By taking pension and retirement advice, the full picture of your pensions and any special inclusions which enhance your retirement can remain protected. For example ‘safeguarded benefits’ like higher income for the rest of your life or a higher amount of tax free cash may have an effect on the options available to you. A pension specialist is well placed to highlight these benefits to you in a clear and concise way.
In addition, by taking retirement planning advice you are protected as a ‘retail client’. Retail clients are considered as the most vulnerable, so having financial advice means that you are protected by the FCA from receiving bad advice which may harm your finances. Find out more about how the FCA protects you, your rights and how to complain on the FCA website.