Financial adviser in Cambridge - Mortgage broker in Huntingdon

The basic principle behind a pension is that you make payments, whether on a regular basis or as one-off amounts, to an insurance company to help you fund for your retirement. These payments are invested on your behalf in a range of different investments to build up a 'pot of money' that is then used to provide an income during retirement. These investments are commonly known as funds and most insurance companies offer a selection of funds that invest in different types of assets, for example equities (company shares) or property. The objective of most funds is to invest in assets that will increase in value over time, although this cannot be guaranteed as the value of certain assets can go down as well as up. When you reach your selected retirement age you take the money saved up in your pension and use this to provide an income for the rest of your life. One option would be to purchase a financial product called an annuity from an insurance company. This could be from the same company that provided the pension or a different company. An annuity is not the only option available these days, so it is important to discuss your own circumstances with an Independent Financial Adviser. As well as providing an income for life, in most cases, it is possible for some of the pension pot to be taken as a tax-free lump sum before you buy an annuity. ******************************************************************** The value of your investments and any income from them can fall as well as rise and investors may not get back the amount invested.

Name & Registered Office: AIA (CAMBRIDGE) LTD 31 HIGHFIELD AVENUE CAMBRIDGE CB4 2AJ Company No. 05645586 Registered in England ~ Mortgage Broker Cambridge ~ Independent Financial Advice Huntingdon ~ Financial Adviser Peterborough ~ ~ Pensions Cambridge ~ Investments Huntingdon ~ Life Assurance Peterborough ~ Mortgage Advice ~ ISA Associated independent advisors, is a trading style of The Clarkson Hill Group Plc, Registered Office: Alexandra House, Alexandra Road, Wisbech, Cambridgeshire, PE13 1HQ. Tel: 01945 585721 Fax: 01945 464712 Registered in England number 4310108