Retirement Case Study


John was referred to us by an existing client.

  • He is 60 years old and his wife is 51. He has 3 grown up children, 2 from his previous marriage and one from his current
  • He works in the IT industry where he enjoys his busy lifestyle. He’s hoping to retire when he’s 65 at which point he’ll sell his current home near London and move out to the Sussex coast.
  • He has saved into employer sponsored pensions most of his working life so has accumulated four separate pension pots with four different providers.
  • His current employer’s scheme is a Personal Pension where the onus is on him to choose the appropriate investment funds.
  • He is not currently receiving any financial advice.


What he wanted to achieve

  • He wanted the ability to receive a variable amount of income each year. He anticipated that his income requirements would fluctuate from year to year.
  • After saving for most of his working life he didn’t like the idea of giving all his capital away in return for an income.
  • Ideally, he would like to draw an income directly from his pension savings.
  • He wanted the ability to pass any unused pension savings on to his wife and even his children in the event of his death, ideally with as little tax paid as possible.
  • He didn’t want the hassle and responsibly of choosing an appropriate investment strategy for his savings – he wanted his retirement to be as stress free as possible!


Recommendations and Action

  • After carrying out a comprehensive review of all his current pension policies we consolidated them all into an advised Self-Invested Personal Pension (SIPP).
  • We left a nominal amount in his current employer pension to ensure he can continue to receive monthly contributions while he still works there.
  • After ascertaining John’s attitude to risk, we recommended a portfolio of funds to match his personal profile.
  • This portfolio of funds is to be managed on a discretionary basis ie our fund managers make appropriate changes without him having to get involved.
  • We will re-evaluate his attitude to risk on an annual basis.



  • His new SIPP has the ability to pay him a flexible income directly from his savings without the need to transfer to another product.
  • As his portfolio is managed on a discretionary basis, his investments are rebalanced on a quarterly basis to take advantage of growth opportunities and market conditions. All the while ensuring that his investment strategy matches his stated risk profile at all times.
  • If he dies, any money left in his policy can be passed on to his wife and children (in a proportion of his choosing) free of Inheritance Tax and potentially free of Income Tax.
  • In turn they then have the ability to pass on any unspent savings on to their loved ones. Again free of Inheritance Tax and potentially free of Income tax.
  • As well as meeting his initial objectives, John now has access to financial advice at all times as well as an annual review meeting.
  • Also, as a result of being invested in an appropriate risk rated portfolio run by Discretionary Fund Managers, his consolidated pension pot rose by over 15% in its first year*.

He can now be optimistic that he has the best chance of enjoying a relaxing retirement by the seaside without any financial worries.


*time weighted return from 20/7/15 to 19/7/16 net of all charges

Please note: this is provided as a working example and for information purposes only. It should not be construed as financial or investment advice.