Date Published: 23/06/2020 12:55
The current crisis has led us all to have concerns about our health and wealth. And for those nearing retirement with defined contribution pensions this may be a particularly worrying time. Jillian Thomas looks at what you need to think about if you have a DC pension.
The current crisis has been a worry for our clients on two main fronts: health and wealth.
When it comes to health, there is the obvious anxiety about the virus itself and then all the knock-on effects of the lockdown, whether that’s cancelled outpatients appointments or treatments, or the effects of isolation on our mental health. As a company we have done our little bit to help on that front, we have collected prescriptions and shopping for our most vulnerable client, and I have even become a bit of an expert dog walker!
On the wealth front, there are numerous concerns. And again, we have been here as much as we can. We have spoken to our clients to reassure and advise; we are on the end of the telephone or via camera and microphone through our computers to talk things through.
The stockmarket turbulence has made it difficult for us all, and none less so than those with personal pensions or defined contribution (DC) pensions who are nearing retirement. The financial volatility really means you have to do some thinking and planning about when to take a DC pension.
But the main thing is not to panic. We are here to help. Here are three simple things to consider:
And do remember we are here for you to talk it over; whether it’s pension or investments or just a good old natter, please do get in touch. We are on the end of the line on 01246 435996.
Future Life Wealth
54 Ravenshorn Way,
Renishaw, Sheffield S21 3WY
+44 (0) 1246 435 996
Monday - Friday 8.30am - 5.00pm
Future Life Wealth Management Ltd is authorised and regulated by the Financial Conduct Authority
The Financial Conduct Authority does not regulate taxation & trust advice
We are entered on the The Financial Conduct Register No 509960 at www.fca.org.uk/register
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Registered in England No. 07036892 Reg. Address: Future House, 54 Ravenshorn Way, Renishaw, Sheffield S21 3WY
The guidance and/or advice contained within the website is subject to the UK regulatory regime and is therefore primarily targeted at customers in the UK.
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