Points to Consider when transferring your pension

To start your FREE pension review call 0845 519 6093 or click the link..

Exit Penalties – will your current provider levy an exit penalty?

Charges – will an initial charge apply upon investing a transferred pension? An initial charge will have the affect of reducing your transfer value at investment. What is the annual management charge of the new contract compared to your existing plan? Additionally does a policy fee apply to your existing pension and the new one? However, charges are only part of the equation; charges must be looked at in light of fund performance.

The affect of these charges must be detailed by (a) continuing with your existing provider and (b) transferring to a new arrangement.

Fund Selection – Are you in the right funds for the current global investment cycle covering all investment sectors? Are you invested in to funds commensurate with your attitude to risk and return? Is your pension fund regularly reviewed? Are your pension fund options managed by a professional? Do you wish to take advantage of specialist fund investment?

Guaranteed Annuity Rates – Does your existing policy offer these valuable contract terms? We compare the guaranteed rate to current market rates; will the Guaranteed Annuity Rate produce an income that is higher than the best in the market? Giving up this valuable benefit should therefore be considered very carefully.

Consolidation – in undertaking a consolidation of your existing pensions to allow for simplified administration in future, we need to take in to account all parts of the review process. We would generally recommend that final salary pension schemes remain in place, but we would look at your options taking in to account guarantees, lump sum entitlement, death benefits and critical yield.

I would like a FREE pension review please

Excellent! You can contact one of the pension review teams in on of two ways either call our pension review helpline on 0845 519 6093 and ask for a “free pension review” or you can alternatively complete our online pension review form and one of the pension review team will call you back to discuss your pension review.

Our experienced advisors will talk you through your pension review step by step to establish the relevant information they need to process your pension review, the telephone call should only take 10 minutes and then they will go away to review your pension.