Choosing a financial adviser

Did you know that the Company will pay £600 towards independent financial advice if you’ve been a member of the Plan for five years or more?

Getting some independent financial advice when you’re choosing how to use your retirement savings can really help you to understand what’s going to be right for you.  A financial adviser will aim to understand what you want from your retirement, what other savings you have, and what you feel most comfortable with.

Make sure you choose wisely. Key things to look for in a financial adviser are that they are:

  • Regulated by the Financial Conduct Authority
  • Independent of any particular product or provider so that you get impartial advice
  • Specialists in retirement advice

You could start with PensionWise, the Government’s free advisory service which can give you guidance, has lots of information about the different ways you can use your retirement savings and information about tax and the State pension.

MoneyHelper has a directory of retirement advisers that might be a good place to start if you want one-to-one advice. 

Alternatively you can go to where they have a directory of over 2,000 independent financial advisers, and you can simply put in your postcode to find one near you.

Remember you can claim £600 towards the cost of this advice from the Company.

As this is a one-off opportunity - you can only claim the £600 once - it makes sense to use it when you're serious about retiring and taking your money from the Plan.  All you have to do is to send the invoice from your financial adviser (up to this amount) to the Plan administration team for payment.

Your financial adviser does need to be authorised and registered with the Financial Conduct Authority.

If you do seek financial advice and either your adviser or you have any queries about the Morgan Sindall Retirement Savings Plan, or if you’re unsure of anything they are advising you about that relates to the Plan, it’s always a good idea to check back with the administrator of the Plan. You can contact them here.


No reputable financial adviser will ever cold call you or contact you out the blue offering a free pension review.  

Be careful with your retirement savings and make sure you only deal with advisers who are regulated by the FCA and are also retirement specialists.

If something sounds too good to be true, it probably is!