Frank had three main issues, though:
We looked at Frank’s current pension pot, which included a Small Self Administered Pension Scheme (or Family Pension Fund). This was run by a firm he’d never met, based over a hundred miles away.
Frank had some other pension plans too which had been set up many years ago. The Family Pension Fund was invested in a portfolio, recommended by his existing advisers, who’d just been taken over by a large national organisation.
After reviewing Frank’s financial position, we came to the following conclusions:
As a result, we did the following:
The new financial plan has provided Frank, Judith and Jack with real peace of mind. As well as the significant overall cost saving, they now only have to deal with one set of advisers - and we’re looking forward to giving them more proactive advice for many years to come.