We are 'level 6', degree qualified Chartered Financial Planners and have Pension Transfer Specialist permissions from the Financial Conduct Authority as well as adhering to the 9 principles of the Pension Transfer Gold Standard for consumer education, information, fees and advice on pension transfers as set down by the Personal Financial Society (PFS), our professional body and a division of the Chartered Insurance Institute (CII).
Pension Transfers Videos
Why is a Pension Transfer Gold Standard Needed
Huge pension transfer mis-selling advice scandals in the past mean't that the financial regulator set up new rules for financial advisers:
Transfer Value Analysis
Specialist Pension Qualifications
Special Permission from the FCA ...
9 Principles of the Pension Transfer Gold Standard
The 9 principles of the Pension Transfer Gold Standard that Pension Transfer Specialist Advisers must comply with:
Helping clients understand when advice is appropriate
Ensuring advice given supports the clients overall ...
Principle 1 When is Advice Appropriate for Me on Pension Transfers
We have established and defined an education process for you that we would like you to follow before entering into regulated advice on Defined Benefit and Safeguarded Rights Pension ...
Principle 2 Pension Transfer Advice Based Upon Wellbeing and Objectives
Written records of all calls, meetings and details: Factfind, health, wealth, money, life expectancy, blood line, hereditary illnesses, future income, expenses, likely changes, other guaranteed pensions or income, risk, ...
Principle 3 Understand Our Fees Charges for Pension Transfers
We quote fees for Defined Benefit/Safeguarded Rights Advice in two stages:
Stage 1 is the analysis as to whether it is in your best interests and wellbeing as well as ...
Principle 4 Pension Transfer Advice Specialist Qualified
We are required, as Pension Transfer Specialists, to ensure the most appropriate and updated technical skills are applied.
The minimum level of qualification is level 4 (similar to A levels)
Principle 5 Managing Conflict of Interest
Any person that needs money - whether that is you the client in a difficult financial position or a business in need of revenue
THIS MAY LEAD TO POOR CONSUMER ...
Principle 6 Understand the Costs of Pension Transfer
We will give you a written document (single sheet) as a Transfer Value Comparator (TVC)
Which gives you explicitly:
The Pension Fund Transfer Value
The Cost To Buy An Annuity On ...
Principle 7 No Unregulated Investment Funds Allowed
We never ever recommend unregulated investments funds to ensure that you have full investor protection.
Regulated company pensions are protected by the Pension Protection Fund
Regulated private pension funds are protected ...
Principle 8 Record Keeping and Monitoring Ensures No Bias
Record Keeping and Monitoring to Ensure No Bias using Key Performance Indicators
Number of people enquiring about pension transfers
Numbers that complete our education process
Numbers choosing not to take regulated advice
Principle 9 Consumer Guide to Pension Transfer Gold Standard
We recommend you:
Download the Consumer Guide to the Pension Transfer Gold Standard (published by the Personal Finance Society)
Read and watch all the consumer content in the Personal Finance Society's ...
Reasons to Keep My Pension and Not Transfer
Reasons to keep my pension and not transfer:
Pension is main source of income in retirement and inflation protection gives me security.
My health, family health is good so I expect ...
Reasons to Proceed with Pension Transfer Advice
Reasons to proceed with pension transfer advice:
I am likely to phase in my retirement gradually e.g. move to part-time and flexible pensions will help me do this.
I am likely ...
Why Are Defined Benefit Transfer Values High
Video looks at the impact of low gilt yields and increased cash equivalent transfer values for defined benefit and final salary pension schemes....
Pension Transfer Advice 30000 Limit Explained
Video explains why you are forced to seek financial advice for a defined benefit transfer over £30,000 under S48 of the Pensions Schemes Act 2015 and why others are ...
Transfer Value Analysis Service TVAS
Video introduces the regulator's requirement that any proposed defined benefit pension transfer requires a G60 Pensions qualified adviser, with FCA permission for these high risk transfers, to conduct a ...
APTA Appropriate Pension Transfer Analysis
APTA Appropriate Pension Transfer Analysis is a full assessment when transferring or considering transferring a defined benefit pension scheme to a money purchase defined contribution pension scheme or personal ...
TVC Transfer Value Comparator
Transfer Value Comparator (TVC) when transferring or considering transferring a defined benefit pension scheme to a money purchase defined contribution pension scheme or personal pension must have a TVC ...
Defined Benefit Flexible Drawdown Transfer
We explain what to think about when/if you are considering transferring a defined benefit pension scheme for flexible drawdown access....
Other Soft Facts to Consider for Defined Benefit Transfer
What are the additional 'soft facts' to consider when thinking about final salary, safeguarded rights and defined benefit pension transfers?...