How a financial adviser can help you
A financial adviser will ask you about your finances, your personal circumstances, your future plans and how you feel about taking risks with your money.
They can help you decide how to use your pension pot to provide you with an income when you retire and help you choose the right options for you, based on your individual needs.
Types of financial advisers
There are two main types of advice that you should consider:
Independent
Independent financial advisers (IFAs) provide unbiased advice about the whole of market products and services from a range of different providers.
Restricted
Restricted advisers can be either restricted in the types of advice they can offer or are limited to the number of providers they can choose products and services from.
When to see a financial adviser
You can speak to a financial adviser at any point in your journey, but we would always recommend you seek financial advice before deciding what to do with your pension.
You might find it beneficial to begin early conversations with an adviser when you're saving, and they can help guide you to ensure you’re on track for the retirement you want.
Alternatively, you might hold off until you're closer to retirement when you need more help with deciding what options are best suited to your needs.
Choosing a financial adviser
Before choosing a financial adviser, it’s important to consider and decide what type of advice you need.
If you decide you’d like to speak to a financial adviser and don’t already have one, you can find one at unbiased.co.uk.
Paying for financial advice
You will have to pay for financial advice but before you go ahead, an adviser must tell you how much the advice will cost and what it covers.
The fees for seeking financial advice can vary, but you should agree the type of advice you want upfront before you commit to taking advice and shop around to get the best deal.
Need more help?
We know there’s a lot to consider when planning for retirement, and it can be tricky to know where to start. To help you understand all your retirement options, we recommend speaking to your adviser or getting guidance.
Find a financial adviser
Find an independent financial adviser in your area to help you in your future pension planning.
Visit www.unbiased.co.uk and enter your postcode.
Pension Wise
Pension Wise is a free and impartial guidance service offered by the Government. They can’t make recommendations or tell you how to invest your money, but will provide information on a range of available pension options.
Visit moneyhelper.org.uk/pensionwise or call 0800 280 8880 to book a phone or face-to-face appointment.
HMRC
Visit hmrc.gov.uk to find out more information on tax rules and legislation which may affect you and your pension plans.
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"Prudential" is a trading name of Prudential Distribution Limited. Prudential Distribution Limited is registered in Scotland. Registered Office at 5 Central Way, Kildean Business Park, Stirling, FK8 1FT. Registered number SC212640. Authorised and regulated by the Financial Conduct Authority. Prudential Distribution Limited is part of the same corporate group as the Prudential Assurance Company Limited. The Prudential Assurance Company Limited and Prudential Distribution Limited are direct/indirect subsidiaries of M&G plc which is a holding company registered in England and Wales with registered number 11444019 and registered office at 10 Fenchurch Avenue, London EC3M 5AG, some of whose subsidiaries are authorised and regulated, as applicable, by the Prudential Regulation Authority and the Financial Conduct Authority. These companies are not affiliated in any manner with Prudential Financial, Inc, a company whose principal place of business is in the United States of America or Prudential plc, an international group incorporated in the United Kingdom.