With the state pension age on the increase pension planning is now an even more important part of financial planning. By 2046 under current legislation the pension age for both men and women will have increased to 68. The chancellor in the 2011 budget announced that the government are considering linking state pension age to life expectancy. Current 
life expectancy for a man in the UK is 77 and older for a woman on average. Should these measures go ahead are you prepared to work until you are over 70? If not then you need to plan for your retirement!
Effective retirement planning is essential as pensions give the potential for tax relief and tax efficient growth.
Here at JG Financial Planning we will help you plan for that income you would like to receive in retirement whether that be at 55, 65 or 70 years of age.
If you are nearing retirement and looking to utilise the open market option to search for a potentially more competitive annuity than your current pension scheme can provide then we can advise you.