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As successive governments keep reminding us, too few people plan properly, if at all, for their retirement; too few people appreciate that an investment now is an investment in their future throughout retirement. So, if you are reading this, you have the edge over that particular group of people and are poised to do some serious planning for the day you can stop working for your living. It is then that you will want to rest easy in the knowledge that the retirement investment advice you were given was the best there was.

In the UK, we are nothing if not spoiled for choice when it comes to ways to invest our funds. This is a fine thing of course, except for the fact that the sheer range of possibilities can make it difficult to choose, especially if the wrong choice is unnecessarily risking our funds. That is why, for investment advice UK, the sensible course is to consult an independent financial adviser before making any commitment to invest.

Everyone knows that the younger you are when you start paying into a pension, the more you’ll receive when it’s time to pay out on your retirement. Nevertheless, there are still many who delay making that start and a frightening number of people who believe that their entitlement to a basic State pension will be enough to see them comfortably through old age. While they might be right about the entitlement to a State pension, they are most unlikely to find that the State pension alone will ensure anything like a comfortable retirement. But if taking care of your own pension arrangements is to be an option, where do you go for the best pension advicee

At the risk of sounding facetious, an independent financial adviser is someone who gives independent advice on financial matters. In fact, stating the rather obvious in this way put an important stress on the three vital components of the independent financial adviser’s role.

Independent

Independent financial advice is needed by anyone wanting to ensure that their hard-won money works its hardest for them. There are good ways and there are not such good ways, there are efficient means and less efficient means of literally getting the best value for money - and independent financial advice will point you in the direction of the best routes and the best financial products available.

When the investment in your personal pension plan reaches maturity when you retire, you will need to transfer its accumulated value into a regular income for the remainder of your retirement. This is achieved through the purchase of a pension annuity - a seemingly simple and straight forward transaction that exchanges the final value of the pension fund into which you have been paying into a regular income.

Whilst the principle of a pension annuity is seemingly very straight forward, however, things are rarely quite as simple as they seem.

A brief scan of the financial pages of the national press might give you some idea of the number of employers these days why are eager to switch their employees from final salary pension schemes into other, personal pension, plans. Many employers are so keen to encourage such a switch that they are offering a lump sum cash inducement for those who elect to transfer their pension rights in this way. Despite such an apparently attractive inducement, however, where can the employee get pension transfer advice that he or she can feel secure in knowing the transfer is in their own best intereste

If you know more or less all there is to know about investing directly in stocks and shares, or in collective forms of investment, or the management of your investments, or the tax implications, or the pros and cons of offshore investing, then you might not need much more in the way of financial investment advice. Unless you happen to be one of those very rare individuals, however, you will almost certainly benefit from the sound and impartial financial investment advice of a professional, independent financial adviser.

Types of Investment

Direct Investment

Everyone would like their money to be working as hard and as profitably for them as possible. The problem is that, with generally low rates of interest, hoarding any spare cash in the relative security of a bank or building society account is not going to achieve a very attractive return. There are other investment opportunities available, of course, but just where should you start to looke The safest and most reliable source is to turn to your independent financial adviser for investment advice.

Before considering whether it is a good idea, it might be helpful to take a quick look at just what is pension drawdown.

Replace that “drawdown” with “withdraw” and it can perhaps be most readily understood as the ability to withdraw money from your pension fund and leave the balance invested, so that (hopefully) it continues to grow. This ability therefore gives the pension holder an additional option on retirement: instead of using the pension for the one-off purchase of a lifetime annuity, funds can be withdrawn or drawn down for the purchase of an annuity at a later date. And the later the date, of course, the more attractive the annuity should be. Tit does mean, however, that you will probably need an alternative source of income in the meantime.