Prudent Retirement Planning Ltd

Page 1

Prudent Retirement Planning ‌the missing employee benefit

“Regular financial advice to an individual on their company pension scheme will greatly increase the potential for a higher retirement income in the future.�


About Us Prudent Retirement Planning Limited are Financial Advisers. We offer both Independent Financial Advice and Multi Tied Advice. We specialise in providing advice on employee benefits to both employers and employees.

What We Offer For Employers • Simplified administration • Ongoing service proposition • A consultation and review service of existing employee benefit packages • A full cost and efficiency comparison service. • Promotion of employee benefit packages to your employees. • Advice on how to increase the benefits that you offer to your employees without increasing the cost. • Redundancy counselling

What We Offer For Employees • Regular meeting and advice to individuals on their own personal pension accounts. • Presentations on the valuable benefits provided by employers. • Regular presentations on changes in legislation and their affect on individuals. • Access to an Independent Financial Adviser when required. • Mid career and retirement planning seminars. • Redundancy counselling


Company Pension Scheme Review When was the last time your company pension scheme was reviewed? Are you aware that you may be able to reduce the cost of your scheme whilst increasing the benefits to your employees? Many employers see the company pension scheme as the foundation of their employee benefits. However many schemes are set up without employees having access to regular financial advice. This can have a long-term detrimental effect on the pension provision of an employee.

Our Solution Restructure the pension scheme and build in regular advice and consultation for employees and employers. Provide an account manager to ensure that pension benefits continuously meet company and individual employee needs.


Why Do Pensions Get Such Bad Publicity? Despite being one of the most tax efficient ways to save for your retirement, many people have a deep mistrust of pensions. We believe this stems from a number of factors: • Pensions not reviewed on a regular basis. • Lack of understanding about how pensions work. • Lack of client specific advice. Many individuals do not find the time or do not have the opportunity to review their pension provision.

Our Solution When we are asked to restructure a pension scheme we build in regular clinics for all employees to receive advice on a one to one basis. We can also provide: • Seminar presentations on employee benefits • Mid career financial presentations for employees • Retirement presentations for employees


Our Business Process Step 1 Meet with Finance Director or Head of Human Resources. Discuss existing company pension and other employee benefits. Step 2 Gather detailed information on existing company pension scheme and other employee benefits to enable us to provide a comparison. Step 3 Produce a comparison of existing arrangements with a new scheme building in more employee benefits. This will include a comparison of both cost and benefits. Step 4 Present a comparison of both schemes to the company decision makers. Step 5 Present full details of the new proposals to employees. Step 6 Complete paperwork. Step 7 Put in place a service agreement for on-going advice to the Company and its employees.


Some Things To Consider Many people reaching retirement wish they had done more financial planning years before. “I wish I had heard this 20 years ago�. Many employees join a company pension scheme and hardly give it any consideration until a few years before retirement. Should on-going financial advice on a pension scheme be offered as an employee benefit? Regular financial advice to an individual on their company pension scheme will greatly increase the potential for a higher retirement income in the future. Because of economies of scale, setting up arrangements with more benefits are often more cost effective than leaving things as they are.


How to contact us Prudent Retirement Planning Limited CBX2 West Wing 382/390 Midsummer Boulevard Central Milton Keynes MK9 2RG Tel: 01908 847104 Fax: 01908 646329 Website: Email:

Prudent Retirement Planning Limited Registered Office: CBX2, West Wing, 382/390 Midsummer Boulevard, Central Milton Keynes, MK9 2RG Registered in England, No: 5912790 Authorised and Regulated by the Financial Services Authority 458112

Issuu converts static files into: digital portfolios, online yearbooks, online catalogs, digital photo albums and more. Sign up and create your flipbook.