Pensions - Articles - Tool launched to help people make the most of their pension

 Called the ‘Discover Your Retirement Options’ tool, following the completion of a five minute questionnaire, a free retirement options report is produced which has been designed to prompt a conversation with a financial adviser.

 Andrew Tully, pensions technical director at Retirement Advantage, said: ‘When push comes to shove, people thinking about their retirement options place equal value on certainty and flexibility. They want to know the bills will get paid and ideally would like their nest egg to be available to pay for life’s little extras and emergencies.

 Unfortunately, this is where things can get complicated very quickly, as trying to balance the need for access and income can be tricky.

 ‘We hope the launch of this tool will help equip people to deal with these complex decisions with the aid of financial advice.’

 Research1 from Retirement Advantage continues to evidence, post pension freedoms, people value both certainty and flexibility in equal measure, although when pressed, certainty is ranked as the top priority for over 50s when thinking about income in retirement (43%), followed by flexibility (34%).

 To try out the Discover Your Options tool, please follow the link here

 
 Research was conducted by YouGov Plc. Quantitative fieldwork conducted between 24/03/2016 and 30/03/2016, surveying 1000 UK adults aged 50+ who have a DC pension and who are not in retirement.