group’s wealth management products and services, more details of which are set out on the group’s website www.sjp.co.uk/products. Sovereign Wealth Limited is a Limited company registered in England and Wales, Number 07115386. The ‘St. James’s Place Partnership’ and the titles ‘Partner’ and ‘Partner Practice’ are marketing terms used to describe St. James’s Place representatives.