1 X Money Purchase Pension Transfer

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:

  • an internal pension transfer conversion with the same pension company
  • a full external pension transfer to a new pension company

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:

  1. Fixed Fee Element - this is a fixed, flat fee per pension scheme, whether you have £50,000 or £100,000 in a pension fund, the same works and analysis are required to facilitate pension analysis and transfer.  If you have more than one pension to be converted you should select the X 2 or X 3 pension transfer options.
  2. % Risk Fee Element – this is a 'one off' fee based upon the value of the pension fund being transferred.  It is representative of the liability that we take on as advisers and the fees that we pay to insurers, ombudsman levies and regulator levies that are based upon the volumes of work that we do.  E.g.  the liability we take on for a £50,000 transfer is much lower than for a £1m transfer, hence a proportionate charge.  The part 2 fee can either be paid direct or from your pension fund.
  3. 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.

Pricing / Purchase Options

1. Non Face to Face Paid Upfront
25% Discount Part 1 Fee
Part 1 : Fixed Fee Element (Upfront) - £1,161.60
Part 2 : % Risk Fee Element (Upfront) - 0.75% of Current Transfer Value CETV (£) e.g. 100,000
2. Non Face to Face Paid On Completion
15% Discount Part 1 Fee
Part 1 : Fixed Fee Element (Completion) - £1,316.48
Part 2 : % Risk Fee Element (Completion) - 0.75% of Current Transfer Value CETV (£) e.g. 100,000
3. Face to Face Paid Upfront
10% Discount Part 1 Fee
Part 1 : Fixed Fee Element (Upfront) - £1,393.92
Part 2 : % Risk Fee Element (Upfront) - 0.75% of Current Transfer Value CETV (£) e.g. 100,000
4. Face to Face Paid On Completion
Standard Fee
Part 1 : Fixed Fee Element (Completion) - £1,548.80
Part 2 : % Risk Fee Element (Completion) - 0.75% of Current Transfer Value CETV (£) e.g. 100,000

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