Pensions and Retirement

There is currently a huge choice of pension alternatives which can cause confusion for clients:

• Personal Pension Plans (PPPs), including Group PPPs
• Stakeholder Pension Plans
• Contracting Out Pension Plans (APPs)
• Final Salary Pension Plans
• Money Purchase Pension Plans
• Executive Pension Plans (EPPs)
• Small Self Administered Schemes (SSAS)
• Self Invested Personal Pension (SIPPS)
• Personal Accounts (due 2012)
• State Pension Forecasting
• Employee and Employer Pension Strategies

But there is now greater flexibility so the scenario of losing all your pension to the insurance company if you die soon after retirement can be avoided.

• Advice on how to utilise your pension tax free cash (commencement lump sum) 
• Annuities
• Impaired Annuities
• Drawdown Contracts
• Flexible or Phased Retirement