Spencer Lodge on Retirement Planning

Right Now is the Best Time to Start Planning For Your Retirement by Spencer Lodge.

Spencer Lodge is Managing Director at Dubai based Fund Advisers, one of the leading independent financial services company in the United Arab Emirates. A self confessed workaholic, he has been operating at the very top of the international financial industry for over 18 years working for such organisations as the deVere Group and deVere and Partners.

Spencer Lodge

We chat with Spencer Lodge to get some great independent financial advice for expats, talk about life after deVere and Partners and his plans to grow Fund Advisers in to a leading worldwide financial consultancy.

Here’s what he said about  When is the Best Time to Start Planning For Your Retirement?

They say the best time to plant a tree is ten years ago, and the second best is right now. However young you are it is important to understand the negative impact that not planning properly for your retirement will have on you and your family. Even if you have just started your working life, it is essential to start thinking about making regular contributions to set you up for the future. The

younger you start to contribute to your pension, the more opportunity you will have to secure yourself an enjoyable retirement.

Unfortunately for those starting out in their career now, their retirement outlook looks bleak. They could be facing an uncertain future relying on company pensions instead of taking steps for themselves to secure a sizeable personal pension. As a result of the global downturn many pension schemes have huge deficits, meaning that a number of companies are closing final salary schemes

and even the majority of existing schemes have major solvency issues.

It pays to start thinking about your retirement options as soon as possible to ensure that you have enough to live on when you start drawing your pension. For example, if a 25 year old and a 35 year old started saving towards retirement with the aim to retire at 55, the 25 year old could invest £300 a month, while to create the same return, the 35 year old would have to save £803 a month.

You may feel that your retirement is a long way off and that you do not really need to think about it just yet. However, if you look at your pension in terms of how many pay days remain until your retirement at 55, you will see that you do not have long remaining to save an adequate amount.

About Fund Advisers

Fund Advisers is a large independent financial consultancy group with global operations

We work with international investors and expatriates to find financial services products that best suit their medium to long-term requirements for investments, savings and pensions.

With in excess of US $2 billion of funds under administration and management, Fund Advisers has more than six thousand clients in twenty countries. Our independence and ability to offer financial products that are tailor-made to fit an individual’s needs are behind our success, and our work ethic is without equal in the industry

As a result we now have offices in over six countries. You can find us in Abu Dhabi, Geneva, Johannesburg, Dubai, London, Brussels and Moscow among others.

Fund Advisers are a regulated, independent financial advisory wealth management brokerage. We are fully regulated within the territories where we have permanent offices.

deVere is a trading name of deVere and Partners (UK) Ltd