It's payback time.
Time to retire. Time to enjoy your freedom.
But there are still important decisions to make. Some people might be asking themselves what options they have with the pension they have built up. These are some common questions for people hoping to retire: "should I combine my different pensions?"; "what is an annuity?"; "what is Flexible Access Drawdown?" and "where do you go for help and advice?".
That's where Destination Retirement comes in.
Destination Retirement is the MMT’s planning and advice service, powered by HUB Financial Solutions.
It helps you to make a free retirement plan, explore your options, and provides you with affordable financial advice. You can chat to experts, visualise your situation with planning tools, and get started with your retirement. And it's all online - so it's accessible and hassle-free.
Destination Retirement will:
- encourage you to think about your priorities: what do you want out of retirement? What financial support do you need to keep you on track?
- create a personal retirement plan based on information about your financial situation (pension, savings, investments, debts and income), which you then choose if you're happy. If not - you can rearrange some values and have another go.
- provide a recommendation based on the plan you've chosen. This advice will set out the best financial products you could use to realise your vision by making the most of your current retirement savings.
At this point, you can choose to set up that plan - which will incur a competitive cost.
Then, all you need to do is to review your plan, and continue fine-tuning as you enjoy retirement.
Destination Retirement is an affordable advice service where the planning is free. There are other organisations offering free retirement guidance that you could consider too, so it's important to shop around to find the best option if you feel like Destination Retirement is not the right way forward for you.
To find out more about Destination Retirement, watch our interview with Adrian from HUB Financial Solutions about Destination Retirement.
Register now at hubfinancialsolutions.co.uk/mercer