As many people across the country feel the pinch of a rising cost of living, it’s more important than ever to keep your finances in good shape. One way to accomplish this is to avoid touching your pension or investments. While it may be tempting to dip into these savings to help make ends meet in the short term, it is critical to consider the long-term impact on your retirement plans.

Drawing down your pension or selling investments may leave you worse off in the long run, so weigh all of your options before making any decisions. Consolidating your old pensions into one could help you save money on management fees and get a better picture of your finances. However, before transferring your pensions, you should seek professional financial advice. Contact Woodward Markwell for further information and see how we can help.