John Kelly is a very personable IFA who is always willing to help and has the clients best intentions at heart. He is happy to explain advice given and is very quick in responding. When giving advice all options are considered in a very detailed manner. I would definitely recommend using.
It is comforting to know that retirement planning UK is highly regulated which offers some comfort to the many people who are looking for this type of advice. There are many free guides that will point you in the right direction and many of these guides point out the fact that young people should really start making provisions for their retirement as soon as possible. The problem is that it is the last thing on their minds but when it is shown how much difference the final value of their pension will be for each year earlier that they start saving it can often result in raised eyebrows.
There are lots of factors to take into consideration when retirement planning UK such as what income is expected at the time of retirement and what kind of pension provisions are provided by the individuals employer. It used to be the case that a final salary pension was the norm but now, unfortunately, these types of pension are few and far between.
Any retirement planning should really be discussed with a financial adviser who specialises in pensions. There is usually an option to pay to see one of these advisers by appointment or on a commission basis. When you see that the commission is usually paid by the pension company rather than the individual, you can see why this is often the most common course of direction, although you should be aware that you are paying for the commission, so it is not free.
If the individual is well versed about investments they could consider a SIPP which is a self invested personal pension. With a SIPP all of the investment decisions are made by the holder of the SIPP and there are a wide range of investments that can be included.
This route should only be take if the person is confident in their investment abilities and if not a financial advisor should always be used. For retirement planning UK, a qualified financial advisor will be able to source pension arrangements that are not available to the general public and advise on which is the best personal pension available when all factors are taken into consideration.
There are other alternatives for retirement planning UK such as savings and property.
To sum up, you have to be happy with your investment decisions but it is recommended that a financial adviser is consulted at some point, the information gleaned from these people is invaluable.
