Andrew Stuart


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Pensions, everyone worries about their pension

Wanting to save for Retirement and think a Pension is the only way?

Need advice after a divorce on Pension / Investment Sharing?
Our Financial advice Service can guide you through it all.

Whatever your age, doing something to save for retirement is better than doing nothing. If you already have a pension plan, is it performing how it should? Could it do better? Please get in touch for Honest Effective Life Planning.

Following the recent budget announcements, the scope for pension planning has increased drastically and finding the most appropriate way for you to save for your retirement has become even more confusing. Having a properly;y thought out plan, using the current legislation and rules could make all the difference to you and your family in retirement.

Saving for your retirement is an expensive business. Some insurers state that the level of funding for retirement by many people is very inadequate, possibly resulting in a significant drop in their standard of living when they retire. The government have calculated that the cost of funding the state and private pension scheme will cost a staggering £7.1 trillion. This level is not sustainable meaning more people will have to become reliant on their own personal pension.

Generally people think that because the level of funding they might get from a pension is so small, they don’t bother with one at all and see a pension as a waste of money!

Unfortunately, many of these people haven’t had the right guidance and pension advice to prevent an under performing pension fund and so many people leave it until the last minute when it may be too late to maximise their pension fund.

When you consider that people are living longer these days, you could spend around one third of your life in retirement, so it’s extremely important to have an effective retirement plan in place.


Following the Pension Changes being brought in after April 2015, the possibilities which are available has made using a pension as saving for retirement even more attractive

New Pension Options after 2015

Pension Divorce

If you are in the unfortunate position where as part of a divorce settlement you are required to transfer pension assets into a new pension or investment vehicle, this can add unwanted stress and complexity which you simply cannot undertake.

We are specialists in helping people with the delicate area of divorce and all the emotions that go along with it. Our Pension sharing service will look after your affairs in a confidential and empathetic way to ensure that what is already a difficult time isn't made any harder.

If you require some advice, please get in touch

Which route is best for you?

There are effectively 2 main routes of taking your pension. Either by taking an Annuity or by going into Drawdown.


Buying an annuity basically buys you an income for life. In exchange for your pension pot, you will get given an income which once started is set in stone. You cannot change it. This is good for people who do not wish to take on any risk whilst in retirement and like more certainty.

For a quick annuity quote, please click here: Annuity Quotes 


Income drawdown allows you to choose the income level you wish to withdraw from your pension ranging from no income at all up to a capped maximum income. You choose where your fund is invested and should review and monitor the situation regularly. Anyone age 55 or above is eligible for income drawdown, but it is a high risk option so is not suitable for everyone. This is often used for larger pension pots but can be useful for people with small pension plans as well.

Many people have poor performing pensions simply because they don’t like the idea of change. If something is performing poorly, dont settle for it and hope that something will happen.

Why is my pension fund under performing?

There are many reasons why the fund within your pension is not growing as it should be. The most common reason is that people do not receive sound pension advice or undertake regular reviews with an independent financial adviser.

If you haven’t reviewed your pension in a long time, you need to ask yourself:

  • Are you paying high plan and provider charges?
  • Are you saving enough money into your pension compared with how long you have left until you retire?
  • Do you know how much you require in retirement to live comfortably?
  • What is the asset mix of your pension fund and does this match your current attitude to investment risk & volatility?
  • Is your pension fund managed by the original fund manager or has the fund manager changed since the plan inception?
  • Is the type of pension you have suitable for your needs and circumstances?
  • Has a change in pension legislation affected your pension?
  • How can our pension advice help to maximise your pension?

The first part of the pension advice process is to identify your retirement goals and get a picture of your ideal lifestyle in retirement. We will then calculate how much income you need to achieve that lifestyle. We will however be realistic with you and not create false hopes. We will be honest with you at all times.

We will carry out a full audit of your existing pensions with the aim of answering as many of the above questions as possible. This will enable us to get a picture of where you are now and how we can help to improve your pension fund if necessary.

After creating a retirement plan for you, we highly recommend that you review your plan with us on a regular basis, at least once a year. At a review, we will make sure you are on the right track to achieve your goals and what adjustments if any you need to make to your pension plans.

For impartial guidance supplied by the Governments Money Advice Service to help people thinking about retirement, you can visit their website at . Please note that they will not give advice, only tell you about the possible options. If you wish to do anything you will need to speak to your Pension Provider or a Financial Adviser such as ourselves.

Call us now for an intial retirement solutions consultation without charge.

Disclaimer*- The value of your investments can go down as well as up and you get back less than you originally invested

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01433 651438

“We have been clients of Andrew Stuart and Company for a good many years and have always found them to be professional, helpful and good communicators. They have always kept their finger on the financial pulse. We have no reservations in recommending this Company.”

Mr & Mrs B Edwards

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Andrew Stuart & Co is an independent marketing website which acts as an introducer to various companies who offer specialist Financial Advice. Each company is authorised and regulated by the Financial Conduct Authority. are not authorised to give advice and we are not liable for any financial advice provided by, or obtained through a third party. The information published on this website is for information purposes only.