Pension Advice Ian and Farley

Pension Advice

We help clients wanting to understand their pension choices, including when to retire and whether to consolidate pension pots.

We search out the pension companies which suit you best - giving you the best options to choose the lifestyle you want in the future.

Ian is a fully qualified member of the Personal Finance Society, since 1994. He has built his expertise with numerous qualifications and professional development each year.

Click here to see his PFS directory listing.

We are pleased to be listed on the Retirement Adviser Directory, run by the Money Advice Service.

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Pension Advice Chestnut Leaf

What Does Good Pension Advice Look Like?

The decisions you make whilst planning and approaching your retirement will be some of the most significant in your lifetime.

  • Should you take tax-free cash? Do you need a secure income for life? Can you access your pension when you need to?
  • Do you understand the various pension schemes that you may currently have?
  • Are you concerned that you might not have enough money to enjoy a comfortable retirement?

We’ll answer your questions and explain all the options available to you.

It might be the best advice to consolidate pensions if you have several of them, but we can't advise that until we know what you have - how well invested they are, how long before you are due to retire, what charges are taken, and whether the investment funds themselves are right for you.

We help our clients by giving clear, straightforward advice on how they can achieve their life/retirement goals.

Should I Consolidate My Pensions?

It might be the best advice to consolidate pensions if you have several of them, but we can't advise that until we know what you have - how well invested they are, how long before you are due to retire, what charges are taken, and whether the investment funds themselves are right for you.

With many people changing their employer’s multiple times throughout their working life, most have accumulated different pension plans and may not have had the time or inclination to review and consolidate them each time.

We have written a special note to dive more deeply into the advantages, disadvantages and things to consider (click on the article link below).

What Might My Retirement Look Like?

We firmly believe in starting with the end in mind, as by focussing on what retirement looks like, we can look to establish what this would cost and from this can work back to make a suitable recommendation. Importantly we can arrange to meet regularly as part of our ongoing review process to ensure that any plans arranged remain appropriate.

There are a wide variety of retirement plans available. Our role is to advise on which is most appropriate and this may involve setting up a new plan, providing advice on existing plans or indeed a combination of both. Depending on the type of pension scheme, you may be able to take tax-free cash sums, a variable income through flexi-access drawdown, a guaranteed income under an annuity or a combination of these options. This means being faced with the choice of deciding how much money to take each year and setting an appropriate investment strategy. So, it’s vital that you don’t take a lot out too early if you want your pension pot to last throughout the whole of your retirement years.

There are many things to consider when you approach retirement: You will need to review your finances to ensure your future income will allow you to enjoy the lifestyle you want; You will also be faced with a number of different options available for accessing your pension. It’s essential that when being faced with such important decisions that you obtain professional advice and guidance.

Time For a Pension Review?

The old "cliff edge" approach of retirement and buying an annuity isn't realistic anymore, as we work longer and live longer. We need more options, staying invested, using different solutions to build a really good plan.

Imagine dividing retirement planning into three phases: a larder, a fridge and a freezer.

  • The larder represents the first couple of years of retirement. That bit of the portfolio should be in cash and very liquid assets.
  • The fridge is the part of the portfolio you will need after about two years, when the larder is bare. The fridge part should be in reliable, income-bearing assets that can be called on when needed.
  • The freezer is a pot of assets that you can just leave alone for years, but call on when the fridge is empty.

All three need to be carefully checked, regularly, to make sure they are sufficient for your needs throughout your life.

Please contact us to review your situation and consider the ways we can help you make the most of your retirement income and enjoy a happy financial future.

Pension Advice Chestnut Leaf

What Does A Good Financial Adviser Do?

We understand just how crucial good financial planning and pensions advice is to ensure that you enjoy the retirement you've dreamed of leading - which is about more than money alone. We are committed to making sure that your pension and investments work as hard for you as you have to accumulate them. No matter what your circumstances may be, we can provide you with financial advice that will help you get the very most out of your retirement planning over a long-term period.

We can review all of your current retirement provisions, including pensions and investments, before creating a detailed financial plan reflecting your personal goals and means. Reviews cover suitability, performance, charges and options.

Rigorous Independent Hard Work

As a truly independent advisory firm, we can access the whole of the market and find bespoke solutions that will meet your needs specifically.

We can look at whether it is in your best interests to put old pensions into either a modern flexible pension plan, leave them where they are, or move them to an existing plan.

We look at all pension companies, and their funds, to see what charges, performance, and investment risk, is being taken.

That's a very rigorous research tool, probably the best on the market, covering the whole of the market.

Being independent means a lot to us. Impartial advice trusted expertise.

Ian Francis is a fully qualified member of the Society of Later Life Advisers, having demonstrated his professionalism in giving advice for those clients looking to the future and undertaking professional qualifications, as an independent financial adviser.

Click here to see his SOLLA directory listing.

Ian is also a fully qualified member of the Society of Later Life Advisers retirement advice standard. He has built his expertise with numerous qualifications and professional development each year.

Click here to see his SOLLA directory listing.

You can click here to see that Ian Francis is an approved person by the Financial Conduct Authority.

Click for the FCA register.

You can click here to see that Chestnut Financial Services is authorised and regulated by the Financial Conduct Authority.

Click for the FCA register.

Investment Advice Lady With Dog on Beach

We Answer Your Questions

No matter how seemingly silly or difficult, our aim is to answer your questions and give you confidence about our professional work.

Investing now is all about getting the best life for the future.

Want to read more?

How We Do Our Investment Research

Coronavirus and Pension Planning

Should I Consolidate My Pensions?

Keeping the Pension Engine Purring

We’re on Unbiased

Unbiased is a database of top-rated professional independent financial advisers, mortgage brokers and accountants. Many parts of the government, such as the Money Advice Service as well as various consumer bodies, such as Which?, and leading investment and insurance companies, refer clients and readers to the Unbiased website, for regulated advice.

We’re on VouchedFor

VouchedFor is the UK’s leading independent review site for financial advisers, mortgage advisers, solicitors and accountants. Clicking on the VouchedFor badge will take you to our VouchedFor page where you can see my rating and read reviews left by my clients.

The Times VouchedFor’s 2021 Top Rated Financial Adviser Guide

I am humbled and honoured to be recognised by our clients. I am so grateful for the work I do every day and thank you to all who have supported me throughout this incredible journey so far. Our 5-star rating is something we are committed to retaining through high-quality advice and service to all our clients.

Please Get In Touch

Call Us:

01522 788887

Email Us:

ian@chestnutfs.co.uk

Main office address:

10 Newark Road,

Bassingham,

Lincoln, LN5 9HA

The guidance and/or advice contained within this website is subject to the UK regulatory regime and is therefore targeted at consumers based in the UK.

Chestnut Financial Services Limited. Registered in England no 9918363. Registered office: Commerce House, Carlton Boulevard, Lincoln, LN2 4WJ

Authorised and regulated by the Financial Conduct Authority No. 840940