Pensions & Retirement Planning
You’re Making The Right Choice…
By contacting us about your pension, you’ve taken the first steps to a brighter retirement. The last thing you need when getting to your retirement age, is to realise that your pension will not provide the income your require, this could be due to poor investments which has left you with not enough funds in your pension pot. Expert advice to clients, helps people take control of their pensions and secure a more comfortable retirement. We may be different from a normal pension advisers, as we are always working for you. Delivering jargon-free professional advice that’s affordable, at a time that suits you.
What’s Included…
Our Review Service typically Looks:
Gathering all relevant pension information. Arranging ‘getting to know you’ meeting with a Financial Adviser. Here we will make an Assessment of your needs and objectives. This allows us to produce an Initial Advice Report. Next step we will then arrange a meeting to discuss our Initial Advice Presentation with your qualified Financial Adviser. The presentation will include a Pension scheme and policy analysis. If happy to move to the next stage, an Advice and recommendation report will be produced. A Full Advice presentation meeting with a qualified Financial Adviser will discuss the findings and any recommendations. Finally with your agreement the Advice given, will be implemented.
The Defined Benefit Review Service...
Our Defined Benefit (DB) Review Service will assess the suitability of your Defined Benefit (also known as Final Salary) pension and whether it is in your best interests to potentially transfer it.
“Ashley always makes often complex changes around pensions simple – providing honest advice in layman’s terms. Leaving you safe in the knowledge that he’s found the right product, specific to your personal circumstances”
– Mr Cafferkey
Here’s how we work
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Initial engagement
At the start of the process we take the time to explain everything to you, as well as issuing our Terms of Business, which includes an overview of our charges. We also ask you to sign and return a Letter of Authority for your pensions.
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Information gathering
When we receive your signed Letter of Authority, we will contact your pension providers to gather any relevant scheme details.
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Fact Find meeting
You will be asked to watch our ‘triage’ video and review a series of case studies. This provides even more insight to help you decide whether you wish to continue with the advice process. If you agree to proceed, your dedicated Financial Adviser will carry out a detailed ‘Fact Find’ meeting via telephone to gather as much information as possible about your financial life and talk in detail about your objectives.
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Initial Advice
This abridged advice, is a shortened form of regulated advice which will determine whether a transfer out of your Defined Benefit scheme is unsuitable or unclear. This will be presented to you as an Initial Advice report.
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Full Advice
If the outcome of the Initial Advice is unclear, you are able to choose to proceed through to Full Advice. This will involve a full comprehensive analysis of your pension scheme, in order to deliver a personal recommendation. A full report will be issued to you and an advice meeting will be held with your dedicated Financial Adviser.
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Transfer
Should a transfer be deemed suitable and you wish to proceed, we will issue you the required documents and facilitate the transfer.
Advice Fee – Payment Options
You’re able to choose how to pay our Full Advice Fee:
– Paid out of your pension pot. This option will only be available if a transfer proceeds and is made into a pension product that facilitates adviser charging. This is the most tax-efficient way for our fees to be paid.
– Cheque or bank transfer. This option is available if the advice is to retain the scheme in place, or to transfer and the payment must be made in full.
Our commitment to you
To be open and transparent…
Working in an open and transparent manner and helps keep you informed on the progress of your assessment every step of the way.
To never handle your money…
Don’t handle anyone’s pension funds. Any transfers are carried out between pension providers. This gives you and your pension funds greater security.
Proud and independent…
An Independent, impartial advisory firm, we are not tied to any pension provider. Our independence allows us to work with the whole of the market to find the best performing and most suitable pension for you. We recommend pensions from the most reputable UK providers, therefore giving you added security and peace of mind.
Our guarantee
The pension advice we deliver will always be in your best financial interests.
Why should you use Thomas Whiting Ltd?
Giving you advice on your pensions can help with planning your retirement. We are a very open and transparent in business. All the information regarding your pension will be presented to you. This allows you to make informed decisions regarding your future.
The advice we give will always be in your best financial interest.
“Contacted Ashley as I’d been recommended to speak to him via a friend from work. It was time to consider my options with my pension pots. Nearing retirement, it was unclear what my options were. Ashley was able to show me all the options available to me and make things very clear on the workings of each.
Explained everything very clearly and gave me a clear understanding of what retirement will look like in monetary terms. I’ve recommended Ashley to others friends since.”
– Pamela
How we are different
Firstly, the easiest way to contact is by telephone or email. The systems used are very much internet-based, this means that we keep our running costs low and pass those savings over to you.
Secondly it allows us to speak to you from the comfort of your own home, there is no need to book in an appointment. However we are not limited to this advice channel. Feel free to visit our offices to meet your Adviser.
Our specialist Advisers have over 100 years combined financial experience. They are fully qualified to deliver trusted advice on pensions.
Why should you get expert pension advice?
Pensions can be confusing, full of complex jargon, a range of investments and service fees that can impact on how your pension grows.
Our pension experts and use experience and knowledge, we will breakdown the complex barriers and explain your pension to you in plain English. This enables you to make informed decisions regarding your future.
Our mission is to help bring sound financial advice to people from all walks of life.
When will your retirement be?
The earliest you can usually take your pension is at 55 years old, but it’s up to you when and how you want to take it. You may take a tax-free lump sum and continue to work, leaving your pension where it is. You may however look for a more secure fund to protect the funds you’ve built up.
Retirement on the horizon
Retirement may be on the horizon, but if you have five years left to your target retirement age, do you know how much you will receive in retirement or even if your current pension will allow you to do the things you need?
It’s never too late to get your pension assessed to see how your pension is performing and whether it will allow you the access you require.
As you move closer to retirement, often if is advised that you look for pensions that are more secure and less susceptible to financial loss, as you will no longer have the years available to build up that pension again.
We will carry out a full attitude to financial risk assessment as part of our service, this helps to ensure your investments are aligned to your appetite for risk.
The Pension HealthCheck Service
A free Pension HealthCheck from our specialist Pension advice arm provides insight into past performance of your pension, compare the pension market, thereby allowing you to better plan for the future.
We are fully authorised and regulated by the Financial Conduct Authority, therefore any advice we give, has to be in your best financial interest.
A HealthCheck Includes:
Our Pension HealthCheck Service can advise on:
– Annuity
– Pension Consolidation
– Drawdown
– Retirement planning
– Performance
– Management Charges
Don’t Delay!
The earlier a Healthcheck is undertaken of your current pension(s), the sooner we can check you’re in the right pension for you. If not, we can implement any recommendations we make, which will help get you back on track.
Our recommendations may include moving your pension to a fund with lower ongoing charges, allowing your pension to grow at an accelerated rate.
It may also include re-balancing risk, lowering the likelihood of your pension being damaged by a higher risk investment. By putting a retirement plan in place it will help provide you with the peace of mind you will be in the best possible place when you reach retirement.