Retirement Planning Process -

The retirement planning process is one of the most complex areas of financial planning and starts many months, even years before the actual retirement date. The key parts of the process are listed below:

Review Pensions

Financial Objectivies

Learn about Options

Research Market

Decisions - Retirement Options Report"

We have set out the typical retirement process and show what advice and actions needs to be considered at each stage. The numbers indicate the most important issues. Follow the links for more information and links to other resources.

Time Scale	In Advance of Retirement		At Retirement		Actual Retirement
	Months/ Years before		Between 90 and 30 days		About 30 days
key Issues	Start learning about annuity/DD options		Learn more about annuity/DD options		Review advice and choice of options
	Review pension plans and investment strategy		Research market for best rate/policy		Get up to date quotes
	Review financial objectives & risk		Make decision about type of annuity/DD
Action Points	Contact pension provider for up to date information Update letter of authority If applicable complete the medical details form		Retirement Options Report Sets out range of suitable options Final Recommendation Suitability letter		Complete Paperwork Annuity application form Transfer / OMO forms Provide age evidence and proof of identity
Key Questions	When is best time to switch to safer investments?		When is best time to retire? Which type of annuity / drawdown?		Is everything in place to meet deadlines?

At Retirement Advice

If you are serious about maximising your, or your client's retirement income potential you will benefit from using our unique At Retirement Advice service. This is a service that we have developed over many years of advising clients about annuities and drawdown options. There are three ways you can benefit from this service:

• Online information and resources - All the information you need to guide you through the retirement process including Learn about Options and Research the Market
• Retirement Options Report - Sets out the range of annuity/DD options most suitable for your circumstances
• Financial Advice - Get specialist and independent advice from William Burrows Annuities

The cost of At Retirement Advice

Annuities & Drawdown - Information and rates
Use of Annuity Calculators				Free Access*
Learn about annuities & Drawdown				Free Access*
Countdown to Retirement - Newsletter				Free*
At Retirement Advice - Specialist Information & Advice
Retirement Process Online including Learn and Research				Free to Clients of WBA** or Retirement Partnership***
Retirement Options Report				Included in cost of financial advice (see below) or £ 100 - £ 250 depending on complexity
Independent Financial Advice				Fee paying service
* Requires registration
** William Burrows Annuities
*** www.retirementpartnership.co.uk - a website dedicated to Professional Advisers