We analysed all his assets, some of which were underperforming. After lengthy discussions about his future goals and needs, we presented a personalised financial plan which would give him a clear sense of the steps he needed to achieve this. We suggested that he consolidated the majority of his pensions with one provider for simplicity and flexibility of withdrawing income. However, we recommended that one existing pension with an enhanced annuity rate was left in place to draw upon when he retired.
He is now clear about what he needs to today and over the next few years. We will work with Clive to review this plan on an ongoing basis as his needs change over the course of his life.