Analysis of 1 X Salary Related Defined Benefit Pension Transfer to Investment Linked Flexible Drawdown Pension Scheme.
For reference, we quote for Defined Benefit Transfers in two stages. Stage 1 is the analysis as to whether it is advisable for you to transfer or not and Stage 2 is the implementation of the transfer (if it is agreed that the transfer is to proceed).
Stage 1: Fixed Fee Element – Feasibility and Analysis. To gather detailed pension scheme benefits information from existing scheme trustees. To conduct a full, FCA (regulatory) prescribed, pension scheme and comparison analysis, where applicable: These are known as an Appropriate Pension Transfer Analysis (APTA) and a Transfer Value Comparator (TVC). Where we will conduct an initial review of your pension, secure all information from scheme trustees and establish the feasibility/suitability of the scheme for retention or using flexible access pension drawdown as a retirement solution and then advise whether it is in your interests to transfer or not. This will include critical yields returns needed, a scheme funding review, scheme rules, revaluation rules whilst 'frozen', increases when pension income being paid, any history of discretionary benefit improvments or not, your health, longevity, marital status, future projected income, expenses, cash flow needs and other overriding factors that may influence the decision to transfer or not. All documented in a full written report. If the final decision is to retain the pension as is then works stop here, if the final decision is to transfer out to flexible pension drawdown then we move to Stage 2.
Stage 2: % Risk Fee Element – Flexible Drawdown Transfer Application (if transfer proceeds). We conduct in depth research, advice and analysis for pension transfer to various types of flexible drawdown pension scheme depending upon your lump sum, income and death benefit needs, requirements and objectives. It will include research and reports on suggested pension portfolio including pension transfer recommendations plus HMRC liaison (where applicable) and including fund sector recommendations and provider/installation and application to completion. Including transfer application documentation and paperwork for the proposed applications, including implementation to completion and acceptance of terms. will be handled by us. Stage 2 can be paid directly by you or from the pension fund.
These are 'ONE OFF' fees. There is NO ONGOING % adviser charge paid to us, unlike many other advisers who take an ongoing % each year meaning more of your investment and growth stays in your fund.
Pension Transfer/Consolidation for 1 X Money Purchase/Investment Linked Pension Scheme (not defined benefit).
Money Purchase pension schemes are 'investment linked' funds with no guarantees i.e. they have a monetary unit value and can be Company Money Purchase, Personal Pensions, Stakeholder Pensions, Buy Out Schemes, Group Personal Pensions or other similar. If you have 'guaranteed rights' such as Protected Cash Lump Sums or Guaranteed Annuity Rates you should use Safeguarded Rights.
Your pension transfer eithercan be:
Existing Pensions Review: To write to existing pension provider, research, report and review contract terms and benefits to give our view on competitive position and compare against others for potential transfer.
Pension Scheme Transfer: Compare pension scheme against others for pension transfer to a lower charged, transparent pension or self-invested personal pension scheme charging structure. Including transfer application documentation and paperwork for the proposed applications, including implementation to completion and acceptance of terms. To provide you with the details of all quotations and then undertake all of the paperwork necessary in order for benefits to be placed in a scheme. To provide you with a confirmatory report of the actions taken, including your own stipulations and the provider chosen for pension.
Fees are made up of two parts to make up the total fee:
Pension Transfer/Consolidation for 2 X Money Purchase/Investment Linked Pension Schemes (not defined benefit or safeguarded rights) with additional discount as transferring X 2 schemes at the same time.
Money Purchase pension schemes are 'investment linked' i.e. they have a monetary unit value and can be Company Money Purchase, Personal Pensions, Stakeholder Pensions, Buy Out Schemes, Group Personal Pensions or other similar.
This can be either
Existing Pensions Review: To write to existing pension providers, research, report and review contract terms and benefits to give our view on competitive position and compare against others for potential transfer.
