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:
- Occupational Pensions
- Personal Pensions and SIPPs
- Pension and Divorce advice
We no longer advise on Final Salary (defined benefit) pensions.
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
Our Financial Planners will fully investigate the content of each pension plan and provide advice on the best course of action.
If you would like us to review and advise you on your existing pension benefits, please contact us.