As you are going through the transfer advice process you will need to start to think about how you will invest your pension fund after the transfer.
The two options are:
Tideway’s pensions advisers will be happy to discuss the pros and cons of both options but here are some useful pointers and links:
You will need to:
Doing it yourself will save you advice costs each year, but don’t underestimate the time you will need to put in to do it well and it can be stressful if things start to go wrong.
Most of the good execution only sites have decision trees and model portfolios for you to copy and follow, but it’s very important you think for yourself and consider your objectives and have a clear plan before making investments.
Having your investments managed should be a value added process not just an extra cost burden and will be the right choice for most people who don’t have the inclination to dedicate the time, or the expertise to do it themselves.
To ensure that it is value added and not just a cost drag you should be looking for:
Tideway Wealth offers a comprehensive ongoing wealth management service specifically designed for those approaching and at retirement who need to generate reliable income from irreplaceable capital.
Follow the link below to find out more about Tideway's Wealth Management service.