Pensions can be a particularly confusing area it’s often where our expert help is most useful and appreciated.

Pension planning these days falls into two categories – ‘pre’ retirement and ‘at’ retirement. The latter never used to require much attention but recent legislation means there are now various different options that need careful consideration.

Whichever category you fall into, Pembrokeshire Wealth Management can provide the expert advice needed to make sure your retirement is everything you expect it to be.

Understanding your current pension
We find that many people do not fully understand their current pension and sometimes aren’t even sure if they’ve got one. We can help you locate old pensions and will contact your existing pension provider to understand how your pension money is invested. Then we’ll explain exactly what you currently have, how it’s performing and what options are available to you. This includes finding out if there are unnecessarily high charges, commissions or fees that are adversely affecting your pension fund.

‘Pre’ retirement pension planning
This stage involves helping you work out how much you’re going to put into your pension and what that means you can expect in retirement. A key part will be talking to you about your attitude towards risk and make sure the choice of scheme reflects that. Regular reviews are important to make sure you’re on target for your desired amount and whether any changes are needed.

‘At’ retirement planning
New reforms introduced in April 2015 have brought more freedom and a greater choice when deciding how to take the benefits from your pension fund. The best way to take your income in retirement will be different for each person. Questions about whether you should take your tax free cash sum, buying an annuity and income drawdown can be very confusing but Pembrokeshire Wealth Management can take you through all your options, with no jargon and at a pace that suits you.


A pension is a long term investment. The fund value may fluctuate and can go down. Your eventual income may depend upon the size of the fund at retirement, future interest rates and tax legislation.