Pension Advice with Milne Standen

Gone are the days of a “job for life.” In today’s world, it is common to switch jobs frequently. Data from LV shows that the average person will hold nine jobs and work for six different employers over their lifetime. For millennials, according to Cengage Learning, that number could rise to fifteen jobs. Each of these roles often comes with a workplace pension, leaving many with multiple pension pots scattered across different providers.

 

It is easy to overlook these pensions, especially when you are at the peak of your career and focused on the present. That is where Milne Standen comes in. As part of our comprehensive financial planning service, we offer expert pension advice tailored to help you manage and maximise your retirement savings.

 

Our Pension Services

 

  • Pension Planning: We help you set clear retirement goals and create a roadmap to achieve them, ensuring you understand how your pensions fit into your broader financial plan.
  • Pension Transfers: Our advice includes evaluating pension transfer options, helping you retain any valuable benefits and ensuring that your retirement savings are optimally positioned.
  • Pension Consolidation: If you have multiple pension pots, we can explore whether consolidating them into one plan would be more beneficial for you, reducing management complexity and potentially saving on fees.
  • Pension Drawdown: We provide flexible retirement income solutions, including strategies for drawing down your pension in a tax-efficient way.

Frequently Asked Questions

 

What do you charge for pension advice?

We only charge once you agree to move forward with our recommendations. We will clearly outline all the charges. Our goal is to ensure that you fully understand and are comfortable with the strategies before any fees are applied.

Does it take time to transfer money?

Yes, pension transfers can take time, as they depend on the processes of the transferring scheme. However, we handle all the paperwork and communication for you, so you do not need to worry about the logistics.

What are the advantages of consolidating pensions?

We do not automatically recommend consolidating all your pensions—it depends on your individual circumstances. We will evaluate any guarantees tied to your existing pensions and assess the fees, helping you decide if consolidating into a single strategy is the best option for you.

Why Choose Milne Standen?

 

At Milne Standen, we have worked with many clients to help them streamline their pension arrangements and plan for a secure financial future. We understand the challenges of managing multiple pension pots, and we are here to develop a tailored strategy that fits your specific needs and goals.