Retirement planning

It can pay to plan ahead

For many people, there can be something of a mismatch between their current financial plans and their income expectations in retirement. Many of us underestimate the actual cost of funding retirement, and don’t consider things like inflation and increased life expectancy. But there are actually more options than you might think - whatever stage you’re at in your life.

Are you on course for the retirement you want?

The sooner you start making plans the more chance there is of enjoying your retirement years to the full. Our advisers at Nationwide Independent Financial Services Limited are here to help you do just that. Even for those who have pension arrangements in place already, there is a chance they may not provide an adequate income during retirement. For this reason, more and more people are taking the time to review their plans before it’s too late.

Turning your pension fund into real income

If retirement is on the horizon for you, now is the time to make important decisions about how to invest your pension fund. It’s easy to assume that you will arrange an annuity with whoever has managed your pension fund up to now; but sometimes that’s not the best option. The majority of people opt for a standard annuity, but increasing life expectancy and low inflation over the past few years may have caused annuity rates to fall. This means that it's likely you will receive a lower annual income from your annuity than you might have been expecting. Fortunately, there are several other options we can discuss with you, from enhanced annuities and income drawdown schemes to phased retirement options. Independent advice aims to find the right plans to suit your needs, to help make sure you receive the most from your retirement plans.

Investment planning after you’ve retired

Just because you’re already into your retirement years doesn’t mean the time for financial planning is over. Are existing investments aligned to your retirement plans? Do you have money sitting in an account that could be better used for a potentially greater return? Whatever your retirement needs, your investment plans may need to be adapted to meet these. There could be more than 20 years of your retirement to enjoy, so why not try to make the most of the financial opportunities available to you?

Like to know more?

It’s never too late. Get in touch today for your no obligation meeting with Nationwide Independent Financial Services Limited.

If you'd like to talk to Nationwide Independent Financial Services Limited about financial planning, you can either book a meeting with a Nationwide Independent Financial Services professional or call in to your nearest Cheshire Building Society, Derbyshire Building Society or Dunfermline Building Society branch.

Alternatively call us on 08456 021 899.

Lines are open 8am to 7pm, Monday to Friday and 8:30am to 12:30pm on Saturday. Calls are charged at local rate. All calls are recorded and may be monitored for service quality or security purposes to prevent or detect crime.

Nationwide Independent Financial Services Limited is a wholly-owned subsidiary of Nationwide Building Society. Nationwide Independent Financial Services Limited is a company registered in England. Number 2170056. Registered Office: Nationwide Independent Financial Services Limited is authorised and regulated by the Financial Services Authority under registration number 126534. Head Office: Nationwide House, Pipers Way, Swindon, Wiltshire SN38 1NW. Email: enquiries@nationwideifs.co.uk. You can confirm our registration on the FSA's website, www.fsa.gov.uk or by contacting the FSA on 0300 500 5000. Past performance is not a guide to future performance. The value of investments and any income from them can fall as well as rise as a result of market and currency fluctuations and inflation, which could mean that you may not get back the amount originally invested. All calls are recorded and may be monitored for service quality or security purposes to prevent or detect crime.