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Financial planning

Pension advice

Financial planning

Pension advice

What is pension advice?

Financial advisers offer specialised knowledge in retirement planning, to help you navigate pension complexities.

They'll analyse your current pension pots, and you'll get recommendations on how to optimise your contributions and investments to make sure your retirement income goals are on track. If you're planning to retire soon, you can also get personal advice on how best to access your pension and start taking an income.

Book a call to get started

Benefits of getting pension advice

Taking pension advice can be beneficial for several reasons:

  • Pension clarity - understand the rules and specific benefits of the pensions you hold, track down any lost pots, and assess the best way to access your pension income at retirement.
  • Improved resilience - get help adjusting your pension plan to handle big life changes, such as divorce, career shifts and redundancy.
  • Maximised contributions - make sure you're contributing as much as you can, and getting the benefits you're entitled to.
  • Tailored investment management - select suitable investment options while managing risks.
  • Assurance on pension transfers - understand if transferring or consolidating pensions suits your needs and if you would lose any valuable guarantees or benefits.
  • Tax-efficient planning - minimise taxes on retirement income and investments.

How to receive financial advice

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Video call

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In person

How to receive financial advice

You can choose to meet with your adviser by telephone or video call. If you'd prefer in person meetings, you'll be matched with an adviser local to you. These options offer flexibility, making it convenient for you to access personalised advice, regardless of your location or communication preferences.

How much does pension advice cost?

Pension advice is included as part of the HL Financial Planning Service.

Our financial advisers typically charge 1-2% of the assets advised on (+VAT where applicable, minimum charges apply). This is a one-off charge which will depend on the complexity of your situation, the time needed to understand your goals, and to provide personal recommendations.

Your financial adviser will let you know if they think you'd benefit from ongoing advice. This comes with an extra charge.

Advice on the transfer of any secured benefit, such as a defined benefit pension (a final salary pension), will be subject to a separate charging structure, which your adviser will discuss with you.

Summary of charges

Getting advice starts with one call

Getting advice starts with one call

The first step is to talk to our advisory service team. This initial discussion is to determine if our advisory service aligns with your needs and goals and would be a feasible option for you.

During this conversation, we'll ask straightforward questions to understand your financial objectives and the total value of the assets you're seeking advice on. No financial advice will be given at this point.

If our advisory service is the right fit for you, we'll connect you with one of our experienced advisers for a first meeting.

Book your free call

Find an adviser

Find nearby HL advisers with our simple tool, and select the perfect match based on their areas of expertise and the type of advice you're looking for.

Find an adviser

As well as being knowledgeable and professional, one of Adam’s strengths is his empathy and patience. He understood my frustrations and made a complex topic understandable.

Mr Walker

Pension advice insights

How one of our advisers helped their client gain clarity and control

When Mr Walker found himself in a complex and frustrating situation with his pension, we were able to help him where his previous pension provider had fallen short.

4 min read

Client case study: Retirement planning with your partner

If you have a partner in your life, talking about your retirement plans together will help both of you take stock of what you’ve got.

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Questions to ask yourself in the run up to retirement

Start getting answers to your retirement questions sooner rather than later.

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Our Chartered title, granted by the Chartered Insurance Institute (CII), signifies our dedication to professional standards. Holding Chartered status means we prioritise ethical conduct, prioritise your interests, invest in ongoing development, and support initiatives benefiting society and our profession.

Download our factsheet to find out what this means for you.