Protecting your family

Mr B retired in 2008 with a personal pension valued at £600,000 after taking tax free cash. He had worked hard all his life to build up this retirement pot and he approached The Pension Drawdown Company to discuss his options and then used the money to go in to a pension drawdown fund.

Unfortunately not long after his retirement Mr B died. However, his widow was relieved to discover that the pension pot could be transferred in to her name and she could continue to benefit from the entire fund value.

Had Mr B opted for an annuity when he retired, he would have had to have sacrificed almost a quarter of his annual income to purchase 100 per cent death benefit for Mrs B. This is because of the cost of building in this benefit to the annuity itself.

She now lives comfortably with a pension income equal to the amount her late husband drew and she is very happy knowing that when she dies the pension pot will be left to her three children.

Download our comprehensive pension options guide by clicking on the above image.

Financial Advisers

Jonathan Walker
Jonathan is the director and joint owner of the Pension Drawdown Company.

Robert Bolton
Robert is a practising Barrister and is also fully qualified as a Diplomaed Financial Adviser.

Bob Diamond
Bob is a Pension Specialist who has been with the company since its incorporation in 1996. Bob has been a financial adviser since 1989.

Andrew Ross
Andrew is a diplomaed financial adviser with a history in banking.

Roger Easterbrook
Roger is a diplomaed financial adviser with a background in Executive Search.

Click here for more team members.

Market Monitor

Updated: 14th May 2012

Heavy selling following the elections in Europe and banking woes in Spain resulted in markets ending the week lower. Weekend elections in Greece and France set a volatile tone and reminded investors that politics really matter in financial markets; political wrangling in Athens to form a government resulted in threats to unravel the country's bailout deal and raised the prospect of Greece exiting the euro area.

Global stocks had their longest losing period in six months during the week and the euro its worse run of daily reverses since 2008.

However, Thursday marked a turning point as investors cautiously returned to markets and risk assets showed resilience following $2bn trading losses at JPMorgan Chase (which also occurred on Thursday). In addition, the Michigan survey of US consumer confidence, which rose to a four-year high in May, also helped to provide support and end the week on a more upbeat note.

The increasingly gloomy outlook for the global economy sent commodity prices to their second week of losses, and gold retreated to four month lows. Weakness in the global economy drove demand for safe-haven government bonds, which pushed German bunds and UK gilts to record lows, while peripheral eurozone debt came under heavy selling pressure.

Important information: This update is intended to be for information purposes only.

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