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Leaf Financial Advisers

Pension Advice

Your pension is one of the most important assets that you will build over your lifetime.  The right guidance can help that asset grow and ensure you have enough in retirement to lead the lifestyle you want.

Leaf Financial Advisers Ltd. - Bristol Pension Advisers

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The Importance of Good Advice

With life expectancy continuing to increase, a retirement of 30 years or more is increasingly likely and most of us want a secure, happy and healthy retirement, free from money worries.  As a result, decisions around your pension and retirement plans can be some of the most important you make in your life.

Recent changes to pension rules make it vitally important for you to get good advice.  New pension freedom legislation means you have more flexibility with your pension fund than ever before, resulting in many opportunities to boost the performance of your pension and retirement savings.  Unfortunately this has also resulted in increased complexity in the market with ever-changing regulations and an increasing range of products.

Whether you are at the start of your working life or approaching retirement you will likely benefit from arranging your pension and long term savings in the most efficient way.  Advice from a Regulated Independent Pension Adviser can help to ensure you have the right plan in place.

Why Pension Advice is Important

The Importance of Good Advice

With life expectancy continuing to increase, a retirement of 30 years or more is increasingly likely and most of us want a secure, happy and healthy retirement, free from money worries.  As a result, decisions around your pension and retirement plans can be some of the most important you make in your life.

Recent changes to pension rules make it vitally important for you to get good advice.  New pension freedom legislation means you have more flexibility with your pension fund than ever before, resulting in many opportunities to boost the performance of your pension and retirement savings.  Unfortunately this has also resulted in increased complexity in the market with ever-changing regulations and an increasing range of products.

Why Pension Advice is Important

Whether you are at the start of your working life or approaching retirement you will likely benefit from arranging your pension and long term savings in the most efficient way.  Advice from a Regulated Independent Financial Adviser can help to ensure you have the right plan in place.

Free Consultation

Get in touch and we will give you a free consultation to discuss your situation and how we can help you.

Ways to get in touch with a pension adviser

Fill out our contact form and an adviser will call you back at a time that is convenient to you

Give us a ring for a Free no obligation discussion on how we may be able to help you: 01173 823 823

Drop us a line with any query you may have and we'll make sure we get back to you as quick as we can: contact@leafifa.co.uk

How Leaf Financial Can Help You

We have two main objectives when customers come to us for pension advice: to maximise the size of their pension pot and help them to clearly see their retirement future.

Growth

We can maximise your pension growth through a variety of ways. 

We use sophisticated financial modelling techniques combined with our expert knowledge in areas such as tax efficiency, investment risk management, investment style, pension consolidation and access to exclusive rates from providers. 

All with the potential to boost your pension and help you achieve the retirement you deserve.

Understand Your Future

We will help you to see your financial, post-retirement, future and understand it in a visual, jargon-free way.  

A bespoke living financial plan where you can clearly see what you can achieve depending on the decisions you make; whether it’s what you can afford in retirement or even when you can afford to retire.

Drawdown Planning

With the days of certain retirement dates and being forced to buy an annuity behind us, it’s important to continue to manage how you access your pension.

We will develop a drawdown strategy that will make sure you have access to your pot at the right times while boosting the growth of the rest, all in a tax efficient manner.

Pricing

Our pension pricing is Up-Front, Transparent, and Fair to ensure you only pay for the high-quality advice you deserve.  

We think our pricing policy sets us apart; we are very upfront about how our pricing works.  More can be found on our dedicated Pricing page.

Delivering Quality Convenient Advice...

Flexible & Straightforward

We offer flexible appointments, including evenings and weekends, not just 9 – 5. Because good advice fits around your schedule, not ours.

We believe in simple English with no complex jargon, to make sure you fully understand your current Pension situation and any changes we advise.

Personal Adviser

You will be assigned your own Personal Adviser from the start to the end of your journey.  Someone to speak to face-to-face or on the phone if you have any questions or queries.  If you need an update, have a query or just want a chat, they will be there for you.

What does the Pension Advice process involve?

A Summary of a typical pension advice process – please get in touch if you have any further questions.

Each Advice process is unique, based on your own personal situation.  The below steps are a typical example of what you may experience.  Please contact us if you would like an explanation of what the process would look like for you or click to see the process in more detail.

