Retirement planning
Make a financial plan for your retirement
in partnership with Compare Wealth Managers
Find a wealth manager to help you plan your retirement
Whether you’re years away from retirement or already thinking about drawing from your pension, the decisions you make now could make a significant difference later.
MoneySuperMarket has partnered with Compare Wealth Managers to help you explore your options. You can compare wealth management firms, see how they work, and connect with a regulated professional if you decide to take the next step.
Do I need to start planning for my retirement?
The earlier you begin planning for retirement the better, but it's never too late to take control. You could benefit from the services of a wealth manager if you:
What is the best way to plan for my retirement?
There isn’t a single “best” approach. The right steps depend on your circumstances, goals, and attitude to risk.
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Review your pensions and savings
Take stock of all your existing pensions and savings to understand how much you’ve already set aside for retirement.
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Estimate your retirement needs
Work out how much you’re likely to need in retirement by considering your expected living costs and lifestyle plans.
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Decide when you want to retire
Consider the age you’d like to retire, and when your savings and pensions could realistically support that decision.
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Consider professional advice
Think about whether speaking to a qualified financial adviser could help you make clearer, more confident decisions about your retirement plans.
How can a wealth manager help me plan my retirement?
A wealth manager can provide personalised advice based on your financial position and long-term goals. Depending on your needs, they may be able to help with:
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Pension consolidation
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Investment strategy and portfolio management
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Retirement income planning
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Tax-efficient investing
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Estate and inheritance planning
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Ongoing reviews to keep your retirement plan on track
Is my money safe with a wealth manager?
In the UK, financial advice and wealth management services are regulated by the Financial Conduct Authority (FCA). Regulated firms must meet strict standards around advice, transparency and client protection requirements. Before working with any adviser, you should:
Frequently Asked Questions
What’s the difference between a financial adviser and a wealth manager?
The terms are sometimes used interchangeably. Generally, wealth managers focus on managing investments and broader financial planning, often for clients with larger portfolios, while financial advisers may cover a wider range of financial products.
Do I need a minimum amount of money to use a wealth manager?
Some firms require a minimum level of investable assets, while others do not. You can review firm criteria before making contact.
Can I manage my pension myself instead?
Yes, many pension providers allow you to manage investments directly. Professional advice may be helpful if your situation is complex or you’re unsure about risk or tax implications.
Will I be obliged to sign up if I enquire?
No. Making an enquiry does not commit you to using a firm’s services. You should only proceed if you’re satisfied with the advice, costs and service offered.
Is retirement advice regulated?
Yes, regulated financial advice in the UK must be authorised by the Financial Conduct Authority (FCA).
Are there any fees or costs of using a wealth manager?
Wealth managers typically charge for their services. Fees vary depending on:
The size of your portfolio
The type of advice provided
Whether you require ongoing management
The complexity of your financial situation
Charges may include:
An initial advice fee
An ongoing percentage-based management fee
Underlying investment fund charges
You should always receive a clear breakdown of costs before agreeing to any service. If you’re unsure, ask the adviser to explain how fees could affect your returns over time.
Reviewed on 30 Mar 2026 by
