We have often heard the phrase, ‘my property is my pension’. People tend to have different plans for retirement. As life expectancy has continually increased for the UK population over the past decades, it follows that the thought of ensuring a decent quality of life post retirement is considered.
A new government initiative is now available to ensure that pension holders have access to financial advice regarding their retirement. Research shows that when taking professional advice around pension planning you are more likely to save more and have a larger pot to draw down when you finish work.