Why a professional financial adviser could help you

Most people would benefit from professional pension advice or are likely to need a pension adviser at least once in their lives.

Of these, a significant proportion would benefit from seeking expert advice on several occasions. It is recommended to have your pension consistently monitored by a professional to ensure is it performing as it should.

So how can you work out what your pension advice needs maybe? And when it’s time to find a Financial Conduct Authority registered, professional adviser?

If you’re facing a big decision on what to do with your pension or as we are experiencing a dip in financial markets currently, advice can be invaluable. Things like buying an annuity, checking the performance of your pension or planning for retirement can be confusing. You will probably have minimal experience or knowledge to go it alone and make these decisions effectively. And though you may seek guidance from friends and family, or online, neither of those can give you as much confidence as unbiased, independent advice from an experienced and qualified professional.

When should I contact a pension adviser?

There are many occasions where professional advice from an Independent adviser can make a big difference. Most people who contact a pension adviser do so when looking for help and guidance on their retirement.

Whatever stage you are at in life, the benefit from expert help and advice could help you greatly in the future. The earlier you start checking your pension, the easier it will be to make changes that will benefit you greatly.

The International Longevity Centre suggests that people who take financial advice accumulate 21% more in pension wealth on average, compared to those that don’t.*


Areas a Professional Pension Adviser Can Help

  • Starting a pension.
  • To check whether your pension fund is secure.
  • Checking the performance and growth of your pension.
  • Consolidating your pension.
  • Taking an income in retirement.
  • Planning for retirement.
  • Planning life after retirement.

How can a pension adviser help me?

A pension is a long-term savings account that is linked to the performance of financial markets. A professional adviser will do much more than just tell you where to put your money. The whole point of taking advice on your pension funds is to make your savings and investments work for you and help you achieve your retirement goals. A good adviser will look at your circumstances, from your current financial situation to your long-term goals, to advise you upon the best action to take.

For example, if you want advice on how to consolidate your pension, your pension adviser will first gather all the information from your existing plans. Then take time to discuss your plans for retirement and analyse the whole of the market to find the most suitable solution for you. Only after this initial process should they start to recommend strategies and products for your pension. They may even tell you that you should leave your pensions where they are as they are already in the best place.

Finally, an independent or whole-of-market pension adviser can find the most suitable products for you, for your particular circumstances from all that is available – something no comparison site can do.

Finding a pension adviser

There are many ways to find a pension adviser. But, always ensure that the people you speak with are FCA regulated, have a good reputation and positive customer reviews. Always check what status they are i.e. independent or restricted advisers. Being independent allows them to work with the whole market to find you the most suitable solution. In contrast, restricted advisers will only be able to recommend products that the company they are tied to offer.

Why Hilltop Finance?

At Hilltop Finance, we are independent pension and retirement planning specialists. Our team of over 25 financial professionals work for your future and are here to provide the very best advice through our secure telephone-based service.

We have worked with thousands of people across the UK to take control of their future. Our clear and transparent approach has empowered people to act with their pension to work towards the future they desire.

If you would like to see how Hilltop Finance can help you, please call 0161 413 7051 or visit our website to find out more about what we do.

The contents of this article are for reference purposes only and do not constitute financial or legal advice. Independent financial or legal advice should be sought in relation to any specific matter. Articles are published by us without any knowledge or notice of the circumstances in which you or anyone else may use or rely on articles or any copy of the information, guidance or documents obtained from articles. We operate and publish articles without undertaking or accepting any duty of care or responsibility for articles or their contents, services or facilities. You undertake to rely on them entirely at your own risk, and without recourse to us. No assurance of the quality of articles is given or undertaken (whether as to the accuracy, completeness, fitness for any purpose, conformance to any description or sample, or otherwise), or as to the timeliness of the publication.

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