Make pension reviews a priority, IFAs told
Independent financial advisors (IFAs) should make pension reviews a priority and, if possible, conduct them ahead of schedule, Zurich said this week.
Good pension planning is vital following the economic crisis, Zurich said, and advisers should encourage their clients to undertake pension reviews now in light of the credit crunch.
Many people saving for retirement will need to reassess their investments and make adjustments in their pension plan to meet their changing needs, Zurich said.
The insurer is holding support and information seminars across the UK to help IFAs guide their customers on when and whether a change in pension plan should be undertaken.
Zurich has also launched a HelpPoint to give administrative support to advisers who are reviewing pensions.
Dave Lowe, Zurich’s pension management director, said: “In volatile times, we understand that peoples’ attitude to risk becomes more cautious.
“We also recognise the perhaps competing need for long-growth to achieve retirement objectives.
“By taking action, advisors can work with their clients to ensure their investment strategies continue to correspond with their own needs.”