Every Step of the Journey Covered.

We are with you, for the long haul.


Retirement isn’t a single, self-contained event. At Reeves, we’ve long recognised that it’s more a process and we’ve developed an approach to help guide our clients along every step of their journey.

Every client is different and we deal with everyone as an individual according to their circumstances, but there are four stages which tend to be common to everybody.

First, the client journey begins with an initial meeting where we get to know you and gain a thorough understanding of your circumstances and your aims. This is often a matter of helping a client clarify for themselves, for the first time, exactly what their long-term ambitions are. This first step is crucial to avoid the danger of drifting into retirement with no clear plan and no provision to achieve a plan.

It’s surprising how often at this stage that people find they can do more than they anticipated or earlier than they’d hoped.

Thereafter, it’s a question of managing the client’s retirement fund, ensuring that their investments grow as much as possible, while being secure. Our investment board meets monthly to review our investment strategy in the light of market conditions and, if as a result of that, we think any changes are necessary we contact you for your consent. In 2018, the Reeves portfolio outperformed the FTSE 100 by about 5%.

We have a range of portfolios which are appropriate for different clients, depending on their attitude to risk and how frequently they want to make investment decisions and adjustments. At the end of every tax year we can advise clients on using their tax allowances to maximise the benefit to their portfolio. Every client has a personal account manager whom they can contact at any time.

Third, we advise our clients when it comes to making those key retirement decisions. What income will I need, net of tax, to maintain a comfortable lifestyle? How soon can I afford to give up working? Can I ease myself into retirement by cutting down on my hours? Should I move into a smaller – or even, perhaps, a bigger - house in my retirement?

Finally, once a client has made the necessary decisions and has retired, we continue, through regular reviews and discussions, to ensure that their retirement fund is secure and preserving as much of its value as possible and that those retirement plans remain on track.

Take the example of one client: Simon McAloan. Simon, who was in his late 50s, had worked in well paid jobs for most of his life for a number of employers. He had considerable cash savings and multiple pensions in several funds. These pensions had little diversification and were not suited to his attitude to risk.

After talking to us, Simon became a client and we combined his pensions in our Balanced Tactical portfolio which was better suited to his risk tolerance level.

Thereafter, Simon, was given constant reviews on how his investments were performing and we constantly monitored the portfolio to make investment changes to generate better performance and pension growth than he would have received otherwise.

From when we first met him, Simon was thinking about reducing his hours of work. His hobby was carpentry and he had long dreamed of setting up a small business to do this on a professional basis, while continuing to work as an employee. There was a risk that the new business wouldn’t succeed and he needed the reassurance that his pension savings could make up for his reduced hours of employment. It was also possible that his employer wouldn’t agree to part time working, so, again, he needed to know that he could rely on his pension fund,

We advised Simon to build up his pension pot by making annual contributions from his cash savings, up to his £40,000 annual allowance, taking advantage of the tax benefits.

The result of this was, that by the time Simon was 62, he was in a position to fulfil his ambitions. His retirement fund had grown to a sufficient size to allow him to realise his ambitions; he set up his business and went onto a three-day week.

Now, although Simon is only in partial retirement, we review his income management to save on his tax bill. We have moved funds to a short-term portfolio to safeguard three years’ worth of income and we conduct regular six-monthly reviews and retirement planning session with him. We have also produced and managed his ‘death plan’ which includes wills and estate and IHT planning.

Retirement is not something that can or should be done overnight. It’s too important for that. It’s a long and complicated business, which has to be planned for, carefully managed and then it has to be recognised that it’s an ongoing process. At Reeves, we are experts in this.

Reeves Independent offers a free review of your pension situation. Click the button below to get started.


These articles are for information only. These articles are based on specific clients and their situation may be different from yours. No advice should be conferred from the articles. No action should be taken without independent professional financial advice as any actions on your pension may be irrevocable and have a big impact on your income in retirement.

Refining our Client Service

February - A Month of Improvement


February is often a month we struggle through, waiting for those lighter nights and warmer days.  It was the Romans, who gave us the month of February, they saw this second month of year in a positive light, as a period of purification and reflection, or review and improvement.

It has certainly been a month of improvement at Reeves Independent, bringing together ideas from our year-round process of reviewing and re-assessing our service. This has resulted in some structural changes in how we manage our diverse client base.

Our improvements at Reeves reflect the different requirements our clients have, dependent on their stage in the retirement journey. These changes have already been implemented and, if you’re already a client, you won’t have noticed a difference as it has been a seamless process. However going forward, it will enable us to provide an even more targeted and bespoke service.

We have placed our clients using three stages of the retirement journey:

  • Growth – normally younger people who have many years of work before them and are building up their retirement funds;
  • Pre-retired – normally up to five years before retirement, when aims need to be clarified and plans put in place;
  • Retired – continued management of funds and review of plans and performance.

Reeves clients in each category will benefit from the work of a dedicated team who are highly trained in that field and in that stage of the process.

