Pension Advice

Pension plans are an extremely tax-efficient way of investing for your future, and the investment returns within the pension can be considerable too.

New pension plans provide clients have a wide range of investment options. Some pension providers give access to choose from over 7,000 different funds. The range of choices can seem daunting, especially when your money is on the line.

It is crucial with any investments; pensions included that the underlying investments fall in-line with your specific attitude towards risk. Be aware that investments can go down in value as well as up.

At Lifetime IFA, we pride ourselves on providing a bespoke service for all our clients. We strongly believe that our investment proposition provides excellent diversification, low costs and superior performance (relative to suitable benchmarks)

As Independent Financial Advisers, we have access to a wide range of providers that we are confident in recommending such as:

  • • Royal London
  • • Aviva
  • • Elevate
  • • Quilters
  • • AJ Bell
  • • Curtis Banks
  • • True Potential
  • • Parmenion

Many of our clients have had high investment returns after switching to providers with lower costs and using our investment advice. 

In particular, clients that have had frozen pensions with Phoenix life, Phoenix wealth, Abbey Life and ReAssure have benefitted substantially from lower costs and better performance. The pension providers mentioned immediately above are not synonymous with competitive fees and generally provide below-average returns.

Pension plans will usually make up the core element of income in retirement and are hugely important when it comes to retirement planning.

Employers now are required to provide pension plans and make contributions for qualifying employees. More information on that is available on our workplace pensions page.

If you would like specific pension or retirement advice feel free to call or arrange an appointment.


For a free initial consultation, without obligation, please complete the form below or call 01803 526 171

Self-Invested Personal Pensions (SIPPs)

One of the main reasons SIPPs are popular is the control and flexibility they provide. Your SIPP will be unique to you, based on what you want to invest in and not limited to a few funds.

A Self Invested Personal Pension allows the plan holder much more freedom than a personal pension or a stakeholder pension. It also requires active management and investment expertise and charges may be higher than for a personal pension or stakeholder plan. The plan holder can appoint a stockbroker, fund manager or have control over the investment strategy themselves.

Your SIPP could borrow money based on the value of the fund for investments that will benefit the scheme (for example, commercial properties). It can borrow, at any time, up to 50% of the pension's assets.

Retirement Planning

Planning for retirement is extremely important especially as people are living longer and are active for longer. To enjoy your retirement, having a suitable income to support your standard of living is essential. With annuity rates being low it is important to manage your pension fund and have regular pension forecasts so we can determine the level of your contributions needed and where to invest them to get your desired income in retirement.

Purchasing an annuity isn't the only option in retirement as many people are looking at income drawdown as an alternative to purchasing an annuity.

Annuity Advice

Purchasing an annuity is the most common way of turning all your pension savings, which you've built up over the years, into an income that will last you the rest of your life. An annuity is a contract guaranteeing you an annual payment each year until you die. You can't change your mind once it's done, so it is vitally important that you get advice and get the most from your pension possible.

Arranging an annuity is a complicated process, so it's important to seek professional and independent advice. It's vital that we research the whole market for you to get the best annuity rate, so we make the most of what you have saved up until your retirement.