BRISTOL FINANCIAL ADVICE

bristol financial advice

Average pension in Bristol

Are pensions important? Everyone knows the answer is yes. Here’s a more difficult question: how big of a pension do you need?

We’ve done our research and found, on average, people in Bristol:

  • Have an average pension of £130,000
  • Have a life expectancy of 80 years
  • Should expect a pension shortfall of £19,531

For most people, pension planning doesn’t go further than knowing how much you have in your pot. When you’ve been saving your whole career, surely your pension will be enough to support you through retirement. Right? Well, the sad truth is that almost 40% of over-60s plan to rely on the state pension to cover their care costs. That’s roughly six million people who don’t have a safety net as they enter the most vulnerable time in their lives.

We pride ourselves on helping people get the help they need. That’s why we connect hundreds of people to financial advisors in Bristol. It could be the best step you can take towards a comfortable retirement. Discussing your goals, assets, and what kind of retirement you want to have with a pension expert could mean the difference between a stress-free and a stressful retirement.

Property market in Bristol

Many people aren’t aware of the flexible options available to you in retirement. The pension freedoms legislation enacted in 2015 means that you have greater control over what you do with your pension than in previous years. There are also options outside of your pension. Did you know that you could access the equity tied up in your home? 

The average home in Bristol is worth £317,000. Accessing that equity could mean you don’t have to downsize when planning your retirement.

When speaking with your pension advisor, don’t forget to explore all the options available to you and consider how your assets can be used to create the retirement you’ve always wanted.

Where do people in Bristol retire to?

Financial advice in Emersons Green, Bristol

Emersons Green

Emersons Green has emerged as one of the most popular areas in Bristol over the last few years. With heavy development through the 1990s and early 2000s, it’s become a modern area that doesn’t sacrifice the peace and quiet many people look for in retirement. Of course, if you are wanting a trip into the city centre, it’s just a quick drive or bus ride away.

Financial advice in Clifton, Bristol

Clifton

Nature lovers are (excuse the pun) naturally drawn towards Clifton when looking for somewhere to enjoy their retirement. Having the Durdham Downs and Leigh Woods on your doorstep would be enough for almost anyone to love the area, but the views from Clifton Observatory rival anywhere else in the city. With Bristol Zoo Gardens to top it all off, the question isn’t ‘what are you going to do?’ In Clifton, it’s ‘what are you going to do first?’

Financial advice in Redland, Bristol

Redland

Anyone with an interest in the Victorian era should put Redland on their retirement haven list. The wide avenues and spacious properties easily transport you back to another time - many houses made with local stone. That they’re still standing to this day in such great condition is a testament that Redland is an area for all generations.

Why getting pension advice now is essential

With so many options available to you, getting professional advice has never been more important. Many products also cannot be cancelled or altered once you’ve committed to them. That’s why it’s essential to discuss your circumstances with a professional who can help you make an informed decision on how you will support yourself through retirement.

We know that many people don’t speak with a financial advisor until they need to plan their retirement. That’s why we make finding an advisor so easy. Just tell us a little bit about you and your circumstances and we’ll find a local financial advisor in Bristol who can help you.

You’ll be invited to a free consultation so you can discuss your goals and circumstances with your advisor. You’re in control every step of the way: there’s no obligation for you to take their advice and if you want to be matched with a different advisor, just tell us.

Click to Find a Financial Advisor in Bristol

Frequently asked questions

Do I Need a financial advisor Do I need a financial advisor

Do I need a financial advisor?

A financial advisor can offer valuable insight and expertise on a wide range of common financial concerns.

Key situations in which a financial advisor is likely to be valuable include:

  • Exploring your options during key life events such as retirement

  • Comparing quotes for pensions or insurance products

  • Investing large sums of money

  • Inheritance tax planning and intelligent saving

How much does an advisor cost How much does an advisor cost

How much does an advisor cost?

The cost of using a financial advisor can vary depending on your needs. You may be able to resolve your issues in a single consultation, or you may benefit from a more long-term collaboration.

At Local Financial Advice we're dedicated to providing a transparent and cost-effective experience for all customers:

  • Free, no-obligation initial consultation - Discuss your issues in detail and make a decision about whether you’d like to proceed before making any commitment.

  • Total transparency - Any costs associated with purchasing any product or service from your financial advisor will be broken down in detail.

How can I speak with my advisor? How can I speak with my advisor?

How can I speak with my advisor?

Many of the advisors we work with are flexible with how they can meet with you.

  • Your advisor will often try to first get in touch with you by phone to talk about the kind of advice you need.

  • If you decide to continue with their advice, advisors can meet you face-to-face. You can discuss any safety precautions the advisor should take if you arrange for them to visit your home.

  • Throughout your time speaking with your advisor, you may receive emails from them. These will often simply be to confirm your information or the details of future meetings you book with them.

Our Service Our Service

Is the advice one-off or ongoing?

The type of advice you need depends on your circumstances.

  • We encourage everyone we connect with an advisor to discuss their financial needs in detail so they can receive the right amount of advice.

  • You may only need one-off advice if you need help choosing a long-term product to support your retirement, such as an annuity.

  • If you need flexibility with your money, you may prefer ongoing advice from your advisor with you speaking every six months or year to see how your money is performing.

  • Whatever help you need, your advisor will clearly lay out the costs involved. These can be one-off costs or recurring, such as a fund management fee.

Photo credits: Emersons Green, Clifton, Redland