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5 Compelling Reasons to Get a Pensions Review

July 11, 2023

Ensuring your financial security during retirement is crucial, and reviewing your pension arrangements plays a vital role in achieving that goal. At Hentons, we understand the significance of effective pension planning and the benefits of conducting a pensions review. If you ever wondered ‘When can I afford to retire?’, keep reading…

Maximising Performance and Minimising Charges

Over time, pension arrangements can become outdated or subject to excessive charges, hindering their performance. A pensions review with Hentons allows you to assess the effectiveness of your current pension investments. Our experts will analyse your arrangements, identify any underperforming assets, and recommend adjustments to optimise your pension’s growth potential. Additionally, we will review charges associated with your pension scheme, ensuring that your hard-earned money is not eroded unnecessarily.

Adapting to Changing Circumstances

Life is full of changes, and your pension arrangements should adapt accordingly. A pensions review provides an opportunity to reassess your financial goals, lifestyle aspirations, and retirement timeline. Our skilled advisors will help you align your pension strategy with your evolving circumstances, ensuring that your retirement plan remains on track and aligned with your needs.

Mitigating Risk

Pension investments come with inherent risks, and it is crucial to regularly assess and manage them effectively. A pensions review allows us to evaluate your investment portfolio’s risk exposure and make adjustments as needed. Our objective is to ensure a well-balanced approach that takes into account your risk tolerance and long-term financial objectives, reducing the potential impact of market volatility on your retirement savings.

Unravelling Complexity

Pensions can be complex, with various rules, regulations, and tax implications. Understanding these intricacies is crucial to maximising the benefits of your pension arrangements. During a pensions review, our experienced team will demystify the complexities, providing clear explanations tailored to your specific circumstances. This knowledge empowers you to make informed decisions regarding your pension and confidently plan for your retirement.

Seizing Opportunities

The financial landscape is ever-evolving, presenting new opportunities that could enhance your pension strategy. Through a pensions review, our advisors will keep you informed about legislative changes, tax incentives, and emerging investment options. By staying abreast of these developments, we can identify opportunities to optimise your pension arrangements and ensure you make the most of the available benefits.

A pensions review with Hentons offers a multitude of benefits, ensuring that your retirement plan remains robust and aligned with your goals. From optimising performance and minimising charges to adapting to changing circumstances and mitigating risks, our expert team is dedicated to supporting your journey towards a secure financial future. Don’t delay—schedule a pensions review today and take the first step towards a confident and prosperous retirement.

For more information on our pensions review service and how we can assist you, please get in touch with our expert, Jo Clarke, at jo.clarke@hentons.com

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