Pension Review and Retirement Forecasting

For many people, their second largest asset after their house is their pension fund. However, if you ask many people who their pension fund is with, the answer comes back "errrrr…..? Something Life?" "Which fund is it invested in?" "ummmm….. is it a Managed fund?"

At Ovation, we like to take control of pension funds. We typically look to use a Self Invested Personal Pension (SIPP) to get much greater flexibility of investments and then run pensions on a portfolio basis, with annual reviews and much proactive care and attention.

The first stage is to review existing pensions and decide whether we can improve the size of the potential fund at retirement, which may include a degree of forecasting over possible benefits. A common comment is that people either don't know how much their pensions will provide them with, or don't know how much income they will actually need or want in retirement.

We can provide answers to these questions, taking account of your existing arrangements.

If a Self Invested Personal Pensions is not the right option for you, we can advise on a full range of pension options including:

• Simplified SIPPs that provide a restricted range of investment opportunities
• Personal pensions that a wide range of investments funds
• Stakeholder Pensions that are low cost but with a limited investment choice