1 - Book Consultation

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1 - Book Consultation

The first stage is to contact us a book an initial consultation. We will work around your schedule and make sure to meet at a convenient time for you. You may be asked to bring some information along with you, e.g. current pension plan arrangements.

2 - Initial Meeting

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2 - Initial Meeting

During your initial meeting your adviser will explain the advice process, gather information about your current situation (e.g. assets, income, debt etc) and discuss your goals (ideal income in retirement, age of retirement etc) and outline the different options that are available.

3 - Review / Implementation

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3 - Review / Implementation

After the first meeting your adviser will undertake research and use sophisticated financial modelling techniques to determine the best way to reach your retirement goals. In the second meeting your adviser will present to you the findings and take you through the plan we have developed using jargon-free, plain English.  If further work is then required to tweak your plan then your adviser will arrange follow-up meetings. Once you have gained an understanding of your pension plan and are happy to proceed we will then put the plan into place, liaising with the various plan and product providers on your behalf.

4 - Ongoing Monitoring

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4 - Ongoing Monitoring

One of the most important steps. Ongoing monitoring ensures that your pension remains invested in the right way. The tax rules and investing world are always changing and ongoing monitoring makes sure your pension pot remains arranged in the best way for you.

1- Book Consultation

The first stage is to contact us a book an initial consultation. 

We will work around your schedule and make sure to meet at a convenient time for you. You may be asked to bring some information along with you, e.g. current pension plan arrangements.

2 - Initial Meeting

During your initial meeting your adviser will explain the advice process and gather information about your current situation (e.g. assets, income, debt etc) and discuss your goals (ideal income in retirement, age of retirement etc) and outline the different options that are available.

3 - Review & Implementation

After the first meeting your adviser will undertake research and use sophisticated financial modelling techniques to determine the best way to reach your retirement goals.
In the second meeting your adviser will present to you the findings and take you through the plan we have developed using jargon-free, plain English.  If further work is then required to tweak your plan then your adviser will arrange follow-up meetings.
Once you have gained an understanding of your pension plan and are happy to proceed we will then put the plan into place, liaising with the various plan and product providers on your behalf.

3 - Ongoing Monitoring

One of the most important steps, ongoing monitoring ensures that your pension remains invested in the right way.

The tax rules and investing world are always changing and ongoing monitoring makes sure your pension pot remains arranged in the best way for you.

Complimentary Initial Meeting

We always offer a complimentary consultation and always completely at our expense. 

We use this session to discuss any queries you may have, determine if you need any financial advice and if so what would sort would best suit you.  It also allows us time to get to know each other and explain how the advice process works and what you will receive for each service.

The session usually last between 30 minutes and an hour.

You will walk away from your consultation with an understanding what advice you may need, how it will benefit you and how much it will cost.

We aim to simplify financial advice– because life is complicated enough.

Ways to get in touch

Fill out our contact form and an adviser will call you back at a time that is convenient to you

Give us a ring for a Free no obligation discussion on how we may be able to help you: 01173 823 823

Drop us a line with any query you may have and we'll make sure we get back to you as quick as we can: contact@leafifa.co.uk

! Final Salary Pension Transfers !

Please be aware that we do not currently offer direct advice on most types of Final Salary Pension Transfers.  For this type of specific advice we will have to refer to a specialist firm in our network.

We are still happy to offer transfer advice on other types of pensions and to offer non-transfer advice on final salary pensions; such as helping you plan your retirement to see when you will be able to retire and to help you have enough income to live the lifestyle you deserve.

If you are unsure about the type of pension you have or what we can offer then please get in touch.  We are always happy to answer questions and give guidance.

Regulated and Independent

We are Independent Advisers meaning we can access the entire market to make sure we find the most suitable products for you.

With us on your side you’ll gain the protection of Regulated Advice.  All of our Advisers are Qualified by a Chartered body and Authorised by the FCA. 

Frequently Asked Questions

We answer some of our most commonly asked questions below.  But if you would like to know more then please get in touch and we will be happy to answer any query you may have.

According to research by consumer association Which?, the majority of advisers charge an upfront fee which is calculated as a percentage of the amount to be invested, with an average fee of 2.7%. Which? asked over 100 advisers how much they’d charge based on a range of different pension scenarios. The average cost for transferring multiple pensions worth £150,000 into a single plan amounted to £2,897, whilst retirement advice on a pension worth £100,000 cost an average of £1,837.

