Pensions

Successive governments over the last 25 years have all made adjustments to pension laws and introduced new style pension plans e.g. stakeholder pensions, personal pensions, SIPP’s (self invested pension plans) and the latest type, due in 2013 the National Employee Savings Trust (NEST). All of them attempts to add simplicity to the world of pensions but, in reality, making them more complicated.

A pension plan is an investment of funds contributed by the client and/or an employer. These funds need to be invested and managed according to that client’s particular profile. Choice of funds or assets and subsequent periodic management reviews are essential during the life of the pension and our advisers use the best management and evaluation systems available to conduct periodic reviews.

The options open to a pension plan holder at maturity are complex and require careful consideration and, with the exception of committed annuities, ongoing asset management.

Annuities

At retirement a client may wish to convert his accumulated pension fund into an annuity (a lifetime pension in effect). The adviser can play an important role in the process of evaluation and selection of the right annuity.

Kidd & Co have comprehensive independent research facilities installed on our systems, which enable us to ensure a client is receiving the best possible annuity terms available.