Financial planning
Retirement advice
Financial planning
Retirement advice
What is retirement advice?
Retirement advice helps you plan for your financial future, so you can be confident that your finances will support you and the lifestyle you want before giving up work.
A financial adviser can help you to create a robust budget and income strategy. They'll look at all your cash savings, investments and pension income options to create a plan for making your money last throughout retirement.
Why get retirement advice?
Taking retirement advice can be beneficial for several reasons:
- Maximise savings - determine your retirement saving needs and create efficient plans to meet your goals.
- Tailored investment management - select suitable investment options while managing risks.
- Tax-efficient planning - minimise taxes on retirement income and investments.
- Strategic income planning - create a plan to generate income during retirement, giving you enough money to cover your expenses.
- Better risk management - identify and manage risks like market fluctuations, inflation, and unexpected expenses that could affect your retirement savings and income.
How to receive financial advice
Phone
Video call
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.
Cost of financial advice
Retirement 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.
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.
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.
I was very impressed by Steve’s up to date knowledge. It saved me a lot of time, it helped our plans feel robust and perhaps best of all, the tax saving alone more than paid the advice fee.
Mr Ford
Retirement advice insights
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.
Client case study: Financial advice at a crucial turning point
Financial advice can benefit a wide range of people at different points in their life. Whether that’s younger clients accumulating wealth or those in later life planning for things like long-term care or passing on their wealth tax efficiently.
Client case study: 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.
We are Chartered Financial Planners
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.