A lot of people are losing faith in pension schemes. Some building societies and banks have closed down, taking peoples pensions with them and work pensions are not so good as they used to be.
Sometimes people just do not have the opportunity to pay in to a pension before they retire. This can mean that by the time they get to retirement age, many people only have a lump sum to help them get by. This can be a cause of worry because savings accounts do not pay out a lot of interest and it is not good to actually spend the lump sum as eventually it will be used up and there will be no money to live on.
This is why it is a good idea to consult with an IFA Nottingham. They will be able to help you to make the best decision with regards to where to put your money. They will help you to decide whether you need to put it somewhere safe, where it will only make a little amount of interest or whether to put it somewhere more risky where it will make more interest.
It is likely that they will advise you to spread the risk but with their knowledge, they will be able to give the best answer as to where to put the money to work the best way for you. It can be a lot easier to rely on them than to try to do all of the research yourself and they also get to know about products which may not be made available to the public directly. It can help you to find the right answer for your savings and help to give you the peace of mind that you need as you enjoy your retirement.