Offer More Options Campaign

At RIS we are all too well aware that too many pension savers are missing out on an increased income in retirement – sometimes as much as 33% extra, because of their lack of knowledge and the unclear message given by their existing pension companies about the choices that are available.

Far too many people retiring today are investing their pension funds – perhaps one of the biggest financial assets they own – without proper information and advice.  At best, this could mean they end up with a lower lifetime retirement income than they might otherwise have achieved.  At worst, they could be left with a wholly inappropriate product for their longer-term retirement needs and without the option to change their mind.

At RIS we are all too well aware that too many pension savers are missing out on an increased income in retirement – sometimes as much as 33% extra, because of their lack of knowledge and the unclear message given by their existing pension companies about the choices that are available.

Far too many people retiring today are investing their pension funds – perhaps one of the biggest financial assets they own – without proper information and advice.  At best, this could mean they end up with a lower lifetime retirement income than they might otherwise have achieved.  At worst, they could be left with a wholly inappropriate product for their longer-term retirement needs and without the option to change their mind.

The Offer More Options Campaign which we fully support, is designed to promote greater choice, flexibility and innovation in the at-retirement market and bring together like-minded industry stakeholders to improve the outcome for every client retiring in the UK today.

Only last weekend (6 Nov 2010) the Telegraph Money section had an article on this very subject with the headline “How pension firms can cut your income by 33%”.

We need to get the message out to everyone that is coming up to retirement so if you know of anyone let them know about the OFFER MORE OPTIONS CAMPAIGN.

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