Many of us only retire once. The benefit of having a thorough review at this time is that you’ll gain the confidence of knowing that you got it right.
We’ll consider your personal situation and income needs and take account of factors such as whether you want to take any risk with your retirement income, whether you’ll need access to take lump sums and if you need to make provision for your partner or dependants in the event of your death.
We’ll look at all the alternatives, such as buying a guaranteed income for life (an annuity), drawing income from your pensions as and when it’s needed (income drawdown) or using other investment solutions.
When considering annuities, some people will just take the income offered by their existing pension provider. In some cases, by shopping around we can improve pension incomes.