Pension Transfer and Consolidation

Investment linked, money purchase, defined contribution (not defined benefit) pension transfers.

Worked at many places?  Have you got lots of pension pots? Need them reviewing and comparing?  Should I keep them? Should I consolidate them?  We will review existing schemes and advise you on your best course of action including completing pension transfer applications if the decision is to transfer or consolidate into an existing or brand new pension scheme.  We will accept some Safeguarded Rights but not:

Defined Benefit Transfer? No More DB except when sharing a Pension on Divorce

When you see this: = guidance notes/videos in the quotation form to help you complete your fee quotation.

Products

 

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) - £1,056.00
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) - £1,196.80
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) - £1,267.20
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) - £1,408.00
Part 2 : % Risk Fee Element (Completion) - 0.75% of Current Transfer Value CETV (£) e.g. 100,000
 
 

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

  • 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 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. 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 with reduced fixed fees for the 2nd scheme.
  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 : 1st Scheme Fixed Fee (Upfront) - £1,056.00
Part 1 : 2nd Scheme Discounted Fixed Fee (Upfront) - £528.00
Part 2 : % Risk Fee Element (Upfront) - 0.75% of Combined Transfer Value Totals CETV (£) e.g. 100,000
2. Non Face to Face Paid On Completion
15% Discount Part 1 Fee
Part 1 : 1st Scheme Fixed Fee (Completion) - £1,196.80
Part 1 : 2nd Scheme Discounted Fixed Fee (Completion) - £598.40
Part 2 : % Risk Fee Element (Completion) - 0.75% of Combined Transfer Value Totals CETV (£) e.g. 100,000
3. Face to Face Paid Upfront
10% Discount Part 1 Fee
Part 1 : 1st Scheme Fixed Fee (Upfront) - £1,267.20
Part 1 : 2nd Scheme Discounted Fixed Fee (Upfront) - £633.60
Part 2 : % Risk Fee Element (Upfront) - 0.75% of Combined Transfer Value Totals CETV (£) e.g. 100,000
4. Face to Face Paid On Completion
Standard Fee
Part 1 : 1st Scheme Fixed Fee (Completion) - £1,408.00
Part 1 : 2nd Scheme Discounted Fixed Fee (Completion) - £704.00
Part 2 : % Risk Fee Element (Completion) - 0.75% of Combined Transfer Value Totals CETV (£) e.g. 100,000
 
 

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

  • 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 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. 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 with reduced fixed fees for the 2nd and 3rd schemes.
  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 : 1st Scheme Fixed Fee (Upfront) - £1,056.00
Part 1 : 2nd Scheme Discounted Fixed Fee (Upfront) - £528.00
Part 1 : 3rd Scheme Discounted Fixed Fee (Upfront) - £528.00
Part 2 : % Risk Fee Element (Upfront) - 0.75% of Combined Transfer Value Totals CETV (£) e.g. 100,000
2. Non Face to Face Paid On Completion
15% Discount Part 1 Fee
Part 1 : 1st Scheme Fixed Fee (Completion) - £1,196.80
Part 1 : 2nd Scheme Discounted Fixed Fee (Completion) - £598.40
Part 1 : 3rd Scheme Discounted Fixed Fee (Completion) - £598.40
Part 2 : % Risk Fee Element (Completion) - 0.75% of Combined Transfer Value Totals CETV (£) e.g. 100,000
3. Face to Face Paid Upfront
10% Discount Part 1 Fee
Part 1 : 1st Scheme Fixed Fee (Upfront) - £1,267.20
Part 1 : 2nd Scheme Discounted Fixed Fee (Upfront) - £633.60
Part 1 : 3rd Scheme Discounted Fixed Fee (Upfront) - £633.60
Part 2 : % Risk Fee Element (Upfront) - 0.75% of Combined Transfer Value Totals CETV (£) e.g. 100,000
4. Face to Face Paid On Completion
Standard Fee
Part 1 : 1st Scheme Fixed Fee (Completion) - £1,408.00
Part 1 : 2nd Scheme Discounted Fixed Fee (Completion) - £704.00
Part 1 : 3rd Scheme Discounted Fixed Fee (Completion) - £704.00
Part 2 : % Risk Fee Element (Completion) - 0.75% of Combined Transfer Value Totals CETV (£) e.g. 100,000
 
 

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.  

