Ted's story

Ted’s story

 

When the government changed the ruling around when you could access your pension I began to think about taking mine out of my company scheme and investing it, rather than leaving it until retirement and risk not being able to hand it down to my children.

A few of my colleagues at work went through a similar thing and used big companies, but I wanted to use someone local. I knew of Oakworth Financial Planning because my wife used to work at the school near their office. I went to meet Richard and liked their approach. 

Oakworth Financial Planning don’t carry out pension transfers themselves – they appoint a third party to do this on their behalf. But they’ll advise you on your finances as a whole.

Retirement is a big step in life

I’d worked in electrical engineering for 40 years and imagined I’d retire at 65, but at 60 I’d had enough. I’d seen too many changes in that time and was coming under too much pressure. I’d done my bit for the company and seen other people wait until 65 to retire, only to then find they had health problems, or had died soon after, and never got to enjoy it.

I didn’t want that to be me

But when you finally come to it you’ve got so much to weigh up. How do you know you’re doing the right thing? You want to know how you can make it work for yourself and your family.

Richard went through everything in detail first – he asked what my outgoings were and what I wanted to do in retirement. I mentioned that I wanted to buy a new caravan and be able to take a few holidays a year.

What I like most is that they’re clearly a family business. They’re not pushy, they give you time to go away and think about what they’ve said, to read up on it, and come back to them in your own time.

I was used to getting a yearly pension statement which told me the value of the fund as it went along, but I had no idea if it would be enough to enable me to retire early and enjoy it. So it came as a big relief when Richard explained that we’d have enough for all that, so we decided to go for it.

We paid everything off – the house, everything – and used some of the capital to buy the caravan. This means that we have complete peace of mind now.

Oakworth Financial Planning are a family business

Working with Oakworth Financial Planning wasn’t as complicated as I thought it might be. Some of the companies out there are too distant, they’re big conglomerates, whereas Oakworth Financial Planning are very approachable.

What I like most is that they’re clearly a family business. They’re not pushy, they give you time to go away and think about what they’ve said, to read up on it, and come back to them in your own time.

They seem to work as part of a team – all their staff are friendly and approachable, and if I have an issue Richard’s always available and comes back quickly with an answer.

Exceptional service

They also go the extra mile for you. At one stage I was having issues with Inland Revenue so Richard looked into it for me and worked out that the tax code they’d given me didn’t tie up.

He told me what the code should have been and advised me to explain things in an email, giving me a few pointers. Instead of getting passed from pillar to post, which was what had been happening, I got an answer in two weeks. Now I’m much better off.

Oakworth Financial Planning are a friendly, approachable business, but professional too. My cousin now uses them and I’ve recommended two or three work colleagues, and will continue to recommend them to others.

MORE CLIENT STORIES

“You get the feeling that no matter how much you have, they would give you the same level of service, and that they just want to do their best for you.”

“I’d done my bit for the company and seen other people wait until 65 to retire, only to find they then had health problems… I didn’t want that to be me.”

“At the same time as having our little boy, we also lost a good friend very suddenly, which made us think: what if something happened to one of us?”

Get in touch

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0800 018 6020

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