Pension Drawdown Advice that’s easy to understand

Our drawdown advice service is designed specifically for individuals who are looking to access their pension savings through a flexible drawdown plan.

H O W W E C A N H E L P

We understand that making decisions about your retirement can be a daunting task, which is why we offer expert drawdown advice to help you make the best choices for your future.

Our team of experienced and fully qualified financial advisers will guide you through the complex process of setting up a drawdown plan and help you understand the various options available. They will work closely with you to assess your financial needs, lifestyle goals and personal circumstances to develop a drawdown plan that meets your unique requirements.

A few reasons why our customers choose to work with Proper Pensions

We assess your current financial status

R E A S O N O N E

In this step, we evaluate the client's current financial situation, including their pension savings, other assets, debts, income, and expenses. This information is essential in determining the best strategy for drawing down the pension.

We develop bespoke drawdown plans based on your needs

R E A S O N T W O

Based on the information gathered in the first step, we create a personalised plan for drawing down the pension that takes into account the client's goals, risk tolerance, and financial needs. This plan will include recommendations for the optimal mix of investments, annuities, and other financial products that will help the client meet their financial objectives.

After implementing your plan, we will monitor it going forward

R E A S O N T H R E E

Once the plan is in place, we will assist the client in implementing it and will monitor its performance to ensure it remains on track. We will also regularly review and adjust the plan as necessary to account for changes in the client's financial situation and market conditions.

We’ll support you throughout the entire journey

R E A S O N F O U R

Our commitment to our clients does not end after the initial drawdown plan is in place. We provide ongoing support and advice to help our clients navigate the challenges of retirement and make informed decisions about their finances. Whether it's answering questions, reviewing investments, or making adjustments to the plan, we are always here to help.

Retirement Income FAQs

  • A drawdown pension is a type of pension scheme where you can take your retirement savings as a regular or ad-hoc income while leaving the remainder invested. This allows you to maintain access to your pension funds while taking advantage of investment growth over time.

  • With a drawdown pension, you can access your retirement savings as a regular income. This income can be set up as a fixed amount, or you can opt for a flexible drawdown option where you can take different amounts at different times. The remaining funds will remain invested and continue to grow, providing you with a source of income in the future.

  • One of the main advantages of a drawdown pension is the flexibility it provides. You can take your retirement savings as and when you need it.

  • A drawdown pension may be a good option for you if you want to maintain access to your pension savings and are willing to manage the investment risk. It may not be suitable if you prefer a guaranteed income or if you're not comfortable managing investment risk.

  • As with all investments, there are risks involved with a drawdown pension. The value of your investments can go down as well as up, so you may get back less than you originally invested. You may also face higher charges and fees compared to other pension options. It's important to consider your individual circumstances and seek financial advice before making any decisions.

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At Proper Pensions, our goal is to help you achieve a secure and comfortable retirement. Our team of experienced financial advisers is here to help you every step of the way.