Pension Advice

Retirement Planning,

Before, During and After

The flexibility offered by Personal Pensions has improved dramatically in recent years. As a result, personal pensions now offer a wide set of opportunities and benefits, but carry with them an equally wide set of questions and challenges.

The Pension Freedom changes introduced by the government in 2015 have placed a greater level of responsibility on individuals. You need to ensure your pension pot can provide you with a sufficient level of income in retirement, and also potentially provide for any dependants after you die.

Below is an overview of some of the services relevant to each stage of the retirement planning process. These stages are not exclusive of each other. At certain points in your life it will be important to re-assess and prioritise your objectives, whilst planning for multiple scenarios:

Planning before your Retirement (Accumulation)

Ongoing suitability assessment of existing pension plan/s
Projecting potential income levels in retirement based on your current circumstances
Making a plan for your pension contributions whilst considering:
- Your preferred retirement age
- The tax efficiency/advantages of pension contributions
- Your current income levels, income types, and expenditure
Setting achievable goals in advance of retirement
Investment advice, to align your investments with your goals and attitude to risk

Planning during your Retirement (Decumulation)

Creating a tax-efficient withdrawal strategy, aiming to maintain the value of your pension for as long as possible
Purchasing an annuity, to provide a guaranteed income for as long as you live
Assessing the potential sustainability of current, or desired, retirement income levels (using cashflow modelling)
Ongoing suitability assessment of existing pension plan/s
Investment advice, to maintain the alignment of your investments with your goals and attitude to risk

Planning for after your Retirement (Succession)

Creating a retirement income plan to maximise the potential value of your estate
Nominating beneficiaries to inherit the value of your pension e.g. spouse, children, sibling
- Liaising with your beneficiaries to advise them in advance of inheritance (if desired)
Assessing and monitoring the tax
Investment advice, to align your investments with your goals and attitude to risk

For more information relating to the investment advice that forms part of the pension advice process, click here.

Please contact me for more information about this service.

My Approach

Step 1 - Establish Relationship

Inform you about the planning process, the services I can offer,and my competencies and experience. We will determine whether the services I offer could meet your needs and agree on the services to be provided.

Step 2 - Collect Information

We will identify your personal and financial objectives, along with your needs and priorities which are relevant to my engagement with you, before making recommendations. This involves collecting hard (quantitative) and soft (qualitative) facts about you and your circumstances.

Step 3 - Analyse and Assess your Financial Status

I will analyse your information and develop a thorough understanding of your circumstances. I can then assess the strengths and weaknesses of your current financial situation, and compare them to your objectives, needs and priorities.

Step 4 - Develop and Present Financial Recommendations

I'll then consider strategies relevant to your situation, and develop a recommendation that could meet your objectives, needs and priorities. I'll then present this plan to you along with my rationale for the recommendations, so that you can make an informed decision.

Step 5 - Investment Proposition

I'll construct a portfolio based on Abacus Financial Options' in-house research and expertise. This will take into account key factors, such as your attitude to risk and capacity for loss. This will be diversified across asset classes and investment managers. as appropriate.

Step 6 - Implement Financial Planning Recommendations

We will agree on the implementation, and I will also have identified appropriate products and services to work alongside the recommended plan.

Step 7 - Regularly Review your Financial Plans

We also agree on terms for reviewing your plans and re-evaluating your personal circumstances, objectives and priorities. We will review your progress towards achieving your objectives, review the suitability of my recommendations, and revise them if necessary.

To Request a No-Cost Initial Consultation...

Click Here

07707 900607

dan@abacusfinancialoptions.co.uk

Abacus Financial Options,

Arena Business Centre,

9 Nimrod Way,

Ferndown, Dorset

BH21 7UH

Pension Advice

Retirement Planning,

Before, During and After

The flexibility offered by Personal Pensions has improved dramatically in recent years. As a result, personal pensions now offer a wide set of opportunities and benefits, but carry with them an equally wide set of questions and challenges.

​

The Pension Freedom changes introduced by the government in 2015 have placed a greater level of responsibility on individuals. You need to ensure your pension pot can provide you with a sufficient level of income in retirement, and also potentially provide for any dependants after you die.

​

Below is an overview of some of the services relevant to each stage of the retirement planning process. These stages are not exclusive of each other. At certain points in your life it will be important to re-assess and prioritise your objectives, whilst planning for multiple scenarios:

​

Planning before your Retirement (Accumulation)

​

Ongoing suitability assessment of existing pension plan/s

Projecting potential income levels in retirement based on your current circumstances

Making a plan for your pension contributions whilst considering:​​

Your preferred retirement age​

The tax efficiency/advantages of pension contributions

Your current income levels, income types, and expenditure

Setting achievable goals in advance of retirement

Investment advice, to align your investments with your goals and attitude to risk

​

Planning during your Retirement (Decumulation)

​

Creating a tax-efficient withdrawal strategy, aiming to maintain the value of your pension for as long as possible

Purchasing an annuity, to provide a guaranteed income for as long as you live

Assessing the potential sustainability of current, or desired, retirement income levels (using cashflow modelling)

Ongoing suitability assessment of existing pension plan/s

Investment advice, to maintain the alignment of your investments with your goals and attitude to risk

​

Planning for after your Retirement (Succession)​

​

Creating a retirement income plan to maximise the potential value of your estate​

Nominating beneficiaries to inherit the value of your pension e.g. spouse, children, sibling​

Liaising with your beneficiaries to advise them in advance of inheritance (if desired)

Assessing and monitoring the tax​

Investment advice, to align your investments with your goals and attitude to risk

​

For more information relating to the investment advice that forms part of the pension advice process, click here.​

​

Please contact me for more information about this service.

​

​

My Approach

Step 1 - Establish Relationship

Inform you about the planning process, the services I can offer,and my competencies and experience. We will determine whether the services I offer could meet your needs and agree on the services to be provided.

​

Step 2 - Collect Information

We will identify your personal and financial objectives, along with your needs and priorities which are relevant to my engagement with you, before making recommendations. This involves collecting hard (quantitative) and soft (qualitative) facts about you and your circumstances.

​

Step 3 - Analyse and Assess your Financial Status

I will analyse your information and develop a thorough understanding of your circumstances. I can then assess the strengths and weaknesses of your current financial situation, and compare them to your objectives, needs and priorities.

​

Step 4 - Develop and Present Financial Recommendations

I'll then consider strategies relevant to your situation, and develop a recommendation that could meet your objectives, needs and priorities. I'll then present this plan to you along with my rationale for the recommendations, so that you can make an informed decision.

​

Step 5 - Investment Proposition

I'll construct a portfolio based on Abacus Financial Options' in-house research and expertise. This will take into account key factors, such as your attitude to risk and capacity for loss. This will be diversified across asset classes and investment managers. as appropriate.

Step 6 - Implement Financial Planning Recommendations

We will agree on the implementation, and I will also have identified appropriate products and services to work alongside the recommended plan.

​

Step 7 - Regularly Review your Financial Plans

We also agree on terms for reviewing your plans and re-evaluating your personal circumstances, objectives and priorities. We will review your progress towards achieving your objectives, review the suitability of my recommendations, and revise them if necessary.

​

To Request a No-Cost Initial Consultation...

Making a plan for your pension contributions whilst considering:

Your preferred retirement age

Planning for after your Retirement (Succession)

Creating a retirement income plan to maximise the potential value of your estate

Nominating beneficiaries to inherit the value of your pension e.g. spouse, children, sibling

Assessing and monitoring the tax

For more information relating to the investment advice that forms part of the pension advice process, click here.