8 April 2017

Mumbles Times April 2017 Article

Mumbles Light House

(This article appeared in the Mumbles Times April 2017)

What is a pension pot?

‘Pension pot’ refers to a type of pension you build up with pension contributions you and/or your employer make. You’ll have one if you have a ‘defined contribution’ pension which includes workplace, personal and stakeholder pension schemes.

If you’re planning to retire in the next couple of years – or to start drawing your pension so you can reduce your working hours – then you’ll be aware that there are some major choices to be made. This is a complex area and there are many factors you will need to think about.  An initial discussion with us will allow you to explore your options and help you make the right decisions based on your personal needs and circumstances.

Shaping your retirement plans to best meet your individual needs and circumstances

Pension freedoms have transformed the pension landscape, giving more choice than ever before in shaping retirement plans to best meet our individual needs and circumstances.

Once you’ve decided to start saving for retirement, you need to choose how to do so. Pensions have a number of important advantages that will make your savings grow more rapidly than might otherwise be the case. Following the biggest reforms to pensions in recent times, whilst the ability to unlock pension pots is attractive you also need to understand the tax implications of doing this and accept the risk of ensuring that the funds built up are managed effectively to ensure that they last for life, however long that may be, and don’t rely on the State Pension to keep you going in retirement. The maximum basic State Pension is £155.65 per week (effective from 6 April 2016).

Investment Portfolio Healthcheck

We are very experienced in managing investments, and have access to specialist technology that allows us to analyse investment portfolios.  This enables us to ensure that they reflect the risk profile of the investor, while also meeting stated investment objectives.  We regularly test existing investments of clients and potential clients to ensure their appropriateness, and offer an Investment Portfolio Healthcheck to anyone that has existing investment portfolios that they would like clarity, or even a second opinion on.

From our experience of analysing many portfolios on behalf of our clients, we have found that they very often carry more risk than that acceptable to the investor, and that things have been largely left to chance since they were set up.  If your portfolio has not been reviewed and changes recommended to take into account the current economic climate, you should consider talking to us – we offer an initial consultation without charge.


Simply contact us at our office on 01792 483860, or email info@portfolio.org.uk, and mention this article in Mumbles Times.