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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A pension transfer can often breathe new life into what has become an out of date, underperforming and inappropriate asset.

 

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  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

 

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Transferring Your Money From A Defined Benefit Pension Scheme
March 31st, 2011 | Pension Transfer

Defined Benefit ContributionThis type of pension scheme normally ensures that you receive a fixed percentage pension which is calculated according to your pensionable service and last salary when you finished working for the company or decided to retire.

There are other benefits:

 Your dependents can receive benefits if you die before retirement.
 Your pension may be calculated with regards to service you might have given the company as opposed to service you did give that was cut short because of bad health.

Even the calculation of your pension transfer could lose or save you a lot of money. Rather than be calculated based on money invested in the defined benefit scheme by you and your employer, the value of the transfer is based on how much you are entitled to under the terms of the scheme. Transferring to a defined contribution scheme is a risky business because you will be waiving any money you were entitled to without knowledge of what benefits you will get until the time comes to take them.

With the help of a financial advisor, you will be able to see what benefits you will be losing via a transfer value analysis report. It is also possible to find out if the transfer will cause your benefits to increase or decrease compared to what you would have received on your old pension scheme. Those who are involved in the above pension scheme with their employers will almost certainly be advised against a transfer.

On rare occasions, an advisor may recommend a transfer because analysis of the employer’s scheme shows that it is not completely funded and might not meet its liabilities. If this is the reason for a potential transfer, it is imperative that you discuss matters fully with a financial advisor because it is a complex area that only professionals understand completely.

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:

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