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Most people across the UK now have a private pension where a small amount of their hard-earned money is invested.

Whether you have been investing for years or have only recently started a workplace pension, there would be nothing worse than when you come to retire to find out that you do not have enough money to enjoy your retirement. This is where pension advice specialists could be of assistance to you.

Why do you need a pension advice specialist?

A private pension advice specialist like our team at Hilltop Finance can help you to plan for your future. We can make sure your money is working hard to deliver the retirement you want. Our team has over 100 years of experience in providing expert private pension advice to help people across the UK make the most of their pension savings.

5 Reasons why you should get Independent pension advice.

Taking professional pension advice from an FCA-regulated adviser is essential to plan for your future. Below are our top five reasons why you should speak with a Hilltop Finance pension advice specialist.

  1. More confidence in your decisions.
    By speaking with an independent pension adviser, you will get a clearer understanding of your pension and what your pension could deliver when you retire. The pension specialist will explain all the technical jargon, help with any questions, and advise you on the best course of action to improve your pension pot. Once your pension review is completed, you should be more confident with your pension and any decisions you make with your adviser.
  2. Make sure you are not missing out.
    Pensions can be complex. With thousands of different products on the market, it can be challenging to understand if you are missing out. For example, suppose you are looking to take money out of your private pension. In that case, a pension advice specialist can ensure you are making the most of your tax breaks and help you to put a plan together so that you do not run out of money early.
  3. Getting you prepared for retirement.
    Although retirement may seem like a distant dream, planning early can make a massive difference to the amount of money you have to enjoy. Getting independent pension advice can help to show how much money your current pension will deliver in retirement and when you could potentially retire.  Also, when you come to retire, an adviser can tell you the best way to take your money, whether that be through Pension Drawdown or buying a Pension Annuity.
  4. Investing in the right funds for you.
    A private pension is fundamentally a long-term savings account. Your money is invested in a range of funds to deliver growth or keep aligned to inflation. When carrying out a review, a private pension specialist will carry out a risk assessment that shows the amount of risk you would be happy to take.
    Thus, you may hear the term risk vs reward. A rule of thumb is the more risk you’re comfortable with, the higher the potential growth of your pension pot, but also the greater risk of losing money. By carrying out a risk assessment, a private pension specialist will be able to ensure you’re investing in suitable funds for you. During the pension assessment service, an independent pension advisor will find out what type of funds you are looking to invest in, i.e. ethical funds, equity funds or fixed-interest funds, to name a few.
    Capital at risk, the value of investments can go down as well as up, so you could get back less than you invest.
  5. Help you to take control of your retirement funds.
    Many people now have an auto-enroll workplace pension through their employer. But, if you change jobs, do not forget to take your pension with you. Workplace pensions are often set up for employer ease with pension providers like Nest and People’s Pension. Although these pension providers are popular, they are not personalised to your needs and objectives. As such, there could be better options for you on the market. In addition, combining your pension with any existing pensions, you may have could allow you to take more control of your pension and retirement planning.

Pension Advice Specialists at Hilltop Finance

With over 100 years of experience in delivering expert, independent pension advice, the advisors at Hilltop Finance are ideal for giving you advice and recommendations that could help you make the right choices for your future.

We have pension specialists in a range of services, including retirement planning, pension consolidation, and pension drawdown. We’re proud of our 5-star Trustpilot rating. Contact our pension advice specialists today on 0161 413 7051 or find out more about pension advice service here.