These changes follow hard on the heels of our expansion into our new headquarters in Gosforth, Newcastle. This includes a drop-in centre, giving clients the opportunity for face-to-face meetings in a comfortable, bespoke environment. We also have plans over the next few years to open some satellite offices in other key areas of the UK.

Reeves’ drive for ongoing improvement – or purification and renewal – led to us being ranked among the country’s leading financial advisers, when we were included in the prestigious Financial Times Adviser Top 100 Financial Adviser awards, ranking us in the top 0.5% of advice firms.

In a separate category Reeves was also ranked as ninth in the UK for firms with less than six advisers, making Reeves Independent the top firm in the North East with six or fewer advisers.

Anyway, that’s enough about us – what about you? What have you done in February by way of purification and renewal?

How about engaging with us for your end of year tax planning or to take a look at your retirement and pension provisions.

Reeves Independent offers a free review of your pension situation. Click the button below to get started.


These articles are for information only. These articles are based on specific clients and their situation may be different from yours. No advice should be conferred from the articles. No action should be taken without independent professional financial advice as any actions on your pension may be irrevocable and have a big impact on your income in retirement.

New Job – Let us Know

New Job? Tell us about it and make sure you don't lose track of old pensions.


New Year. New resolutions, new goals and often a new job. Just like many things in life, this creates new changes. And your pensions are no different, so they’re not to be forgotten about.

A new job could mean a significant shift in financial circumstances and probably some change to pension arrangements. It’s something that many people forget about amid many things that pile up on your plate. But forgetting about your pensions could be dangerous to your long-term retirement goals. If you have changed jobs before, have you kept track of any pension savings you built up with previous employers? If the answer is no, the new year is the perfect opportunity o change your habits.

Switching jobs means your benefit package changes, meaning you will take with you a pension that is no longer ‘live’ or receiving contributions and more importantly, advice. The job you are moving to will have its own package, including a new pension scheme.

By law employers now have to offer employees a company pension and some experts now fear that in the UK there will soon be millions of “stranded pensions”, where people have lost track of what they have saved. Many will only wake up to this when they approach retirement. This is not some remote scenario that might happen far into the future. The Association of British Insurers (ABI) estimates that more than 1.6 million pension pots worth £19.4bn are already “lost” – the equivalent of £13,000 per plan.

So, if you’re changing jobs, this is a good time to review your retirement plans and ask yourself some questions. When do I want to retire? Am I saving enough? Do I need to transfer my pension? If I have more than one pension pot, should I consolidate them into one? Do I know how many pension schemes I have?

Here at Reeves, we’ll be happy to help you with all of these questions and probably suggest a few others. There’s a lot of things to take care of when you start a new job, but do take the time just to send us an email to let us know, so we can take steps to try to ensure your pension arrangements are in order.

Let’s look at how we helped one of our clients, Daniel Norman, when he swapped jobs.

When Daniel gained new employment, he contacted us, and we reviewed his arrangements. He thought that his previous employer’s financial consultant had consolidated all of his pensions, but we found that one of the pensions – his biggest, into which he had paid for 14 years - had been forgotten. We undertook various searches and tracked it down and secured him about £60,000.

Changing jobs is an important step. It’s one of those key events in your life – along with birth, marriages and deaths – that’s going to have big implications for your financial and retirement planning. Just remember, amid all the excitement, to let us know about it.

Reeves Independent offers a free review of your pension situation. Click the button below to get started.


These articles are for information only. These articles are based on specific clients and their situation may be different from yours. No advice should be conferred from the articles. No action should be taken without independent professional financial advice as any actions on your pension may be irrevocable and have a big impact on your income in retirement.

Life-Changing Financial Advice

A chat that changed a life.


You chat to your friends, family and work colleagues almost every day. Conversation makes the world go around. Whether that’s a tiny natter about trivial matters or in-depth conversations about serious matters. Some people are scared to talk about things that could affect them. But talking makes everything better and it’s true: sometimes a simple conversation can change your whole life.

A straightforward discussion was of enormous benefit to one of our clients, Martin Wright. Martin wanted a bigger house but thought this wasn’t possible. That was until, of course, he had a chat with Reeves.

We conducted our review of Martin’s situation and circumstances - and were able to offer some expert advice which was transformative to Martin and his family.

He had had a successful career and worked as director of a large Midlands manufacturing company. The transfer value of the pension in his employer’s scheme was £2.5m and he had amassed about £200,000 in cash savings. This was more than adequate provision for a comfortable retirement as he had a simple lifestyle, with no great expenses and indulgences. He had also still lived in the same modest house that he had bought when he was in his 20s.

On review of his retirement planning he highlighted a desire to buy a bigger house. However, he had always felt his resources did not allow for this. We recommended that he use some of his pension and savings to buy a bigger house. He followed our advice, took part of his pension as a tax-free lump sum and was able to buy a house worth £650,000 fulfilling his desire.

