How Duncan Found Drewberry…
Already somewhat clued up about final salary transfers from his years in the banking industry, Duncan began researching his options online and came across Drewberry. He first stumbled across our Final Salary Pension Calculator in the autumn of 2017 in the course of his research into the topic.
“From the outset I liked that I was able to use a tool like the Final Salary Calculator and put in actual numbers,” recalls Duncan.
“I also appreciated how thorough the accompanying guide to final salary transfers was I received after I completed the calculation. From there I went to look across the site, reading testimonials and going through details on how a transfer would work step-by-step.”
Following Duncan’s visit to the site, we matched him with one of our in-house final salary transfer experts, Peter Banks, who was Duncan’s main point of contact throughout the transfer process.
Getting to know each other…
“Peter called me about 6pm on the day I used the calculator,” says Duncan. “From the start I felt confident in his knowledge and expertise. After our initial conversation, we went on to discuss how the process would work.”
The first part of the process is as simple as getting to know Duncan, having a formal chat to listen and understand his needs, his current circumstances and his retirement objectives.
Understanding Duncan and what is important to him we can put together a Recommendation Report in which we present our recommendations on how he can meet his goals, we can talk through how his financial future might look and detail whether a transfer is right for him based on a number of factors.
As part of the process, Peter did some cashflow modelling. “I found this very useful as it plotted how long the pension pot might last against my life expectancy based on various factors such as the growth rate of the fund,” explains Duncan.
“Overall, I found the whole process very smooth and easy to grasp. I was fortunate to have a bit of a leg-up in terms of understanding because I’d worked in banking, but I still felt like I was kept very well-informed by Peter throughout.”