Pension transfers and pension switches are complex areas that require careful consideration

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:

  • Final Salary Pensions
  • Occupational Pensions
  • Personal Pensions and SIPPs
  • Pension and Divorce advice

Whether a Final Salary (defined benefit), Occupational or Personal Pension scheme, irreplaceable pension features can be lost on transfer, such as:

  • Guaranteed annuity rates to convert your pension pot at retirement
  • Guaranteed minimum funds at retirement
  • Loss of terminal bonus
  • Life assurance
  • Greater tax free cash
  • Spouse Benefits

Furthermore, some pension funds will have contractual penalties and reductions in fund values on transfer.

Transfer Advice

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 be proceed with.

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