Things clients say #3

Nicola Brittain
clock •

Stephen Robinson, managing director of Bristol-based firm Clarke Robinson & Co, relays the story of a client forced into marriage by his pension providers.

A client came to me a couple of years ago, just three months before he was due to retire, with five pension schemes, three small personal pensions and two large final salary pensions. He wanted me to help work out what they were worth. He had imagined the personal pensions were worth most money, but actually they amounted to peanuts. The final salary schemes were more substantial though. All five were to be his only source of income, he had no assets or savings. The schemes would pay out £18,000 in total a year, and would provide his wife with £9,000 per annum. The only problem was...

To continue reading this article...

Join Professional Adviser for free

  • Unlimited access to real-time news, industry insights and market intelligence
  • Stay ahead of the curve with spotlights on emerging trends and technologies
  • Receive breaking news stories straight to your inbox in the daily newsletters
  • Make smart business decisions with the latest developments in regulation, investing retirement and protection
  • Members-only access to the editor’s weekly Friday commentary
  • Be the first to hear about our events and awards programmes

Join

 

Already a Professional Adviser member?

Login

More on Investment

Budget 26: Stamp Duty on shares to be swapped for Securities Transfer Tax

Budget 26: Stamp Duty on shares to be swapped for Securities Transfer Tax

By late 2027

Patrick Brusnahan
clock 28 October 2026 • 1 min read
Investment tax relief rises by smallest amount in four years amid recent Budget measures

Investment tax relief rises by smallest amount in four years amid recent Budget measures

Bowmore Financial Planning research

Jack Roach
clock 28 October 2026 • 2 min read
Defaqto to launch rating for newer funds and portfolios

Defaqto to launch rating for newer funds and portfolios

Combines Defaqto and RSMR expertise

Jen Frost
clock 27 October 2026 • 2 min read