Final Salary Pension Transfer Service

If you meet all the following criteria, we will most likely be able to offer you full final salary transfer advice:

• You are a deferred member of the scheme (ie you have already left the pension).
• You have a transfer value of £100,000 or more.
• You are at least 54 years old.
• You are under 54 years old and your life expectancy is severely limited.
• You are resident in the UK.

Final Salary Pension Transfer Advice Options

Final Salary Pension Transfer Client Education Guide

Should you get in touch with us regarding the possible transfer of your pension, and before we discuss your particular situation, we will send you our Client Education Guide (you can also request our guide here). The purpose of our guide is to help you better understand your scheme, including the benefits and drawbacks it might have, and it should help you decide on whether you want to take advice or not. It covers the following:

• The main differences between a defined benefit (final salary) and a defined contribution pension.
• Comparison table comparing some of the features of a defined benefit pension scheme with a defined contribution pension scheme.
• What you should consider before taking advice
• What advice we can offer you.
• The difference between ‘abridged’ and ‘full’ advice.
• What the next steps are.

We do not advise on current membership of a defined benefit pension scheme where the member is still employed and accruing benefits in the scheme. You must be a deferred member before we can advise you on the appropriateness of a transfer.

Useful links:

Pension Transfer Gold Standard

We did this because we want our clients to better understand what ‘good advice‘ means in the area of final salary transfers, and for them to be confident we offer advice in an ethical and professional way, with their best interests at the very heart of what we do.

If you come to us for final salary transfer (db pension) advice we will:

• Help you understand the implications of a final salary transfer, so you can decide whether taking advice is appropriate, before you take it and incur any costs in doing so.
• Ensure that the advice supports your overall wellbeing in the context of your stated objectives, needs and wants.
• Use appropriately qualified technical skills to advise on whether to transfer, and what to transfer into, in order that you have the best chance of meeting your objectives.
• Only recommend mainstream investments from regulated investment companies.
• Be fully transparent and take necessary steps to ensure that you understand all the costs involved.
• Draw your attention to any Conflicts of Interest in giving pension transfer advice and how these are managed in your best interests.
• Share with you our experience and the outcomes of advising people on final salary transfers.

Read more about the Pension Transfer Gold Standard… Pension Transfer Gold Standard Guide

*The Personal Finance Society is the professional body for the financial advisory profession in the UK, whose role is to promote ethical behaviour, high standards of professionalism for technical knowledge and client service for the ultimate benefit of the profession and consumer alike. It is part of the Chartered Insurance Institute, the world’s largest professional body dedicated to insurance and personal finance that seeks to ‘secure and justify the confidence of the public’.

Transferring out of a Defined Benefit scheme is unlikely to be in the best interests of most people.
The value of an investment can fall as well as rise and you may get back less than you have invested.