Whilst the instinct is often for people to want to ‘merge’ all their pensions together, this is an area of planning where expert pension transfer advice really should be sought. Our pension transfer specialists in Leicester can provide bespoke, experienced advice. When considering a potential transfer we fully investigate existing pension arrangements and make a recommendation as to the most suitable course of action, which in many cases may be to do nothing.
We provide invaluable support to ensure you have peace of mind, and have the ability and experience to undertake review and pension transfer services for:
Whether a Final Salary (defined benefit), Occupational or Personal Pension scheme, irreplaceable pension features can be lost on transfer, such as:
Furthermore, some pension funds will have contractual penalties and reductions in fund values on transfer.
An experienced eye is needed in every potential pension transfer case. Our Chartered Financial Planners and Pension Transfer Specialists in Leicester will fully investigate the content of each pension plan and provide advice on the best course of action. When appropriate, we will advise if a pension transfer should not proceed.
The Financial Conduct Authority (FCA) introduced new rules in respect of defined benefit transfer advice effective from 1 October 2020.
We will continue to offer the full advice process if you meet all the following criteria:
If you meet all the above criteria, we can advise you on whether you should keep your benefits within the existing defined benefit scheme or transfer out to a new pension that we recommend for you.
Please note, we will not arrange a transfer for you if we recommend that you should remain in your existing scheme.
Our charges for this full advice process are £3,000 plus 1% of the Transfer Value, subject to a minimum fee of £5,500 and a maximum fee of £10,000. All fees are subject to VAT and are payable if we recommend you transfer or not.
If you are interested in considering a transfer from a defined benefit scheme, please watch our three videos highlighting the guarantees provided by these schemes and our advice process.
“At Boolers, you know that things will be dealt with properly and professionally. A real safe pair of hands!”
“I have always found the quality of advice, technical knowledge and level of service is second to none. ”
“Thank you to all of you for such a wonderfully smooth transaction! Hope we can do it again some time.”
“Boolers provided excellent advice when we needed it most.”
“Boolers have provided myself, family and business with pension and investment advice for over 30 years and continue to provide a high quality professional service to us all on an ongoing basis.”
“Chris Ball has been our Financial Adviser for many years and, from the start, we have been impressed with his strategic sense, his deep knowledge and his skills in helping us build our own successful retirement. He understands our aims and how to achieve them and has taken great care of us throughout. ”