  • THIS SERVICE DOES NOT INCLUDE DEFINED BENEFIT, FINAL SALARY, CAREER AVERAGE SALARY or GUARANTEED MINIMUM PENSION (GMP) rights.  We have suspended giving advice on these due to excessive professional insurance costs.

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.

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.
  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.
  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) - £1,584.00
Part 2 : % Risk Fee Element (Upfront) - 1.00% 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) - £1,795.20
Part 2 : % Risk Fee Element (Completion) - 1.00% 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) - £1,900.80
Part 2 : % Risk Fee Element (Upfront) - 1.00% of Current Transfer Value CETV (£) e.g. 100,000
4. Face to Face Paid On Completion
Standard Fee
Part 1 : Fixed Fee Element (Completion) - £2,112.00
Part 2 : % Risk Fee Element (Completion) - 1.00% of Current Transfer Value CETV (£) e.g. 100,000
 
 

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:

  • Deal with your legal advisers to secure a copy of the sharing order.
  • Deal with your former partner's existing pension provider and obtain 'transfer out' documentation to enable pension funds to be transferred into a pension in your sole name.
  • We will research and recommend a suitable pension scheme for you including pension analysis, sending Pension Sharing Order to existing and new pension schemes (where required), full sharing order transfer recommendations plus HMRC liaison and including fund sector recommendations and provider/installation and application to completion
  • We will send you with a full written advice report with our recommendations and details of the actions to be taken, including your income and growth requirements, attitude towards risk and details of the pension scheme chosen for pension with full fund recommendations. 
  • Pension sharing order transfer scheme application forms/instructions will be handled by us.
  • Pension funds will be sent directly from the existing pension to your new pension direct once you have signed their forms.

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 shared you will need to ADD and give details of each pension separately in your basket.
  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) - £1,155.00
Part 2 : % Risk Fee Element (Upfront) - 0.75% of Transfer Value/Shared Amount CETV (£) e.g. 100,000
2. Non Face to Face Paid On Completion
15% Discount Part 1 Fee
Part 1 : Fixed Fee Element (Completion) - £1,309.00
Part 2 : % Risk Fee Element (Completion) - 0.75% of Transfer Value/Shared Amount CETV (£) e.g. 100,000
3. Face to Face Paid Upfront
10% Discount Part 1 Fee
Part 1 : Fixed Fee Element (Upfront) - £1,386.00
Part 2 : % Risk Fee Element (Upfront) - 0.75% of Transfer Value/Shared Amount CETV (£) e.g. 100,000
4. Face to Face Paid On Completion
Standard Fee
Part 1 : Fixed Fee Element (Completion) - £1,540.00
Part 2 : % Risk Fee Element (Completion) - 0.75% of Transfer Value/Shared Amount CETV (£) e.g. 100,000
 
 

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.  

  • THIS SERVICE DOES NOT INCLUDE DEFINED BENEFIT, FINAL SALARY, CAREER AVERAGE SALARY or GUARANTEED MINIMUM PENSION (GMP) rights.  We have suspended giving advice on these due to excessive professional insurance costs.

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.

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.
  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.
  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 : 1st Scheme Fixed Fee (Upfront) - £1,584.00
Part 1 : 2nd Scheme Discounted Fixed Fee (Upfront) - £792.00
Part 2 : % Risk Fee (Upfront) - 1.00% of Current Combined Transfer Values CETV Total (£) e.g. 100,000
2. Non Face to Face Paid On Completion
15% Discount Part 1 Fee
Part 1 : 1st Scheme Fixed Fee (Completion) - £1,795.20
Part 1 : 2nd Scheme Discounted Fixed Fee (Completion) - £897.60
Part 2 : % Risk Fee (Completion) - 1.00% of Current Combined Transfer Values CETV Total (£) e.g. 100,000
3. Face to Face Paid Upfront
10% Discount Part 1 Fee
Part 1 : 1st Scheme Fixed Fee (Upfront) - £1,900.80
Part 1 : 2nd Scheme Discounted Fixed Fee (Upfront) - £950.40
Part 2 : % Risk Fee (Upfront) - 1.00% of Current Combined Transfer Values CETV Total (£) e.g. 100,000
4. Face to Face Paid On Completion
Standard Fee
Part 1 : 1st Scheme Fixed Fee (Completion) - £2,112.00
Part 1 : 2nd Scheme Discounted Fixed Fee (Completion) - £1,056.00
Part 2 : % Risk Fee (Completion) - 1.00% of Current Combined Transfer Values CETV Total (£) e.g. 100,000
 

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