John Kelly was our first accountant and then financial advisor and has been very helpful and pro-active in management of both aspects of our business and personal finanaces.We could thoroughly recommend him to other businesses and private individuals.
Most people dig out their pension documents just a few months before they are about to retire. This is a problem. If your pension has not performed well you probably would not know about it until it is too late to fix it and this could cost you a lot of money.
If you happen to look at your pension documents and wanted to draw on the money just in the middle of a financial crisis you may find you would get back less than you think.
There are many pension companies who have provided guaranteed annuity rates. These have turned out to be very expensive for the insurance companies. They have reduced their own risk by not increasing the value of your pension fund for up to a decade. So whilst they may give you a high guaranteed return on your fund value if your fund value has not grown for a decade and inflation marches on you might be disappointed by the results.
You should review your pension really at least every five years up until your mid 40s and then realistically at least every year after this.
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