Brits urged to seek pensions advice

Sitemap

Home

Quick Enquiry

Todays Top Ten

Pension Information

• A-Day Pensions
• Pension REITs
• Inheritance Tax and Trusts
• Making a Will
• Wrap Accounts
• Pension Credit
• Care in old age
• Passing money on
• Pension Planning
• Glossary
• Pension News

Pension Planning

• Stakeholder Pensions
• Personal Pensions
• Self Invested Personal Pension
• Occupational Pensions
• State Pension and Contracting Out
• Executive Pension Plans
• AVCs
• Transferring Pensions
• Other Investments
• Tax on Pension Contributions
• Divorce and Pension Sharing
• Employers Responsibilities

Annuities

• Types of Annuities
• Alternatively Secured Pension
• Unsecured Pension - Income Drawdown
• Trivial Pension

At Retirement

• Endowment Maturity
• Divorce and Pension Sharing
• Retiring Overseas

In Retirement

• Equity Release
• Long Term Care Cover

Site Information

• Advertising
• Sponsor Webpages

Site Information

• Advertising
• Sponsor Webpages

Financial Services > Pensions > News

Brits urged to seek pensions advice

Wed, 20 Dec 2006

UK residents have been advised to seek expert help when planning their pensions.

Malcolm Mitchell, joint managing director of Plan Invest, claimed that British citizens are "definitely" not spending enough time planning their pensions for reaching retirement.

"Some are and some aren’t but an awful lot are not taking advice and are not reviewing what they have already got," he remarked.

Mr Mitchell added that Britons should analyse their current pension provision, before consulting an independent financial advisor and then making decisions based on this information.

Additionally, the expert warned that those looking for self-invested pension plans should spend more time than most researching their finances.

These pension strategies require "a little bit more care and attention" and should be reviewed once or twice a year, he stated.

However, self-invested pension plans may only be a good option for those with a lager amount of money to add to their savings pot, added the analyst.

Consumer advice group Defaqto recently called upon the pensions industry to simplify its terminology, in a bid to make pensions more accessible to consumers.

Related pensions articles

FSA looks to improve pensions advice - Tue, 09 Dec 2008

Pensions mis-selling could be rife - Mon, 08 Dec 2008

Pension gap in UK huge - Fri, 05 Dec 2008

Warning over pension plans - Tue, 02 Dec 2008

New Pensions Act given royal assent - Fri, 28 Nov 2008

People must save for pensions, expert claims - Thu, 27 Nov 2008

Pensions freeze will hit savers - Wed, 26 Nov 2008

Norwich Union expands pension offerings - Tue, 25 Nov 2008

UK should adopt overseas pension ideas, survey suggests - Tue, 18 Nov 2008

Credit crunch causes pension crash - Mon, 17 Nov 2008

More news...

Recommended links

All you need to know about pensions
Planning for your pension
How Money Is Invested
Pension enquiry form
Compare pension providers
Online retirement planner to offer pension advice
The Pensions Regulator gives advice on lumps sum payments

Link to this page

Copy and Paste the following HTML into your page.<a href="http://www.pensions.co.uk/News/2006/Dec/brits-urged-to-seek-pensions-advice.html" title="Brits urged to seek pensions advice">Brits urged to seek pensions advice</a>

Pensions Newsletter

Please enter your email below and subscribe to our monthly newsletter

Save on Your Mortgage

Would you like to save money on your mortgage? Fill out our quick mortgage enquiry form.

Protect Your Health

Find Critical illness, Life and Private Medical Insurance PMI policies.