As specialists in retirement planning with a proven history of providing sound financial planning advice, we’re well placed to advise on Final Salary/Defined Benefit pension transfers.
The benefits offered by a Final Salary scheme mean that transferring money out is a decision that can only be made after careful consideration of your financial circumstances, retirement plans and what your future may look like if you decide to transfer compared to taking benefits from your scheme.
Should You Transfer Your Final Salary Pension?
Our advice process takes a comprehensive look at your circumstances and one of our specialist financial advisers will discuss with you your future plans and current financial position with a view to providing an appropriate recommendation.
The outcome of our advice process will either be a recommendation to transfer or to keep your current benefits.
Pensionlite Subscribes to the Pension Transfer Gold Standard.
Subscribing to this standard commits us to upholding an exceptionally high level of competence and to affording you the highest level of client satisfaction.
The Pensionlite Advice Process
Whilst obtaining financial advice can seem daunting at first, we aim to simplify and streamline your experience with us and take away any unnecessary hassle. Our financial advisers and support teams have years of experience that allows us to provide a service that is comprehensive without being cumbersome.
Step 1: Information Gathering
We’ll invite you to an initial consultation over the telephone in which we ensure you understand the advice process and gives us the chance to gather the information we need from you. This allows us to build a picture of your financial circumstances.
At this point, we arrange to send the relevant documents to you that allow us to provide you with financial advice. Once you receive, sign and return these, we will be able to begin the advice process.
We will also let you know which documents we need from you.
Step 2: Consultation with an Experienced, Specialist Financial Adviser
We’ll arrange a convenient time for you to speak directly to one of our experienced advisers who will have been provided with the information from your initial consultation.
At this point, we’ll be able to discuss the finer points of your intention to transfer your Final Salary scheme so that we can be confident we’re providing advice that is the right fit for you.
We also explain what we will do next and if there is any further information we require from you at this stage.
Step 3: Report Created & Decision Reached
Your adviser will create a detailed report explaining why we believe a recommendation to transfer is appropriate for your circumstances or if it is in your best interests to retain your existing scheme benefits.
You will of course be able to discuss this report with your adviser.
Client Self-Triage Document
Because there is a cost to receiving advice with regards to a Final Salary/Defined Benefit pension transfer, it’s important for you to understand the criteria that needs to be met for us to consider recommending a transfer.
This client education guide has been created by Quilter Financial Planning to provide a comprehensive overview of the factors we have to take into account.
Please don’t hesitate to contact us if you have any questions.
Why Choose Pensionlite for Your Final Salary Pension Transfer?
Chartered Financial Planner Status
Our Chartered Status means we’ve committed to the highest standards of financial advice and made a commitment to deliver outstanding customer outcomes.
Part of the Quilter Financial Planning Network
We’re part of the UK’s most successful financial planning network. This gives us access to a wide range of resources, tools and knowledge that we can use to improve your financial future
Pension Transfer Gold Standard
The Pension Transfer Gold Standard gives our clients confidence that our specialist advisers are working to the highest standards of managing Final Salary pension transfers.
Experienced Financial Advice Team
Our advisers have years of collective experience both in retirement planning and other aspects of financial planning.
Full UK-wide Retirement Planning Service
We’re based in Telford, Shropshire but our clients span the entire country. In most cases, we’re able to work with you remotely and communicate by telephone, email and by post.
Comprehensive but Not Cumbersome
We’ve invested time in creating a client journey that demonstrates a strong, reliable service whilst removing unnecessary barriers.