• Giving you an income in retirement
• Unlocking your pension money
• Making the most of your existing funds and tax relief
• Appraisal of all types of scheme from Money Purchase and Final Salary Occupational Schemes through RACs, RAPs, Personal Pensions and Stakeholder Schemes to Executive Personal Pensions, Sections 32s and FURBs

A pension is one of the critical investments that you will make during your life and our aim at Forum Wealth Management is to ensure that we select the right pension plan for you.

Your sources of pension income will come from a combination of the following sources:

• State Pension Plan
  This is a regular income from the state if you have made contributions throughout your working life.

• State Second Pension Scheme (S2P)
  A 'topped up pension' scheme based on additional contributions made throughout your working life which has now replaced SERPS.

• Occupational Pension Scheme
  This is a pension scheme that has been set-up by your employer and to which both you and them may have made regular contributions to over your working life. These may be either a 'Final Salary Scheme' or a 'Money Purchase' scheme and this will depend on the individual company that you worked for.

• Personal Pension Plans
  This is where you may have set-up your own personal plan and contributed to it from your own personal income.

• Stakeholder Pensions
  These became available from April 2001 and allow a minimum of £3600 a year to be invested in a pension plan. Allowances are made for additional contributions based on age.

• Self Invested Personal Pension (SIPP)
  Personal pension plans run by individuals, groups or companies offering a high degree of flexibility in how the money is invested. They also have a higher degree of risk than other pension plans.

A Day was on 6 April 2006, when the Government pensions bill came into effect. We can explain the consequences of the new legislation on your current pension provision.

The amount that you actually need to save will depend on your requirements in the next 20/30/40 years and how much money you will need in your retirement.

Our advisers have a wealth of experience in advising clients on the right pension scheme. They consider:

• Your current financial situation
• The level of income you would like to receive
• Your current and future income
• How flexible you want your payments to be
• Your employment status
• The track record of all pension providers

Once a pension plan has been chosen and you have made your initial investment, we will constantly review the plan to ensure that it continues to perform for you.

This section sets out the current pension’s regime, major changes are taking place with regards to the pension’s regime on the 6th April 2006, this site will be amended to reflect this at that time. More information can be obtained regarding our current understanding of the intended changes by contact us directly.