Until he had this conversation with us, Martin thought he was going to live in the same house in his retirement and live off his employer’s pension for his income needs only. Our review instead allowed him to take stock of his situation and make radical changes to his retirement plan, upgrade his home and be secure in the knowledge that he will be leaving more money. It also made him aware that he could achieve all these things and have the option of early retirement.

Having a chat with Reeves might open up a whole world of new possibilities for you, just as it did for Martin, and it might mean a significant enhancement to your lifestyle. Not everyone wants to retire early, but the knowledge that it’s possible can be extremely liberating: working because you choose to work, rather than because you have to.

Not talking to others about retirement planning means that you might not have a plan and that you might not know what you can do to improve that. Martin didn’t know the rules or what his options were. Just showing him what his options were opened his mind to all these new possibilities.

Reeves Independent offers a free review of your pension situation. Click the button below to get started.


These articles are for information only. These articles are based on specific clients and their situation may be different from yours. No advice should be conferred from the articles. No action should be taken without independent professional financial advice as any actions on your pension may be irrevocable and have a big impact on your income in retirement.

Reboot Your New Year.

End of year tax planning. Could you recoup enough tax to pay for your summer holiday?


We’re now well into January, the festive season is a distant memory and, odds are, your New Year resolutions have fallen by the wayside.

Why not reboot your New Year? Start looking forward to your summer holiday and, while you’re about it, why not get the taxman to pay for it by doing a little end of tax year planning and making use of all available allowances, which could net you thousands in regained tax.

At the time of writing, we’re only a few days away from formally leaving the European Union and thereafter the future is uncertain. At Reeves, we can’t control that, but we can help you with your tax planning. We want to make sure that our clients are using all the tax allowance opportunities that are available to them.

Let’s take a look at how we helped one of our clients, Graham Rouse, save thousands in tax through our expert advice.

Graham earns £100,000 a year and has £100,000 in cash savings. On our advice, Graham is paying £80,000 into his pension fund. This will gain an immediate £20,000, added by HMRC in the form of pension tax relief. Because he’s a higher rate taxpayer, he can also claim back another £10,000. Now, rather than sitting in his bank account, earning a derisory rate of interest, which is taxable, the money in his pension enjoys tax free growth. Also, his pension fund sits outside of his estate for IHT planning, so that if he was to die, his family can inherit it tax-free.

It’s worth pointing out here that it’s not only people such as Graham, who are financially comfortable, who should do some of end of tax year planning to take advantage of allowances. Even somebody who has earned no money in the year can pay £2,880 into their pension and receive £720 off the taxman straightaway. Similarly, somebody earning £10,000 a year or less, perhaps in the run-up to full retirement, can make a pension contribution and get relief, even though they won’t have paid any income tax in the year.

We then advised Graham to pay the remaining £20,000 into his ISA, making full use of the annual allowance. This can grow and earn dividends free from income and capital gains tax.

Glen Moore, who owns his own company, has reached his lifetime allowance for his pension of £1,055,000, so can’t make any more contributions himself. On our advice, his company has made a contribution of £80,000 into the pension scheme of his wife, who is also an employee/director of the company. This is a way of generating extra value in retirement from the business to benefit their family without incurring any additional tax liability. Paying into an employee’s pension is an allowable business expense and can be used to reduce the company’s corporation tax bill. 

Graham and Glen have done their end of year tax planning and so have laid the foundations for a prosperous New Year - even if they did break all their resolutions.


These articles are for information only. These articles are based on specific clients and their situation may be different from yours. No advice should be conferred from the articles. No action should be taken without independent professional financial advice as any actions on your pension may be irrevocable and have a big impact on your income in retirement.

Reeves expands into iconic new Head Office.

Reeves Independent has recently completed its expansion into a landmark building in Gosforth. 


The building, at 30 High Street, Gosforth, known locally as the Old Bank, originally having been home to the Midland Bank, is one of the area’s best known commercial properties.

It now forms the headquarters for Reeves Independent, giving us a prominent high street presence and offers welcoming and convenient place where new and existing clients can visit us to discuss their pension and retirement needs.

Our original property, also on the High Street, will be retained as our National Client Advice Centre, from which we will service our clients in the rest of the UK.

We also have plans over the next few years to open some satellite offices in other key areas of the UK.

Reeves has always focused on providing the best possible service to our clients, rather than investing in plush offices. However, as the business has grown on the back of that quality of service, it has become necessary to expand our physical presence. The new office allows us to enhance our service levels even further, while giving clients the opportunity for face-to-face meetings in a comfortable, bespoke environment.

We look forward to welcoming you here.

Reeves Independent offers a free review of your pension situation. Click the button below to get started.


These articles are for information only. These articles are based on specific clients and their situation may be different from yours. No advice should be conferred from the articles. No action should be taken without independent professional financial advice as any actions on your pension may be irrevocable and have a big impact on your income in retirement.