Holly Mckay
Holly MackayFounder and CEO
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    Home • Digital Advice
    08 Jul 2021

    Destination Retirement

    Destination Retirement

    Destination Retirement

    Find out more about Destination Retirement's digital advice offering

    Visit Destination Retirement's website

    What we say

    How our rating works
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    • Destination Retirement is a trading name of HUB Financial Solutions, retirement specialists in the UK and part of Just Group plc - a FTSE-250 listed financial services company.

    • Destination Retirement is a retirement planning and advice service. It supports you with understanding how much money you’ll need to enjoy the retirement you want.

    • The Retirement Planner allows you to create a free, personalised retirement plan that helps you see when you could retire and what lifestyle you could afford. It produces an interactive report that forecasts whether your retirement plan might be affordable. You can then adjust your savings, lifestyle and timescales to create a plan that works for you.

    • You can speak with one of the UK-based Retirement Specialists at every step of the way, helping you understand your retirement options and work out the right plan for you.

    • If you choose to put your retirement plan into action, Destination Retirement offers a fully regulated Retirement Income Advice service. You’ll receive a recommendation and investment suitability report which helps ensure you don’t make costly tax planning mistakes or run out of money.

    • There’s no upfront cost to use the Retirement Income Advice service, there’s only an annual ongoing fee which is a maximum of 1.04% of the invested assets. This fee includes an ongoing advice fee, as well as platform and fund management charges (see table below).

    • Any annuity purchase will attract a separate arrangement fee of 2% of the annuity purchase price. This is a one-off fee with no ongoing charge (see table below).

    • As with any investment, your capital is at risk. This means that your investments may go down as well as up and you may get back less than you invest.

    Fees and charges

    Ongoing Advice Fee

    Platform and Administration Charge

    Fund Charge

    Annuity Arrangement Fee

    0.60% per year

    0.30% per year (0.20% for any amount above £250,000 per person)

    0.14% per year

    2% of the annuity purchase price

    Examples:

    £10,000 portfolio: £104 annual ongoing charge

    £100,000 portfolio: £1,040 annual ongoing charge

    Customer reviews

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    26 March 2022

    Really helped me to put together a plan step by step. Really helpful information and support. The planning tools, helping you to think about the future were excellent.

    Angela

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    06 February 2022

    Really helped me get confident about my transition towards retirement. It sort of helped me see into the future. Simple to use. Very powerful.

    John

    Destination Retirement

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    Important stuffHolly and the team have worked in the finance industry for many years but we are not regulated to give you personal financial advice. For every story on this website about a good investment, or something which went up by 10% or made someone £200, we could also share a story about a bad investment, something which fell in value or lost someone £200. We aim to provide general information and pointers – and btw we are totally agnostic about which providers you might pick – but if you have complex affairs, want personalised advice or need specific recommendations, please look at advice pages and see if regulated digital or traditional financial advice would be the best solution for your needs. Boring Money Ltd is a limited company registered in England and Wales under registration number 09459832 and we have our registered office at 10 Lower Thames Street, London, England, EC3R 6AF.
    Risk warningAs is always the case with investing, your capital is at risk. The value of your portfolio can go down as well as up and you may get back less than you invest. Tax treatment depends on your individual circumstances and may change in the future.
    Boring Money Ltd is a limited company registered in England and Wales under registration number 09459832 and we have our registered office at 10 Lower Thames Street, London, England, EC3R 6AF.
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