Case Study – Policy charges, pension at retirement

A new client came to see me with regards his pension plans.

This referral came to us from one of our existing clients who had informed the client how much we had saved him on his pensions.

We wrote away for all the information regarding his pension plans e.g. annual management charges, monthly policy fees, any trail commission being paid etc. Once we had all the information to hand we carried out our research.

We found that by reducing his charges on his plans, reducing the commission that was being paid and getting rid on monthly policy fees we could save him £44,000 up until his retirement.

We also did a projection on what affect this would have on his retirement fund. If the fund grew by 5% per annum up until retirement, his fund grew an additional £140,000 which means a big difference to his pension at retirement.