Friday, March 06, 2009

Pension planning over breakfast - just a normal day at the Newbury Business Group

While it is a complete myth that ostriches, when frightened will stick their head in the sand, it is a very useful metaphor when trying to describe the default position when it comes to pension planning.

The uncomfortable importance of pension planning was the thorny subject of the 10 minute presentation at the Newbury Business Group this morning, with member Deane Anderson, an Independent Financial Advisor from Bates Investment Services tackling the challenge with enthusiasm and good humour.

Trying to explain exactly what he said her presents something of a challenge and probably breaks all kinds of compliance rules - suffice to say he started by explaining the pension planning was nothing more than tax efficient savings, went on to firmly illustrate the point, before fielding all manner of nervous questions. You were almost waiting for someone to say: "Well... I've got this friend who is worried about their pension..."

Actually the diversity of questions clearly illustrated why up close and personal advice is essential and Deane made it clear he is the expert we should use!

If I could have invested all the pennies that could be heard dropping within the room this morning... well, that would have been my pension sorted!

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