Your wealth management strategy should always include plans for your retirement. Good pension and retirement planning will allow you to make the most of your later years, which is surely the least that you deserve after working hard for such a huge proportion of your life. An independent wealth management professional will be able to advise you about the different types of pensions and ways to plan for your retirement.
Retirement planning should involve good pension choices and your wealth management advisor should be able to talk you through the different options available. Your retirement planning may include setting up several different UK pensions; you may decide to go with a SIPPS or even invest in a good savings plan to help support your other pensions and the funds contained therein. If you're an expat or are planning to move abroad, your wealth management professional can give you information on Qualifying Recognised Overseas Pension Schemes or QROPS. A QROPS can provide a better alternative to a UK pension for many expats, so ask your wealth management advisor for more details.
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