The world of pension freedoms.

advice

Jonathan Watts-Lay, Director, WEALTH at work, speaks to Corporate Adviser about how in the world of pension freedoms, retirement will be less about product and more about service.

Watts-Lay comments; “The shift away from ann­uities towards drawdown is not just about pensions. It is all about savings, ISAs and share schemes: all the streams where you will have to manage income in the most tax-efficient manner over the next 25 or 30 years.”

WEALTH at work offer an advice service called my wealth which provides individuals with guidance and advice, whether they are saving for a big purchase, their retirement or indeed they require help to generate income at the point of retirement.

“We manage the money based on income requirements; setting out how much money a person is hoping to get in retirement including all pensions and other assets… and we tell them if it is realistic.”

He continues; “If it is, we will manage the portfolio rather than buy a product because it isn’t just about pensions.”

Watts-Lay says the tech­nology behind the service enables it to be used by those with smaller pots.

“With this technology, we can make money because we have an efficient platform where we can bulk-trade everything,” he says.

To read the full article in Corporate Adviser, please click here.

Links to websites external to those of Wealth at Work Limited (also referred to here as 'we', 'us', 'our' 'ours') will usually contain some content that is not written by us and over which we have no authority and which we do not endorse. Any hyperlinks or references to third party websites are provided for your convenience only. Therefore please be aware that we do not accept responsibility for the content of any third party site(s) except content that is specifically attributed to us or our employees and where we are the authors of such content. Further, we accept no responsibility for any malicious codes (or their consequences) of external sites. Nor do we endorse any organisation or publication to which we link and make no representations about them.