Pension planning
Pension planning is fundamentally about retirement planning. Our expert financial advisers can help ensure that your pension will provide you with the income you’ll need in retirement.
Pension planning experts for your retirement goals
When you’re planning your pension, you’re really planning a significant aspect of your retirement. The places you want to go, the hobbies you want to pursue, the lifestyle you want to have – all the exciting plans you have for your retirement are influenced by your pension and the financial decisions you make today. Financially planning for that future – whether it’s still in the distance or right around the corner – can feel overwhelming, but it doesn’t have to.
At Flying Colours, our independent financial advisers are here to help you navigate the complexities of pensions to set a course to a happy, comfortable, and financially secure retirement. Whether you’re considering consolidating old pensions, protecting your retirement income from inflation, or building a tailored asset strategy, we can guide you towards the best financial decisions.
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Understand your pensions
We’ll help you identify what pensions you have and whether they’re still suitable for you and your family.Clarify retirement plans
We’ll work with you to clarify what you want from your retirement and how soon you can make it all happen.Create a retirement plan
Once we understand your retirement goals, we’ll recommend the best course of action. As part of this, we’ll ensure your current pensions are fit for purpose.Take control of your pensions
Most people have several jobs in their lifetime, which can make it hard to keep track of all their individual pension plans. Are you in control of all your pensions?
To add to the problem, the UK government has a habit of tinkering with pensions. Frequent changes to taxes and allowances, along with inflation, can erode their value over time.
Our financial advisers can help you to assess whether your current pensions are right for your retirement objectives and ensure your money is working for you. Most importantly, we can help to ensure that you have a sustainable income in retirement.
What’s the difference between pension planning and retirement planning?
Pensions are a product designed to help fund your retirement. Planning and managing your pensions effectively can have a big impact on your income once you are retired, but ideally it should only be part of your financial plans.
Retirement planning is much broader. It’s about looking ahead to your retirement and the lifestyle you want, the finances you need, and utilising all of your different savings, assets and financial products in a tax-efficient way to fund it. These plans also need to factor in care and accommodation in later life, as well as your financial legacy.
Comprehensive and independent pension planning services
At Flying Colours, we offer a wide range of pension and retirement solutions tailored to your needs.
We can help you to set up, manage or consider whether consolidating existing pension arrangements is right for you. State pensions are also a small but relevant part of retirement planning, and we can help you understand your entitlement, the shortfall between your state pension and desired income, and how this should fit into your overall strategy.
Importantly, we don’t just look at your pensions in isolation. We recognise that they are only one part of the path to financial security during retirement and encourage our clients to explore a more diverse plan for retirement.
Why trust Flying Colours for pension planning?
We’ve built a reputation for reliability and expertise, having helped clients to secure their financial future since 2017. Our team members have decades of experience in pension and retirement planning, and have enabled thousands of clients to fund a happy and financially secure retirement. Our access to the whole market means that you get unrestricted advice, allowing us to shape individualised plans that work perfectly for you.
Don’t take our word for it. Take a look at our Awards and Accreditations.
Why consolidating your pensions could be right for you
Keeping track of multiple pensions isn’t just inconvenient: it could cost you. Every pension plan comes with its own fees, and in some instances outdated investment strategies could limit your returns. Consolidating pensions could help simplify management, reduces costs, and could help you optimise where your pension monies are invested.
Building a clear retirement roadmap
Knowing what you want and need from your retirement is the first step toward achieving it. This is partly about lifestyle and enjoying your wealth in early retirement, but you also need to consider the later phases, too. What income will you need to support you during the quieter middle years of your retirement, or the later years when you may need to consider care and support either in or outside of your home? How do you plan to fund emergencies or household maintenance from your retirement income?
Pension planning is only one aspect of preparing for retirement. A bespoke financial plan from Flying Colours can factor in your pension alongside your savings, assets and other complementary tax-efficient products, to create a retirement pot that’s ready to fund a financially independent and secure future.
Let’s build your financial future
Retirement should be a time to enjoy your life in comfort, not worry about money. With our expert pension advice, you’ll know you’re making the best financial decisions that you can today, to support a stress-free retirement in the future.
Contact Flying Colours today to get started on your tailored pension plan.
Book your free initial chat
Ready to start planning for a brighter financial future? Book now for a free, no-obligation chat with one of our independent financial advisers.
book nowWhy choose us?
Our clients explain why they trust Flying Colours for financial advice, and why they’ve continued to work with us over the years.
