Pension unlocking is unsuitable for most people and circumstances and will reduce your retirement income. It is therefore important that you think about how this will affect you. In order to assist you with this important decision, our Consultants will provide a comprehensive analysis of your financial situation now, and in the future.

We will determine what your pension will provide you in retirement, and how this will be affected by unlocking your benefits now.

We will analyse your overall income in retirement, including any entitlement to State Benefits, compare this with the level of income you will need in retirement and make appropriate recommendations on how to meet any shortfalls.

We will also analyse how your overall income in retirement will be affected as a result of unlocking your pension.

Where appropriate we will analyse the cost of meeting your financial objective via alternative means and compare this with the short and long term costs of unlocking your pension. Where possible we will aim to put you in contact with our sister companies and other organisations that can assist with meeting your financial objectives when pension unlocking is not suitable.

Useful Contacts

There are many organisations offering free help and advice on a wide range of issues, including advice on solving debt problems and legal advice.

For many people these organisations can provide the advice that they need to meet their objectives.

We have provided the contact details of some of these organisations below.

Financial Services Authority (FSA)

The FSA are the UK's financial watchdog set up by the government to regulate financial services and protect your rights by providing information about financial products and services to help make them clearer for you.

• FSA

Citizens Advice

Citizens Advice Bureau offers free, confidential, impartial and independent advice. Your local Citizens Advice Bureau is listed in the phone book.

• www.citizensadvice.org.uk/cabdir.ihtml

Advice UK

Represents about 900 independent advice agencies in the UK providing generic advice. Contact them to find the advice agency nearest to you.

• Phone 020 7407 4070
• www.adviceuk.org.uk

National Debtline

The helpline that provides free confidential and independent advice on how to deal with personal debts.

• Phone 0808 808 4000
• www.nationaldebtline.co.uk

Consumer Credit Counselling Service

A registered charity whose purpose is to assist people who are in financial difficulty by providing free, independent, impartial and realistic advice.

• Phone 0800 138 1111
• www.cccs.co.uk

The Community Legal Service

Aims to ensure that people in England and Wales find the right legal help easily and can be confident of the service they get.

• Phone 0845 345 4345
• www.clsdirect.org.uk

Citizens Advice Scotland

Citizens Advice Bureau Scotland offers free, confidential, impartial and independent advice. Your local CAS is listed in the phone book.

• www.cas.org.uk

Money Advice Scotland

Promoting high-quality, free, confidential, independent and impartial money (debt) advice.

• Phone 0141 572 0237
• www.moneyadvicescotland.org.uk

Directgov

Directgov brings together the widest range of public service information and services online.

Produced by the Central Office of Information, Directgov provides information from across UK government departments.

• www.direct.gov.uk/en/index.htm

 

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