[1] Retirement Planning and Pensions | [2] The Real Cost of Retirement. | [3] Making the most of your Pension at Retirement.
Sometimes when you do things every day it is easy to become blasé about them. For example work that you or I might do most days of the week.
In my case that is often meeting people who have been saving with a pension scheme throughout their working life and who assume they should ‘draw’ their pension from the same pension scheme.
This is not always in your best interests. By exercising your contractual rights and asking for an ‘Open Market Option’ (OMO) you might be able to receive a larger pension, in some cases up to 50% bigger than your pension provider is offering. On approaching or at retirement, virtually everybody should make sure that they get the pension that is right for them and not right for the pension company.
For many of us retirement is the single biggest investment decision of our lives. Once we use our pension fund to buy a retirement annuity (effectively drawing our pension) there is no going back, it is a once in a lifetime decision that can’t be changed.
At ARK we are working hard to break the fixation with buying lifetime annuities at the point of retirement – we believe that for some it is not the best option and is outdated and outmoded in the 21st century. New, flexible options for retirement investment and unsecured pensions are available that are not just for the affluent.
It is vital that you seek appropriate investment advice to make the right choice, and make the most of your retirement income. For a clear brief summary of your Open Market Option you can seek pensions advice from ARK independent financial planning with confidence.
[1] Retirement Planning and Pensions | [2] The Real Cost of Retirement. | [3] Making the most of your Pension at Retirement. | Contact ARK Financial Planning
[1] Retirement Planning and Pensions | [2] The Real Cost of Retirement. | [3] Making the most of your Pension at Retirement.
Sometimes when you do things every day it is easy to become blasé about them. For example work that you or I might do most days of the week.
In my case that is often meeting people who have been saving with a pension scheme throughout their working life and who assume they should ‘draw’ their pension from the same pension scheme.
This is not always in your best interests. By exercising your contractual rights and asking for an ‘Open Market Option’ (OMO) you might be able to receive a larger pension, in some cases up to 50% bigger than your pension provider is offering. On approaching or at retirement, virtually everybody should make sure that they get the pension that is right for them and not right for the pension company.
For many of us retirement is the single biggest investment decision of our lives. Once we use our pension fund to buy a retirement annuity (effectively drawing our pension) there is no going back, it is a once in a lifetime decision that can’t be changed.
At ARK we are working hard to break the fixation with buying lifetime annuities at the point of retirement – we believe that for some it is not the best option and is outdated and outmoded in the 21st century. New, flexible options for retirement investment and unsecured pensions are available that are not just for the affluent.
It is vital that you seek appropriate investment advice to make the right choice, and make the most of your retirement income. For a clear brief summary of your Open Market Option you can seek pensions advice from ARK independent financial planning with confidence.
[1] Retirement Planning and Pensions | [2] The Real Cost of Retirement. | [3] Making the most of your Pension at Retirement. | Contact ARK Financial Planning