Benefits Of Reviewing Insurance, Investments & Pensions

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Introduction

Reviewing your insurance, investments, and pensions regularly provides several important benefits, both for protecting what you have and growing your wealth.

Here are some of the benefits;

1. Ensure Adequate Protection (Insurance)

• Life changes (e.g., marriage, children, buying property) may require more or different cover.

• Prevents being over-insured or under-insured, which can waste money or expose you to financial risk.

• Allows updating beneficiaries, contact details, or policy terms.

• Ensures policies are competitive in cost and benefits compared to the current market.

  
  

2. Align Investments with Goals

• Keeps your portfolio aligned with your current financial goals, time horizon, and risk tolerance.

• Enables rebalancing to maintain proper asset allocation (e.g., reducing risk as you near retirement).

• Helps spot underperformance or opportunities to switch to better-performing funds or assets.

• Ensures your investment strategy still reflects your tax position and life stage.

  
  

3. Maximise Pension Growth

• Reviews ensure you’re on track for retirement and identify any shortfalls.

• Helps consolidate pensions to reduce fees and improve visibility.

• Allows you to take advantage of tax relief, employer contributions, or government incentives.

• Adjusts pension drawdown strategies for those approaching or in retirement.

  
  

4. Tax Efficiency

• Optimises use of allowances and wrappers (ISAs, pensions, bonds, trusts, etc.).

• Reviews can reduce inheritance tax, income tax, or capital gains tax exposure.

• Ensures withdrawal strategies are tax-smart, especially in retirement or when drawing from multiple sources.

  
  

5. Stay Compliant & Up-to-Date

• Keeps your plans in line with current legislation and tax rules.

• Incorporates any relevant product changes, fund closures, or regulatory updates.

  
  

6. Peace of Mind and Confidence

• Knowing your finances are reviewed professionally provides clarity and reassurance.

• Helps you make informed decisions, especially during uncertain markets or major life events.

  
  

Summary

Quigley Financial Brokers provides information on the benefits of reviewing insurance, investments and pensions.

Contact us today and book your consultation and see how Quigley Financial Brokers can help you choose the best options available.