Pension funds – when did you last review them?

Why not consolidate them together?

Robert is 45 and has worked for many different employers with various group pension schemes over his working life. He is now self-employed.

His family is tired of receiving a mountain of pension statements for all of his separate pension plans so he asked an IFA for help on how to manage these plans better for him.

With so many statements, he finds it hard to get a picture of what his future retirement income will be and, more importantly, where his money is invested.

Robert's IFA was able to review each of his separate pension schemes and recommended that he consolidated the funds together into one easy to manage stakeholder pension scheme. By combining his funds together, Robert was also able to make real savings on the annual management fees with a large fund rebate.
His IFA was able to assess Robert's tolerance to investment risk and make some strategic fund changes.

Robert now feels so much better knowing that he had taken the time to review his plans and get them in order. He now feels confident about retiring in 20 years' time.