Are you looking for expert advice on your Final Salary Pension? If so we can help…

You will have access to short videos to help educate you about the things you need to know and think about if you are considering transferring your Final Salary Pension.

We will compare your transfer value against the benefits of remaining in your scheme

Help you understand how to best access your money in retirement

Plan the best way to leave your pension to your loved ones

We take a holistic approach to help you make the best overall decision

We will explain the benefits of a Final Salary Pension and the risks associated with giving up these benefits

A Final Salary pension, or defined benefit pension scheme, is a type of workplace pension that will pay you a retirement income for life. The amount you will receive in retirement is based on your salary and length of service. 

For instance, by remaining in a Final Salary Pension you could benefit from a guaranteed income for life which is inflation-linked to keep pace with the cost of living. These schemes also include death benefits for your spouse and children. 

For most this can provide valuable benefits and security for you and your spouse/children, you also have the option to transfer your Final Salary Pension into a more flexible personal arrangement.

Your final salary pension provider will offer you a ‘Cash Equivalent Transfer Value (CETV)’ – the cash value placed on the total benefits of your pension. If you don’t have one of these, not to worry, as we can request this on your behalf. The CETV is guaranteed for 3 months. Normally most schemes will offer a free CETV every 12 months.

These values can be very high, often hundreds of thousands of pounds, and could be more financially valuable than the income you receive if invested in a personal pension.  Unlike a Final Salary Pension, personal pensions come with investment risk i.e. the value of your investment can go down as well as up and you may not get  back the full amount invested, which could have an impact on your lifestyle in retirement. This is why considering transferring a final salary pension requires specialist advice.

Our team of expert Pension Specialists are all qualified to provide advice on final salary pension schemes.

We'll begin with a free assessment, which will allow us to decide whether we can provide advice on the transfer.

If we can provide advice and you choose to proceed, we'll assess your Final Salary Pension against your circumstances to advise whether transferring to a more flexible pension is suitable for you.

When making a recommendation, we consider:

• Your needs and objectives
• The value of your transfer
• The guarantees or benefits you may be giving up, and your understanding of these
• What other pensions you may have
• Your knowledge and experience of financial products

We’ll then present our recommendation to you. This can be done face to face or remotely.

If you choose to transfer your pension, we’ll then take care of everything for you.

We are proud members of the Pension Transfer Gold Standard. The Gold Standard is a voluntary code of good practice based on a set of principles when giving advice on Final Salary Pensions.

Please note – A pension is a long term investment.  If you transfer to a personal pension, the fund value may fluctuate and can go down. Your eventual income may depend on the size of the fund at retirement, future interest rates and tax legislation