LifePlan Investments
Retirement Planning
Make your finances work around retirement
Whether you are choosing a retirement date, preparing to receive a lump sum or already retired, your finances should reflect the life you want to lead. We help you consider everyday spending, family commitments and the years ahead.
With more than 35 years in business, LifePlan Investments takes a personal approach to retirement planning. We help you bring pensions, accessible savings and investments together and understand the options within our service as you move from saving to drawing on your resources.
Begin with spending and dependable income
A useful first step is to distinguish essential spending from discretionary spending. Then consider the income already available, such as State Pension entitlements or benefits from existing arrangements.
This helps identify the amount that other savings and investments may need to support. It also provides a basis for discussing how much flexibility you want and the uncertainty you can afford.
Keep access in view
Some money may be needed at short notice, while other funds can remain invested for longer. Fixed-term products have access conditions, and market investments may need to be sold at an unfavourable time if spending needs are underestimated.
We help you consider those differences as you review the overall arrangement. A higher headline return should be assessed alongside the risk to capital and the time for which money is committed.
Think beyond the first year
Retirement can last many years. Inflation, changing spending needs and the timing of investment returns can affect how long savings last. Withdrawals from market investments can reduce capital, particularly during a period of weak returns.
Where available and appropriate, different pension income options can be discussed within the relevant service. Their access conditions, death benefits, charges and risks need individual consideration.
A conversation at your pace
You may want to involve your partner or another trusted person. You may also prefer information in writing before making a decision. Tell us how you would like the discussion arranged.
If your circumstances change, contact us to discuss whether a further review is needed and what service would apply.
Investment income and capital values can change. Withdrawals may reduce the sustainability of an investment. No level of investment income is guaranteed unless the specific contract provides it and its conditions are met.
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