You should always make sure that you make sure you’re clear with how much you will be charged before you proceed with pension advice.

We always ensure we are trasparent and up front with our pricing and make sure you understand our charges before we proceed.  You can find out more in our Pricing page.

Transferring your pension will require advice, which you will have to pay for. You must have a clear understanding of the risks of swapping safeguarded benefits for flexible ones. The value of your pension pot may go down due to poor performing investments.

Final Salary (aka Defined Benefit) pension transfers are commonly inquired about, especially since Pension Freedoms legislation was introduced in 2015.

In short, the Financial Conduct Authority stipulates that individuals with a pension value over £30,000 must take advice.  This advice must be from a regulated adviser with the relevant permissions and qualifications. 

Yes, our advisers are qualified and regulated by the Financial Conduct Authority, giving you extra peace of mind. 

Under the governments  Pension Advice Allowance a person may make three withdrawals from their pension scheme of upto £500 pounds (so up to £1,500 in total) to pay for “Retirement Advice”.  These is no limit on the age at which the allowance may be accessed, although it must only be used for advice related to Retirement planning.

To work out how much you need in your pension you must first determine how much retirement income you will need to meet your retirement spending needs.

What is deemed a suitable level of pension income for retirement varies a lot from person to person, as we all have a wide range of what quality of life we each determine to be suitable.

It may help to look at the average of what is spent in retirement.  According to the ONS, in 2017 the average retired household spends £21,770 a year.  Please get in touch with us if you would like an analysis of what your individual spending requirement is likely to be and if your current pension arrangements are adequate.

Contact Us

Please fill out the below form and an Adviser will call you back at your requested time:

Finding the right independent financial adviser (IFA) is an important decision and should not be made hastily.  We want to help you make the right decision, both for which adviser you select and what type of advice you elect to receive.

We offer an initial consultation for free without cost or obligation, giving you the opportunity to ask any questions you have about the advice process, our firm, our costs or anything else you are unsure about.

Clients often worry that advice will cost too much.  Our Fair Price Promise means we will only engage a new client if we believe the benefit will exceed any fees we may charge.

Please get in touch today for a chat about how we can help you.

Give us a ring – 01173 823 823

Drop us a line – Contact@LeafIFA.co.uk

Send us a Tweet – @BristolIFA

Find us on Facebook – Leaf Financial Advisers Ltd.

Step 1 – Initial Meeting

A initial meeting to discuss your current pension position and explore what you expect from retirement, including income levels and when you would like to retire. 

A cornerstone of our work will be to examine and understand your unique current financial situation and your future goals and plans.

This meeting can be in your home, an alternative location of your choosing or via a video call.

Step 2 – Analysis

Once we have acquired a deep understanding of your current pension position and your wider view on factors such as risk tolerance, we use sophisticated statistical financial modelling techniques to determine the optimal way to reach your retirement goals.  

This roadmap will involve such factors as asset allocation, sector weighting, geographical splits, and tax wrappers among many others.

Step 3 – Optimise and Develop Plan

The next step is to look at the wide range of products and providers available across the entire market and determine which are the most suitable for your plan.  

We use our financial expertise to select the most optimal ones taking into account factors such as cost,  tax, risk tolerance etc to ensure the most suitable ones are chosen for your particular strategy, situation and goals.

Step 4 – Initial Review

This second face to face meeting will be to present to you our findings and take you through the plan we have developed using jargon-free, plain English. 

You will gain an understanding of what your retirement will look like, what actions you can take to boost your retirement income and other details such as the ability to access cash lump sums.

We will take you through the recommendations in your plan, including why we have chosen particular products or providers, how they align with your risk profile and investment and life goals.

You will have a comprehensive written report to keep which we will make sure you fully understand during the meeting.

Step 5 – Implementation

We put the plan into place, monitoring the progress and keeping you abreast of all developments.  You can have peace of mind knowing a regulated professional is implementing your plan.

Step 6 – Ongoing Review

An ongoing monitoring and review process is advisable to ensure that you pension arrangements are still optimal for your situation.  It depends on what form this takes but it usually at lower cost that initial advice.

Fill out our contact form and an adviser will call you back.

Give us a ring for a Free no obligation discussion on how we may be able to help you: 01173 823 823

Drop us a line with any query you may have and we'll make sure we get back to you as quick as we can: contact@leafifa.co.uk

Thank You!

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