Deciding how to take your pension is a big step. With a bit of planning and the right support, financial advice could help you make confident choices that suit your retirement plans.

It’s up to you whether you choose to take financial advice, we’re here to help you explore your options and decide if advice is right for you.

Why get financial advice at retirement?

Financial advice is a personalised service where a financial adviser will use their expertise and knowledge to look at your circumstances and future plans in detail to build your retirement plan.

Retirement advice can help you:

  • Take your money

    Set up an income or take lump sum(s)

  • Save tax

    Access your pension savings in a tax-efficient way

  • Feel confident

    With a clear retirement plan

How to choose an adviser

It’s important to get advice from a qualified, regulated adviser. All advisers should be regulated by the FCA.

If you choose to take financial advice, you’ll need to pay for the service. Advisers must tell you how much the advice will cost and what this covers before you go ahead.

They should always:

  • Take the time to understand your circumstances
  • Give you as long as you need to make decisions
  • Be clear and upfront about their fees

Feel free to ask questions. Choosing an adviser is a big decision, and you should feel confident in whoever you're working with.

For more information about advice, make sure you read our Financial Advice FAQs.

Finding an adviser

You can do your own research to find an adviser that's right for you.
If you're looking for a place to start, there are a couple of options you could explore:

  • Explore the MoneyHelper Service

    If you'd prefer to look around independently, the government’s MoneyHelper service offers an online guide and adviser directory that can help you find someone who suits your needs.

  • Speak with a Standard Life Adviser

    If you’d like to talk things through with us, we offer a free 10-minute introductory call with one of our advisers. We’ll explain how our advice service works, answer any questions you have, and help you decide if our advice is right for you.

Financial advice FAQs