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Retirement Planning. |
The state old
age pension is highly unlikely to be sufficient for your
needs. Many employers are ditching final salary pension
schemes. The message couldn’t be clearer – plan for your
old age or face financial hardship! |
People are
living longer so you can’t even depend upon receiving an
inheritance before you retire! |
The
introduction of Stakeholder Pensions means that almost
everybody can start saving for their retirement. With
their guaranteed low charges and flexibility, you can
accumulate a fund to provide you with capital and income
when you retire.
We advise
Individuals. We can help you to assess the adequacy
of your current pension provisions. We can also simplify
different arrangements that you have collected over the
years. Our most important role is in helping you decide
upon the age at which you plan to retire and the income
you wish to target. |
We also
advise many Companies. Almost every employer must
now offer a stakeholder pension. This can be at no cost to
the employer and minimal administrative burden. Many
employers greatly value the fact that we will offer advice
to their employees – they see it as a benefit that they
can make available to their work force at no cost to them. |
Your options
when you retire can be very confusing. By offering advice
on annuities, income drawdowns and phased retirements we
can help you to make the best use of the retirement funds
that you have accumulated. |
CASE STUDY (i).
Mr & Mrs M were only five years
from retirement when they met Cambrian. They ran their
own business but they still had a mortgage that
operated on the interest-only basis and minimal
retirement provision. We changed their Lender to take
advantage of a more competitive interest rate and
recommended a repayment mortgage. Their debt reduced
rapidly and they were able to repay it when they
retired. We also advised them as to how much they each
could make in the way of pension contributions to
maximise the tax relief that they would receive. In
this, we consulted regularly with their Accountants.
By the time they reached retirement age they had
repaid their mortgage and accumulated sufficient
capital and income to be able to enjoy a comfortable
retirement. |
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Testimonial No: i
We wish we
had met Cambrian years ago. If somebody had nagged us into
making suitable mortgage arrangements and sufficient
pension contributions earlier on, we could possibly have
retired earlier. As it was, their help was invaluable and
we are now enjoying a comfortable retirement with our
mortgage repaid and sufficient capital and income for our
needs. We calculate that we have saved tens of thousands
of pounds in tax as a result of their advice.
Mr & Mrs M from Chester. |
CASE
STUDY (ii). Ian had already retired
when a fellow Police Officer recommended that he get in
touch with Cambrian. He still had a mortgage at a
relatively high fixed rate which was conducted on the
Endowment basis. Cambrian helped him to complain that the
Endowment had been mis-sold. The complaint was successful
and he received compensation. As soon as the fixed rate
mortgage expired, we moved him to a more competitive
Lender and operated the new mortgage on the repayment
basis. It will now be repaid two years earlier. He is
still having to work but his retirement prospects are
greatly improved. |
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Testimonial No: ii
I wish I’d met Cambrian before I retired. My mortgage is
now conducted on a sounder basis and my retirement
prospects are much better. If I had met them earlier I
would have invested my retirement capital differently but
I feel that my finances are now soundly managed. My
daughter also uses Cambrian’s services – hopefully, she
will learn from my mistakes.
I.W. from Wrexham. |
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