Latest News

Pension Funds Explained

24th March 2017

A pension fund is a type of investment that members who’ve signed up to the scheme pay in contributions, to build up a lump sum so that upon retirement they’ll receive an income. Pension funds are the biggest investors in the finance industry which goes to explain why decisions around what assets to buy and sell has a huge impact on the markets.

Pension funds are a means to providing you with an income upon retirement. It’s these funds that invest money in assets that give a return in the long-term future. This is due to each of the pension scheme members trusting that their fund will give them enough money on retiring to secure a satisfactory annuity.

An annuity is a financial product that guarantees the owner a fixed annual income for a certain period.

Essentially, there are two types of pension schemes to choose from:

1) Defined contribution pension schemes
With this option, you can build up a pot of money that provides you with an income in retirement. The income you may get from a defined contribution scheme is dependent on the amount you pay in (your pension contribution), the fund’s investment performance and the decisions you make once retired.

2) Defined benefit pension schemes
This pension scheme pays out a secure income for life that increases with each year.
If you’ve worked for a large company or in the public sector, you’ve possibly already got one. With this scheme, you can also contribute. A great benefit of this type of pension is that they normally continue to pay a spouse, civil partner or children after your death.

Having an appropriate pension scheme allows you to plan for your retirement, giving you peace of mind that your future financial needs will be met.

Whether you are after advice pertaining to your own pension or are a business client looking to set up a workplace pension scheme, our skilled advisors have the information and expertise that you need.

Contact us today to find out more.

Return to news page
Gold star Gold star Gold star Gold star Gold star
"We really like the people and services provided at IMC. We've been using them for 6 years and they are incredibly helpful and attentive. Really Great!"

Richard Curen , Nov 2018

Independent review from Google
Gold star Gold star Gold star Gold star Gold star
"Totally recommend
Excellent company to work with, Jacqueline Elliot has dealt with numerous mortgage reviews for us and always reminds us in plenty of time to renew and make the proceeds as easy as possible. Can not recommend highly enough."

LeighM-33 , Dec 2018

Independent review from Yell
Gold star Gold star Gold star Gold star Gold star
"Andrew Francis has just completed a re mortgage for me on a property I own in London. I live in Bournemouth so good communication is really important. Andrew and Jennie have been excellent during what was a protracted transaction due to the additional requirements from the lender and their appointed conveyance solicitors. Despite unhelpful delays by the lender , I felt IMC were always on hand to negotiate on my behalf and bring the transaction to as swift a close as possible. My cousin is an IFA who I'd naturally automatically go to for advice and products but he recommended I stick with IMC as he couldn't better the deal and lenders they had available. I normally begrudge paying a fee to an IFA when I know they will also be paid by the lender but to be fair in this case, they earnt it and some! Thanks guys. I'm now £600 pm better off for the next five years ! 👍🏻😁 Chris Amey."

Christopher Amey , Oct 2019

Independent review from Facebook
Gold star Gold star Gold star Gold star Gold star
"Our mortgage adviser Andrew Francis is brilliant. When we first met him we were first time buyers with very limited knowledge about the process of buying a first home in the UK. However, Andrew guided us through the process with his vast knowledge and professionalism. We had to recently re- mortgage our flat, Andrew got in touch with us well in advance he presented us with the best options for us and made the whole procedure painless. Of course, we were a lot more relaxed this time around, as we already knew that we are in good hands. Thank you for your help, Andrew!"

Vyara Panayotova , Feb 2020

Independent review from Google