Although the following case study relates to an actual example, where we have helped our clients by providing solutions to their financial problems, the names and figures have been changed for confidentiality purposes. 

Amanda is a self-employed business  professional who has always run her own business. She has employees, for whom her company has set up workplace pension – but she herself had opted out and did not have a pension.  Amanda had never consulted with a financial advisor previously and came to Lucy to start planning for her retirement.

Retiring with only a state pension as income will lead to a huge drop in standard of living, especially for those who have received a substantial income throughout their career.  

In addition, those without a pension miss out on the tax efficiency and growth accrued by investing in them.

Amanda’s daughter would be starting private school a short time in the future, so her financial situation would be changing, and quite drastically.  

Lucy worked with Amanda to identify a realistic and achievable monthly investment in her new pension. Having not paid into one until this point in her career, a large sum might seem intimidating and impossible. Lucy will continue liaising with Amanda to gauge whether the contributions can be increased over time, especially in the face of her changing financial commitments.

The value of an investment with St. James's Place will be directly linked to the performance of the funds you select and the value can therefore go down as well as up. You may get back less than you invested.