In the world of quick scams and hacks, you are right to be cautious with your finances. Pensions, indeed, anything financial, are complicated. They are the realm of the real “grown-up”, and it is fine to feel like you need guidance. However, how do you know that you are getting the right advice? What if you are being helped by someone who has their sights on your money? You hear so many stories nowadays of people who have lost everything to one rogue phone call or a misplaced click of the mouse.
It is always best to seek independent financial advice. Even when you have approached a recognised brand, they will only sell you the products that they have available. Though the company will likely be trusted, they still might not offer you the best product for your future.
If you do want to seek independent financial advice, you should be sure that the advisor you use is overseen by the Financial Conduct Authority (FCA). They hold a register of advisors that they regulate and approve.
You could also visit www.unbiased.co.uk or seek guidance from the Pension Advisory Service/ Money Advice Service. The articles and contacts on these sites offer approved and independent advice.
The best approach to finding your financial advisor is to seek referrals from friends and family. If someone you trust has had an excellent experience, then you can be more secure of your ground.
The content in this article was correct on 10th February 2020. You should not rely on this article to make important financial decisions. Teachers Financial Planning offers advice on pensions for teachers and non-teachers. Please use the contact form below to arrange an informal chat with an advisor and see how we can help you.