Why have a pension review?

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

A Pension Reviewer is essential because the taxpayer can no longer foot the bill for public sector pensions, the Government says. They cost the country £22 billion in 2008, around two-thirds of the total state pension bill.

The Government paid out an estimated £4bn more than it received in contributions last year.

Why pay for an Independent Pension Review?

The best performing pension could produce more than three times more annual pension than the worst performing one.

When you think of what this could mean to you the decision becomes a little easier. Any fee paid today could be repaid many times over in your first year of retirement alone.

How will the review work?

Firstly, we'll take all the work away from you.

All our pension reviews are undertaken by our qualified pension transfer specialists who will obtain all of the available information about your existing pension arrangements, including details of the charges and investment performance.

This information along with any special scheme benefits, rules and conditions will be compared to what’s currently available within today's Independent Pension Market place, just to see where you currently stand.

Once we've taken into account the scheme information and your personal concerns and aspirations a tailored Pension Review and Recommendation report will be produced and posted to you.

Another bad day for the public sector?

Changes have already been made to bring down the cost of public sector pensions. Payments have now been linked to the Consumer Price Index (CPI) measure of inflation from April, which offers a typically lower marker than the previously used Retail Price Index. Many schemes have seen the pensionable age rise to 65 in a bid to control costs.

Are public sector pensions really gold plated, as suggested by David Cameron and Nick Clegg?

Hutton firmly rejects this claim. It is reported that the average public sector pension is now £7800 a year. But even that modest sum is hugely expensive. If you were to try to buy the equivalent in the annuity market, you would need to have a pension fund at retirement of more than £300,000 to cover yourself and your partner. Pensions expert Ros Altman said yesterday that even a £4000 a year public sector pension is worth more than £100,000.

Will the public sector be working longer?

Hutton wants a rise in the pensionable age to 65 in general. A pensionable age of 60 has been proposed for police and fire-fighters, who traditionally have been able to retire and collect their pensions after 30 years in the job. Newer recruits have signed up to pension schemes that are payable after 35 years service. A retirement age of 60 could be introduced to the Army under the Hutton review. Of course, staff could retire earlier, but their payments would be drastically altered.

Will workers get less money under Hutton’s plan?

A Some will. Hutton wants final salary pensions replaced with a career average pension scheme. That would still be calculated on the number of years you have worked but the payments will be based only on your average salary throughout that employment.

Will the changes affect pension payments already invested in?

No, any pension already built up will still be linked to the existing final salary scheme.

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.