How Pension Transfer Works

Switching to an alternative scheme

In simple terms, pension transfer is switching the value of a pension to an alternative scheme. There are many reasons to transfer a pension, such as concerns regarding your current arrangements value or the ongoing charges that you incur. As with all complex financial products it is vital that you receive the correct advice in relation to your situation.

In order to transfer a pension, the value of your current pension will be calculated. A defined timescale for which this valuation is valid will then be provided. You will then work with your financial adviser to assess plans that will provide greater financial benefits to you. At this point you will be able to make an informed decision as to whether pension transfer is right for you.

Understanding how pension transfers work

Our status as fully independent advisers allows us to search the entire market to provide solutions for you. Our advisers will look at the specifics of your pension plan to allow the possibility of transfer to be explored.  Our advisers will work to assess the value of the pension and take into account any charges that may occur to allow a clear calculation as to whether pension transfer will benefit you.

Pension transfer consultation

We offer all of those considering transferring their pension a free consultation in which your requirements can be discussed. Our independent advisers will discuss the options available to you and allow you to make a decision as to how you would like to proceed. To find out more, please click on the following link >Pension transfer consultation