Importance of advice

AJ Bell Investcentre is only available to private investors through a financial adviser, and it is important that you speak to your adviser before making any decisions.

Don’t rush financial decisions: The impact of coronavirus on the financial markets and on pensions and other investments has been potentially very damaging. Pensions are designed for long-term investment to provide income in retirement. It is very important that you carefully consider any decision now, especially relating to accessing the benefits in your pension for the first time or drawing more income from your pension.

We strongly urge you to avoid rushing your decision-making and recommend that you speak to a financial adviser before taking any action. Guidance is also available from the Pensions Advisory Service: www.pensionsadvisoryservice.org.uk.

If you need the support and help of a qualified financial adviser but don’t yet have one, you can use the following websites to find one in your area.

Unbiased.co.uk

VouchedFor.co.uk

The Money Advice Service

Yourmoney (The Personal Finance Society)

Guidance on pension benefit options is also available from the Government-backed ‘Pension Wise’ service. This is a free and impartial service available online, over the phone from The Pensions Advisory Service, and face-to-face from Citizens Advice. Whilst this may be valuable for certain individuals, the Pension Wise service is not intended to be a substitute for full financial advice. More information can be found at www.pensionwise.gov.uk.

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