The introduction of pension freedoms in 2015 may have provided greater choice in how you access your pension value into retirement, but it has also added a layer of complexity to decision-making.
As a result, people are increasingly looking for advice to help them make their retirement decisions, especially around pension or income drawdown.
Independent financial advisers can help you identify the right course of action to take and the right providers who offer the product you require.
But younger people would benefit from pension advice too, even if they have a workplace pension, which most qualifying people who work full-time in the UK do under auto-enrolment. Advisers can help you decide if you would benefit from supplementing your workplace pension via additional contributions and/or setting up a separate personal pension.
If you are self-employed or do not have a workplace pension, an IFA can advise on how best to plan for your retirement – even if it sometimes seems a long way off.
You can even speak to an IFA about setting up a pension for children long before they start their working life.