Pension Scheme Transfer: Compare pension schemes against others for pension transfer to a lower charged, transparent pension or self-invested personal pension scheme charging structure. Including transfer application documentation and paperwork for the proposed applications, including implementation to completion and acceptance of terms. To provide you with the details of all quotations and then undertake all of the paperwork necessary in order for benefits to be placed in a scheme. To provide you with a confirmatory report of the actions taken, including your own stipulations and the provider chosen for pension.
Fees are made up of two parts to make up the total fee:
Pension Transfer/Consolidation for 3 X Money Purchase/Investment Linked Pension Schemes (not defined benefit or safeguarded rights) with additional discount as transferring X 3 schemes at the same time.
Money Purchase pension schemes are 'investment linked' i.e. they have a monetary unit value and can be Company Money Purchase, Personal Pensions, Stakeholder Pensions, Buy Out Schemes, Group Personal Pensions or other similar.
This can be either
Existing Pensions Review: To write to existing pension providers, research, report and review contract terms and benefits to give our view on competitive position and compare against others for potential transfer.
Pension Scheme Transfer: Compare pension schemes against others for pension transfer to a lower charged, transparent pension or self-invested personal pension scheme charging structure. Including transfer application documentation and paperwork for the proposed applications, including implementation to completion and acceptance of terms. To provide you with the details of all quotations and then undertake all of the paperwork necessary in order for benefits to be placed in a scheme. To provide you with a confirmatory report of the actions taken, including your own stipulations and the provider chosen for pension.
Fees are made up of two parts to make up the total fee:
1 X Safeguarded Rights Pension Transfer and/or Flexible Drawdown or Full Cash In (UFPLS).
What Are Safeguarded Rights? Pension schemes that have a monetary unit value are likely to be Company Money Purchase Schemes, Personal Pensions, Stakeholder Pensions, Buy Out Schemes, Group Personal Pensions or other similar but some also have guaranteed rights built in to them such as Guaranteed Annuity Rates or Protected/Higher Tax Free Cash Lump Sums - these are known as Safeguarded Rights.
When people are considering giving up guaranteed elements we are required do a full Transfer Value Analysis and cash flow modelling exercise to ensure you will have enough secure income in retirement.
We will gather detailed pension scheme benefits information from your existing scheme trustees. Conduct a full, FCA (regulatory) prescribed, pension scheme and comparison analysis, where applicable: These are known as an Appropriate Pension Transfer Analysis (APTA) and a Transfer Value Comparator (TVC). We will conduct an initial review of your pension, secure all information from scheme trustees and establish the feasibility/suitability of the scheme for retention or using Pension Transfers as a solution and then advise whether it is in your interests to transfer or not. This will include critical yields returns needed, a scheme funding review, scheme rules, revaluation rules whilst 'frozen', increases when pension income being paid, any history of discretionary benefit improvements or not, your health, longevity, marital status, future projected income, expenses, cash flow needs and other overriding factors that may influence the decision to transfer or not. All documented in a full written report for you.
Pension Scheme Transfer: We will write to the existing pension provider, research, report and review contract terms and benefits to give our view on its competitive position and compare against others for potential transfer. Compare pension scheme against others for pension transfer to a lower charged, transparent pension or self-invested personal pension scheme charging structure. Including transfer application documentation and paperwork for the proposed applications, including implementation to completion and acceptance of terms. To provide you with the details of all quotations and then undertake all of the paperwork necessary in order for benefits to be placed in a scheme. To provide you with a confirmatory report of the actions taken, including your own stipulations and the provider chosen for your pension.
Flexible Drawdown (FD) or Full Cash In (UFPLS): If the requirement is to also partially encash some of the pension using ad-hoc or regular withdrawals then flexible drawdown will be used. If you require a cash out of the whole pension fund as an Uncrystallised Fund Pension Lump Sum (UFPLS) then we also deal with this process for you. Both FD and UFPLS routes will include dealing with HMRC in connection with any withheld taxes and tax refunds in full or in part depending upon your tax position and country of residence.
