Our Process

We have a clearly-defined, thorough and tested retirement planning process

Step One:

Introductory meeting

The purpose of this meeting is:

To ensure your situation matches our retirement planning expertise.
To see if we are a good fit.
To explain the process we take our clients through at Pyrford Financial Planning.
To answer any questions you may have about us or the service we offer.

30 minutes

Step Two:

Discovery meeting

This meeting will be a chance for us to discuss your retirement goals, needs and concerns.

We will build a picture of your situation, and at the end of the meeting, if we are a good fit, we will discuss the next steps and the fees for our services should you decide to proceed.

1-2 hours

Step Three:

Initial Retirement Planning

This is a 4-stage process, looking at the following:

Stage 1: Person: We work with you to determine your objectives and the cost of your desired retirement lifestyle.

Stage 2: Plan: We build a financial plan to assess the feasibility of your objectives given available resources. We iterate as required.

Stage 3: Portfolio: We analyse your existing investments and build a portfolio that delivers the necessary returns to ensure your retirement is a success at a level of risk you are comfortable with.

Stage 4: We build a tax-efficient and sustainable withdrawal strategy to give you the confidence to spend money in retirement.

3-4 meetings

Step Four:

Ongoing Retirement Planning

A Nobel prize winner once said that retirement planning was the nastiest, hardest problem in finance, with the three future unknowns

Longevity
Inflation
Investment returns

making for a complex answer to what, on the face of it, seems like a simple question:

'Will I/we run out of money before I/we die?'

We make prudent assumptions during our initial retirement planning process, but the real-world reality is that financial plans are ever-changing.

Our ongoing retirement planning service ensures that your financial plan remains robust, flexible, and able to handle turbulent financial markets and unexpected life events.

Ongoing Planning Calendar

Our annual client service schedule is shown below. In addition, we offer unlimited access to your financial adviser throughout the year.

February

For those taking regular withdrawals, end of tax year top up.
For those taking an income next tax year, agree spending plans (source(s), amounts, timings etc).