Pension Transfer
Having a pension that has either high charges or poor performance could be damaging. Having both is disastrous! Pension Improvement Strategies aims to increase the value of your pensions at retirement by lower charges and better performance. Our specialist pension advisers will provide you with an INDEPENDENT, FREE, NO OBLIGATION initial review.
Your Pension Review
Our advisers will gather all the data about your pension - charges, performance, projected benefits, and any other relevant information. This will be analysed along with your personal situation and views to decide if we may be able improve your pension.
If we recommend you to transfer your pension, we will provide a report setting out why and where you should transfer to. Also, we will consider your age, planned retirement age, and attitude to investment risk and recommend which of the new provider’s funds you should invest in.
Click Here If You Would Like Us To Carry Out A Review For You…
You may benefit most from a review if you have –
- A pension you no longer pay into
- More than one pension scheme
- A retirement annuity scheme
- A personal pension
- A free-standing AVC plan
- A With Profits pension
- A pension you are dissatisfied with
- A pension with high charges or poor performance
- A pension used to contract you out of the State 2nd Pension (previously known as SERPS)
- A company pension scheme with a firm that has ceased trading
- A company pension scheme is being changed or closed down
High Personal Pension Charges
Stakeholder personal pensions became available in 2001. These are a type of personal pension where the charges are limited according to rules set down by the Government. Their introduction sparked fierce competition among personal pension providers so that there are now many low-cost pensions to choose from. However, many existing personal pensions still have complicated and uncompetitive charges. We can let you know if you have one of these, and how you might benefit from transferring to a low-cost pension provider.
With Profits Pension
With Profit pension funds have gained a bad reputation recently with some paying no bonuses to policies over the last few years. However, in our opinion it is not all bad news; some with profit funds have provided good returns and it would be unwise to switch from them. With profit funds can be complicated and don’t all work in the same way. This can make it difficult for you to understand how your pension has performed. Our review will help you understand your policy and decide if action is needed.
Poor Pension Investment Performance
Your pension fund is an investment where the growth is not certain and depends upon the skill of your fund manager(s). You probably get reports each year, but do you know whether your pension fund growth is good or bad compared with others. Our review will let you know this, and it will let you know how “risky” your pension investment is and whether this risk is suitable for you, taking into account your age, planned retirement date, personal circumstances and views. Please note that past performance is not a guide to future performance.
Our initial review is:
Independent – we are registered with the Financial Services Authority as independent financial advisers. As such we will aim to look after your interests, treat you fairly, and take care that any advice we give you is suitable for you. We are not owned by insurance companies or banks, and we have no links that prevent us from providing independent unbiased pension advice.
Free – we will review your pension and let you know if it might be improved and how. We will not charge for this initial service.
No Obligation - if we recommend you transfer your pension, you are not obliged to follow our advice.
If You Take Our Advice – we will be paid by a fee agreed with you OR commission from the provider we transfer your pension to, OR a combination of both. Moreover, we offer a long-term relationship with the aim of keeping your pension on track.
Click Here If You Would Like Us To Carry Out A Review For You…