In retirement

Globes

Retirement fund choices

There are lots of reasons to keep your pension invested in funds after you have retired. Whether your are thinking about your SIPP, your ISA or an Investment Account, you need to employ the right investment strategies.

Building on firm foundations, starting with a plan, making the most of your portfolio and focusing on the long term are among the basic investment principles we’d recommend. Before you delve into those, there are some points specific to investing in retirement that you should consider.

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Transferring your drawdown pension

Withdrawing money from your pension through drawdown doesn’t lock the rest of your savings in place. You’re still free to move your pension to a new provider – and if you’re planning to take an income for a decade or two, it really can be worth it.

A lower-cost pension could save you money in the long run. It might also open up more investment options – or simply allow you to change to a company that works harder to meet your needs.

Legacy planning

Some people plan for a legacy from the moment they retire, while others think about it later after they see how their savings are going. In either case, we have ideas that can help you make sure you’re able to look after your loved ones.

Changing the income on your Fidelity SIPP

Your drawdown plans with the Fidelity SIPP are not set in stone. It’s a great idea to make changes to reflect your needs and goals – or simply what’s been happening in the markets. Here’s how you do it.

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Get some expert help

This is a big decision, so we always ask customers to take advice before they go through with a transfer. You can get this advice from our retirement team who will always act in your best interests – you won’t always be advised to move your money.

Our retirement specialists are able to provide both guidance and advice. The service we offer is based purely on helping you find the most appropriate solution for your personal circumstances. Call us on 0800 368 6882

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The government's Pension Wise service offers free, impartial guidance to help you understand your options at retirement. You can access the guidance online at www.pensionwise.gov.uk or over the telephone on 0800 138 3944.