Since the introduction of pension freedoms we have helped many customers in the UK and abroad flexibly access their pension via flexi-access drawdown. If you want to access flexible benefits our calculator opposite will give you an instant quote.
If you have a personal pension this is a relatively straightforward transaction. We offer a very competitivly priced non-advised service that puts you fully in control of your pension.
For those customers who have a final salary pension, otherwise known as a defined benefit scheme, things can be a little bit more complicated. For many years, final salary pensions have been considered the gold standard in pensions. This is because the amount you receive isn’t based on investment returns but is based on the length of time you have worked for your employer and your annual salary. The benefit is guaranteed for life and defined benefit pensions have many other benefits that could be hard to replicate via other pension products.
Nevertheless, it is very tempting for customers to transfer out of their final salary pension, and forgo a fixed income for fully flexible access to a fund that could easily be worth hundreds of thousands of pounds. For this reason the Government and the Regulators have made it compulsory for people with final salary schemes to take advice from a Pension Transfer Specialist - somebody who holds very specific permission from the FCA. |
