Quantitative Easing Your Annuity Income
Will inflation rear its ugly head and hammer the value of fixed annuity income?

Pensions Deficit Tops £300 Billion for FTSE 100 Companies
More than £300 billion is needed by pension scheme trustees of FTSE 100 companies to plug deficits in their schemes more than double the estimated aggregate deficit of £130 billion at the start of the year, according to new estimates.

State Pension Payment Alert
About a quarter of a million people who make voluntary National Insurance contributions (NICs) each year should think again, the government has said.

Final Salary Pension Cuts
A large pension consultancy firm – Aon recently announced that it plans to cut its contributions to its workers' pensions.

Pension Transfers

Pension Transfer - please fill in this short form now >

Transferring your pension can benefit you in many ways. Talk to us now about Pension Transfer and how you might improve your pension.

If you have a work pension or a personal pension then you need to speak to us now. We will check your pensions are giving you the benefits you want. If they are not then you may want to consider a pension transfer.

Now It is common to have multiple jobs throughout the course of your working life and by the time you reach retirement you will have various “ Pension Pots” that will have to be dealt with. Do you really know what pension benefits you’ve got?

The majority of employees on leaving a job receive a pension statement showing the pension benefits that they have built up and simply file it away. Every so often a pension fund valuation or update will be received and whilst many people think “ I must do something about that pension”, not many do.

In the right circumstances transferring all of you pension benefits to one pension that is under your control can be beneficial. For example:

Easier to keep track
Death benefits can be tailored to suit your circumstances (particularly useful if you are in ill health)
You may not trust an ex-employer to look after your pension benefits
Wider selection of investment options
Benefits can be taken in a more flexible way. For example a tax free cash sum can be taken from the age of 50 without the need to retire. (This changes to age 55 in April 2010).
You can purchase an annuity if you wish or you can draw direct from your pension fund and put off buying an annuity temporarily or permanently.
You may have preserved benefits in an old final salary pension scheme and want to transfer them to your new final salary scheme
You may have a personal pension which does not offer the fund choice you want
You may have a personal pension invested in a with profits fund

The decision of whether to transfer your pension benefits depends upon a number of things including your individual circumstances, your financial planning priorities, your attitude to investment risk, intended retirement age and the list goes on. You also need to consider the nature of the pension benefits that you hold under your old employer’s pension scheme. Do they have guarantees?, if you take early retirement is there a penalty?, what are the death benefits?, is the transfer value a fair representation of the pension benefits that you have built up? Again, the list goes on.

Should you wish to consider a pension transfer, the first stage will be to obtain personal information about you and then detailed information about the pension benefits that you have. We will then consider all of the options open to you such as leaving the benefits where they are, transferring to another employer’s scheme, transferring to another type of individual arrangement and present you with a written report summarising your options and our recommendations.

Contact Form

Pension Transfers

Pension Transfer - please fill in this short form now >

01732 881188 - Pension Transfer