Our aim in the years before your retirement is to help ensure you make adequate provision for the lifestyle you aspire to, in your later years.
It is widely agreed that often the most important factor in determining the size of your retirement funds, is the length of time you have allowed your investments to grow for. Indeed, Albert Einstein famously supported this theory, having reportedly declared that 'the most powerful force in the universe is compound interest'.
For this reason, we strongly believe it is never too early to begin your financial planning for retirement and that time is very much of the essence.
If you have no existing pension provision, we can guide you through the choices open to you or alternatively, if you have already made some provision for your retirement, we can help you to understand and take advantage of the significant developments in pension funding options available to you, which have arisen since 6th April 2006 or 'A-Day' as it is commonly known.
We will also analyse the suitability of your current arrangements and whether they are likely to help you achieve your objectives, because we are regularly surprised by the number of poor quality plans in existence, often that have been set up many years ago and which are languishing in dead-end funds and suffering extortionate charges, seriously undermining retirement plans.
In addition, if you have several different pension plans and have wondered about the benefits of undertaking a consolidation exercise, we can undertake a review of each of your arrangements for you, to assess their individual merits and whether you can achieve greater control, cost efficiency and investment performance by bringing them together.
Our discussions with you will consider matters such as the level of income you feel you will require in retirement, whether you are saving enough and how well any existing pension funds or retirement-related investments, such as a Buy-to-Let property, have been performing.
We will recommend a strategy which takes account of your tolerance to risk and affordability, whilst giving you the best opportunity of enjoying the retirement you hope for.
Please feel free to contact us if you feel you would benefit from working with Chamberlyns.