Annuity: If the requirement is for an alternative annuity whilst giving up safeguarded annuity rights, we will conduct in depth research and analysis on annuities (or consolidate into 1 if more than one). We will compare the maximum annuity income available from the open market with the annuity income rate offered by your existing pension(s). It will include full research and a schedule of suggested annuity contracts including product type recommendations and provider recommendations and rates. Application forms, lump sum release forms and any other pension transfer and 'open market option' forms will be handled by us and we deal with all aspects of your application to completion.
Fees are made up of two parts to make up the total fee:
Pension Sharing Order Transfer on Divorce for 1 X ex-partner's pension transferred to a pension scheme in your sole name (if you have more than one pension to be shared/transferred to you, please contact us to discuss discounted terms that we may be able to offer).
Existing Pension: The courts will issue a pension sharing order as part of your divorce settlement. We will:
Fees are made up of two parts to make up the total fee:
2 X Safeguarded Rights Pension Transfers and/or Flexible Drawdown or Full Cash In (UFPLS).
What Are Safeguarded Rights? Pension schemes that have a monetary unit value are likely to be Company Money Purchase Schemes, Personal Pensions, Stakeholder Pensions, Buy Out Schemes, Group Personal Pensions or other similar but some also have guaranteed rights built in to them such as Guaranteed Annuity Rates or Protected/Higher Tax Free Cash Lump Sums - these are known as Safeguarded Rights.
When people are considering giving up guaranteed elements we are required do a full Transfer Value Analysis and cash flow modelling exercise to ensure you will have enough secure income in retirement.
We will gather detailed pension scheme benefits information from your existing scheme trustees. Conduct a full, FCA (regulatory) prescribed, pension scheme and comparison analysis, where applicable: These are known as an Appropriate Pension Transfer Analysis (APTA) and a Transfer Value Comparator (TVC). We will conduct an initial review of your pension, secure all information from scheme trustees and establish the feasibility/suitability of the scheme for retention or using Pension Transfers as a solution and then advise whether it is in your interests to transfer or not. This will include critical yields returns needed, a scheme funding review, scheme rules, revaluation rules whilst 'frozen', increases when pension income being paid, any history of discretionary benefit improvements or not, your health, longevity, marital status, future projected income, expenses, cash flow needs and other overriding factors that may influence the decision to transfer or not. All documented in a full written report for you.
Pension Scheme Transfer: We will write to the existing pension provider, research, report and review contract terms and benefits to give our view on its competitive position and compare against others for potential transfer. Compare pension scheme against others for pension transfer to a lower charged, transparent pension or self-invested personal pension scheme charging structure. Including transfer application documentation and paperwork for the proposed applications, including implementation to completion and acceptance of terms. To provide you with the details of all quotations and then undertake all of the paperwork necessary in order for benefits to be placed in a scheme. To provide you with a confirmatory report of the actions taken, including your own stipulations and the provider chosen for your pension.
Flexible Drawdown (FD) or Full Cash In (UFPLS): If the requirement is to also partially encash some of the pension using ad-hoc or regular withdrawals then flexible drawdown will be used. If you require a cash out of the whole pension fund as an Uncrystallised Fund Pension Lump Sum (UFPLS) then we also deal with this process for you. Both FD and UFPLS routes will include dealing with HMRC in connection with any withheld taxes and tax refunds in full or in part depending upon your tax position and country of residence.
Annuity: If the requirement is for an alternative annuity whilst giving up safeguarded annuity rights, we will conduct in depth research and analysis on annuities (or consolidate into 1 if more than one). We will compare the maximum annuity income available from the open market with the annuity income rate offered by your existing pension(s). It will include full research and a schedule of suggested annuity contracts including product type recommendations and provider recommendations and rates. Application forms, lump sum release forms and any other pension transfer and 'open market option' forms will be handled by us and we deal with all aspects of your application to completion.
Fees are made up of two parts to make up the total fee:
ESSENTIAL COOKIES ONLY - WE DO NOT TRACK YOU
WE DON'T LIKE BEING TRACKED SO WHY WOULD WE 'SPY' ON YOU?
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