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Retirement advice services

Getting the transition into retirement right is crucial. It could mean the difference between just getting by in retirement and being able to do what you’ve been looking forward to

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After taking retirement advice you’ll know:

  • When and how to get your investments ready for retirement
  • How you’ll cover your expenditure in retirement
  • The most suitable ways for you to generate the income you’ll need in retirement
  • How your plans fit in with your spouse or dependants where needed
  • How much you need for the duration of your retirement by seeing a cash flow model
  • Where you’re invested and why

Why take retirement advice?

Your retirement is one of the most important things you can plan for. It’s also something that impacts so many other aspects of your life – both in the near and distant future.

As you reach retirement you will need to ensure your plans are set for the long haul. Advice will help you adjust your financial affairs to meet all the objectives and challenges ahead.

The number of options available to retire is both a blessing and curse. For many, it gives the choice of combining both flexibility and stability. But if it’s all a bit of a headache, we can help you understand and choose the right options for you.

Retirement advice can help you get closer to the retirement you’ve always dreamed of.

Our advisers’ qualifications

All advisers must have a diploma in financial planning (or equivalent) which is recognised by the Financial Conduct Authority and complete training and development each year to keep their knowledge up to date.

The majority of our advisers’ qualifications are awarded by the Chartered Institute of Insurers (CII) and they are members of the Personal Finance Society (PFS).

Rest assured all our advisers are fully qualified to advise you on retirement advice.

Cost of retirement advice services

Our financial advisers typically charge 1-2% (+VAT where applicable, minimum charges apply) of the assets advised upon for complex areas such as retirement advice.

We don’t believe in tying people into yearly reviews so with HL you can choose one-off advice. For an extra charge, ongoing advice is available on a yearly basis if you request it or you can come back to us in future if your circumstances change.

Our advisers will always look at your circumstances and plans as a whole before giving retirement planning recommendations.

Book a call

Please note: 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. Read more on our charges.

Speak to our advisory helpdesk to get started

We ask that you speak to our advisory helpdesk to start your financial advice journey. They’re here to answer any outstanding questions you have about our advice service. They won’t provide personalised advice but if you’re happy, they’ll put you in touch with an adviser within two working days to arrange your initial consultation.

Your adviser will also double check you’re comfortable with the service you’ve chosen, that you’re getting the advice you need and understand the charges involved.

If our financial advice service isn’t right for you, we’ll point you in the direction of HL’s helpful information. The government’s free and impartial Pension Wise service is a good place to start to help you understand your retirement options.

Please note: we can only provide advice to UK residents. If you’re resident overseas, unfortunately we’re unable to advise you.