Pension Transfers

Final salary or defined benefit (DB) transfers have become more attractive and Wren Sterling is authorised to advise clients on the suitability of a transfer.

The transfer of a DB scheme could be the single biggest financial decision you ever make and it’s vital to make the right decision to support you and your family in retirement. Final salary pensions are designed to provide an income for life and in order to move out of a final salary scheme, your adviser must be able to demonstrate that it is in your best interest.

It is a highly involved process that requires the creation of a specialist report and pension transfers can only be advised upon by specially qualified financial advisers.

The first step is to arrange an appointment to see if this is worth exploring for you. The first appointment is always at no cost to you and all charges will be disclosed to you prior to any work taking place on your behalf.

IMPORTANT: The value of your investment can go down as well as up and you may not get the back the full amount invested.

Accessing pension benefits early may impact on levels of retirement income and is not suitable for everyone. You should seek advice to understand your options at retirement.

Why are some people cashing in their final salary pension schemes? Find out in this article from our Winter 2017 edition of Money Matters: