Pension Advice Pages
Home > Pension Guides > Pension Transfer > Pension Transfer, Advice, and Introduction

 

Pension Transfer

 

We introduce experienced advisors who support their clients in maximising pension assets.
A pension transfer is about reviewing and improving your biggest retirement asset.
The simple act of transferring your pension funds from one provider to another can have a huge impact on your financial wellbeing in retirement.
A pension transfer can often breathe new life into what has become an out of date, underperforming and inappropriate asset.

 

pensions annuities

pensions
                   
£   Please enter the total value of your pension. If your enquiry relates to a new pension enter your desired annual contributions

pensions


pensions

 

 

 

 

The age at which you are expecting to retire
pensions
pensions

pensions

 

 


 

pensions


 

Our Privacy Policy - Terms and Conditions


pensions

 

 

pension-providers

first step

 

  Pension Perfomance Reviews & Transfers

Amongst many other benefits, a pension transfer offers the potential to reduce charges, improve performance, ensure suitability and target your required income in retirement.

Don’t leave your retirement funds to chance!
Your single biggest source of retirement income should not be left to a game of chance that is influenced by a set of maybes…

        • Maybe my retirement income will be sufficient?
        • Maybe the fund I’m invested in is suitable?
        • Maybe my advisor did a good job when I set up the pension?
        • Maybe I’ll have enough income in retirement?

By exploring the potential to transfer your pension and taking your head out of the sand, you begin to take responsibility for your retirement income, you improve your knowledge and you take control of what is for most people, their single biggest asset.

You know your pension fund deserves it!

Explore transferring safely and securely with our pension transfer finder service.

Advisors and what to expect from the Pension Transfer Finder Service?

Our mutual goal is to support you in finding a suitably qualified advisor with good reputations that you can trust. In order to achieve this we will always encourage you to speak with and meet each of the advisors we introduce you to, ensuring that you make an informed decision and choose the right adviser for you.

We take the view that we wouldn’t allow an unqualified person to give us medical advice and we certainly wouldn’t allow an untrained pilot to fly us to our holiday destination. Pension Transfers require a qualified individual as recognised by the Financial Services Authority (FSA) and that is who we will introduce you to.

Pensions transfer advice can often be far from impartial or independent due to the large sums of money being invested. Therefore we encourage you to take your time interviewing at least two advisors by telephone, and will be happy to recommend alternative pension advisors if requested.

Good advisors will take the time to provide you with a detailed report outlining your transfer options, often referred to as a pension transfer analysis. Our pension finder service looks for great advisors who will take the time to ensure you understand the aspects of the transfer analysis that most affect your financial future and decision to transfer.

Basics are important to us and we need to be assured that clients will be supported and guided throughout the entire transfer process. This includes ensuring an advisor has suitable support in the form of a friendly and responsive administration teams.

Start the transfer processes by allowing us to introduce you to a suitably qualified pension transfer advisor – complete our form today

 

0
Pension Transfer, Advice, and Introduction
March 31st, 2011 | Pension Transfer

Pension TransferBelow is information designed to help you understand the ins and outs of pension transfers including its basic workings and why you may be better off financially if you transfer your pension plan. It involves information on transferring from one UK registered transfer scheme to another. However, we will not be covering transfers relating to occupational income drawdown plans.

The final article is a glossary of terms that will help you decipher all the transfer related jargon you may encounter.

Pension Transfers: What Are They?
A pension transfer simply involves moving the value of one pension scheme to another. It should be noted that once you leave a particular pension scheme, you lose all rights and benefits it contained.

Transfers ‘In Specie’
‘In Specie’ is just another way of saying ‘in actual form’. This means a transfer in specie involves the transfer of property or shares as they are. You do not have to cash in these assets when transferring them to another pension scheme.

Is Pension Transfer Advice Necessary?

Yes, you should seek assistance off a financial advisor because there is no guarantee that you will benefit from the pension transfer. This is because each person has different financial circumstances which means what benefits one individual will actually harm another. It is beneficial to transfer your pension when:

 You are leaving a pension scheme where the charges are much higher than the new scheme.
 A pension scheme is reaching a conclusion and increased transfer values are being offered.

A financial advisor will give you independent advice designed to give you the greatest benefit based on your current financial circumstances. Once given all your transfer information, they will be able to tell you if your new pension plan is superior to your old one.

What Pension Schemes Allow Transfers?
Do not begin the process of transferring until you are fully aware what benefits you will be losing. Defined contribution and defined benefit schemes are the two major occupational pension schemes.

Stakeholder and group personal pension plans are not deemed to be occupational schemes despite the fact they are considered to be defined contribution schemes. Not every type of pension plan is included in these articles.

If you haven't found all the answers that you are looking for you can find similar content in the Pension Transfer sections, contact an adviser at the top of the page, or you could try these related posts:

Pension Transfers: Section 32, FSAVC, Transfer Penalties, Advice
How To Transfer From Other Plans There are dozens of pension schemes where individuals may be better off transferring out of including: Section 32 Transfers Also...
Zurich
About Zurich Zurich Life Assurance is a member of Zurich Financial Services group which was founded in 1872 and currently has its headquarters in Switzerland. It...
Pension Transfer Advice- Exploring the Options
Pension transfer advice is a necessity because making the wrong move could cost you thousands. On the surface, it is a basic process involving switching/transferring...
Pension Transfer Guide
Sometimes an individual wants to transfer the pension pot he or she has built up in one pension or several pensions into another one. This is known as a pension...
Income Drawdown Section Introduction
Is Income Drawdown A Viable Option For You? Income drawdown is as complex as is it flexible so although it does offer pension holders a range of options, it can...