Answered by Andrew Jenkinson
If you are in any doubt about whether transferring your pension is a good idea, then it is a good idea to seek advice before moving.
Regulated Pension Transfer Advice
It is a requirement to seek regulated pensions advice if you are thinking of transferring out of a defined benefit final salary scheme into a defined contribution scheme in order to take advantage of new pension freedom legislation. Final salary pensions provide you with a valuable guaranteed income when you retire, which usually increases in line with inflation.
The amount you get is based on how long you’ve worked for your employer and your salary in the final year of your job. In contrast, the income you’ll receive from your defined contribution scheme will depend on investment returns.
Please contact us if you would like to speak with one of our specialist pension transfer advisers, pension consolidation is one our core services. We can obtain pension details and valuations on your behalf and make recommendations on whether pensions should be transferred or not. The research part of our process is free of charge and fees are only due if advice is required.
Frequently Asked Pensions Advice Questions
Ciaran was Brilliant and provided a thorough service that delivered exactly what I was looking for. Very paitent and made even the most complex terminology sound simple.
Very professional service. I was overwhelmed by the amount of different policies which came up from my online search but Victoria from Drewberry helped me find the most relevant ones over the phone and answered any questions I had. I was really impressed by the standard of service Drewberry offered.
Jake Mills is the guy to go to. He listens to your needs and will stay in touch. He is a really good adviser and will find you the best policy for your needs. Always ask for Jake.