BUILD A BIGGER PENSION POT
THROUGH INVESTING
By Angela Maher Managing director, Acumen Financial Partnership
We all want to build a retirement pot big enough to allow us to retire, confident that we won’t run out of money.
A major misconception is that the most important thing in achieving this, is how much to save monthly and yearly, when really we should focus on the capital growth, not how much goes into the pot.
It is easier to invest your way to £1m than to save £1m.
The Barclays GILT Study shows that over the last 120 years, a highly diversified basket of global shares would have outperformed cash in the bank by an average of seven per cent per annum.
Having confidence in a portfolio allows investors to weather the storm when markets fall – knowing you have high quality, well diversified investments and sound advice which gives you the confidence to hold them through
challenging times and enjoy the growth when markets rise.
Life typically has three main stages. In plain English, these are, saving for retirement, preparing to retire and drawing an income in retirement.
The quality portfolios we build help our clients accumulate the most amount of capital, with as much help from the taxman as possible, so they can draw a greater amount of sustainable income in retirement than they thought was possible.
Combining top-flight investment solutions, careful tax planning, withdrawal strategies and cashflow modelling can be life-changing.
If you would like to feel confident about your retirement plan, do call us. Our specialist independent financial planners and wealth managers will be delighted to help you.
LOOK BEYOND THE DEFAULT AUTO
ENROLMENT OPTION By Paul Rowe
Director and independent financial adviser, Pro Start Pensions
Workplace pensions are not just a matter of regulatory compliance, they can be an effective way to attract and retain the right employees, as well as a useful tool for supporting employee’s financial wellbeing.
But how often do you review your workplace pension? You and your employees could be missing out on schemes that offer better value and flexibility.
Many business owners, when setting up their workplace scheme used a ‘default’ provider like NEST, however, pensions have become increasingly competitive, and by reviewing your scheme, you may stand to benefit from:
• More competitive charging structures
• Salary sacrifice, which allows your employees to take a lower gross salary in exchange for higher pension contributions, with both the employer and
employee saving on National Insurance Contributions
• Ongoing financial education and guidance
• A broader range of investment choice – providing more choice than the ‘default option’
• More choice and flexibility when accessing your pension in the future.
Pro Start Pensions can help you manage this process, providing:
• Access to the workplace pension market, we are independent advisers.
• Help for you with ongoing reviews and support with compliance
• Help for your employees with seminars, workshops and one- to-one sessions to help them do more with their money.
• Help with consolidation of pensions from previous employment.
LANCASHIREBUSINES SV
IEW.CO.UK
19
IN VIEW
PENSIONS & RETIREMENT
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