BOURNEMOUTH FINANCIAL ADVICE

Average pension in Bournemouth

Average pension in Bournemouth

Let’s be honest with ourselves; nobody knows how to predict the future when it comes to precisely how much we’ll need for an easy retirement. We do, however, have the benefit of working with specialist financial advisors in Bournemouth and, indeed, across the country, so you can rest assured that you’ll be able to get access to the help you need.

We know that, on average, people in the South West of England tend to:

  • Have an average pension of £127,360
  • Have a life expectancy of 80 years
  • Should expect a pension shortfall of £19,531

Whether you live in Bournemouth or further afield, you’re not alone in wanting to find financial peace of mind in the run-up to your retirement. It takes a great deal of planning and careful budgeting over a number of years, but the important thing to remember is that you don’t have to do it alone.

We partner with advisors all throughout Bournemouth and the South West area, so you can find the advice you need at the right time in your retirement preparation.

Property market in Bournemouth

Building a pension pot over the years is a great tactic, but there isn’t always the need to rely on that alone. You might be quite literally sitting on cash that you could free up from your home to help fund your retirement, too. Downsizing and renting out rooms are both popular ways to gain extra income. Many homeowners also choose equity release as a way to free up cash without having to relocate.

Official stats from the government tell us that the average house price in the South West comes in at £294,906. What’s more is that that represents an increase of 13.7% on the year before, so your house and, therefore, the equity you could release from it could be on the rise, too.

With the right financial help from an advisor in Bournemouth, you will get to know the ins and outs of all the options available to you regarding your homeownership and its potential contribution to your retirement fund.

Where do people in Bournemouth retire to?

Financial advice in Westbourne, Bournemouth

Westbourne

Since Bournemouth is known as one of the sunniest places in England, it’s no wonder people want to retire to spots like Westbourne there. It’s close enough to the beach and the pier, peppered with pretty eateries and decorated with plenty of stunning houses through streets that will be easy on the eyes for years to come.

Financial advice in Queens Park, Bournemouth

Queens Park

Just north of the Vitality Stadium and north east of the centre of Bournemouth lies Queens Park. It’s a delightful little suburb that’s brought to life by a sprawling golf course, an eclectic shopping centre to the north in Castlepoint and a scattering of shops, pubs and restaurants that will help you while away the days without a care in the world.
Financial advice in Talbot Woods, Bournemouth

Talbot Woods

With quiet roads and nice, elegant properties, Talbot Woods offers the kind of village-like feel that a lot of people look for in retirement. It’s got all the amenities you could possibly want for a comfortable retirement, as well as easy access to the A-roads if you want to get out to Cranborne Chase AONB or New Forest National Park.

Why getting financial advice is important

Rainy days have an annoying habit of creeping up on us. Sudden illness or a broken boiler can spell disaster for your savings and financial goals. That’s where thinking ahead can pay off. If you’re keen to make the most of your hard-earned money, working with a financial consultant or advisor in Bournemouth can help.

An advisor has the financial expertise to help you make your money work harder, by supporting you to:

  • Take advantage of tax relief
  • Make informed decisions on your investments
  • Build a solid plan to achieve your short, medium and long-term goals
  • Avoid financial pitfalls and plan for rainy days

We can help you take the first step towards financial advice if you think working with an expert could benefit you. The advisor partners we work with have decades of knowledge and we can match you with the most qualified expert for your needs in seconds. Tell us the type of advice you need and your contact details, and we’ll do the rest!

Our service

Local Financial Advice’s free advisor matching service connects people all over the UK daily with FCA-regulated experts. Wherever you’re based in Bournemouth, we’ll match you with the financial advice expert that’s right for you.

So whether you are looking for advice on your retirement plans, investments, wealth management, financial planning or thinking about your long-term financial future, we can help put you in contact with a trusted financial advisor who will listen to your needs.

Learn more about how we help you connect to local financial advice experts, how our free advisor matching service works and why over 900 happy customers rated us Excellent on Trustpilot.

Click to Find a Financial Advisor in Bournemouth

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.