PENSION TRANSFERS
We always carry out a detailed analysis of your personal circumstances before making any recommendation to transfer from a Defined Benefit scheme. Our advice process is comprehensive and will follow certain steps. We are independent and offer free initial advice and reviews, along with optional ongoing advisory services.
In the first instance we will discuss our services and the cost of these services at our initial meeting. We always provide the cost of our services in writing before providing advice. . Once you have confirmed that you are happy for us to proceed to the next stage, we will complete what is known as a factfind. This is a detailed questionnaire allowing us to understand your circumstances, needs and objectives. We will also discuss and ascertain your attitude to investment risk. This will include discussing your knowledge and experience of investing money and how much risk you are able and willing to take.
We will carry out research of your pension scheme and provide a transfer analysis. This report will include a detailed comparison of the benefits available in the defined benefit pension scheme against the benefits available in any proposed new product. It will detail the cost of replacing the benefits that are being given up and compare areas such as death benefits, income levels, tax-free cash and income sustainability. As well as a transfer analysis we will provide a suitability report detailing our advice. This comprehensive report will pull together your needs and objectives together with our recommended solution to meet those needs. This report will include advantages and disadvantages as well as considering future needs. Cashflow modelling helps us to consider your ability to still pay bills in retirement if you lost some or all of your pension fund.
Whether a pension transfer is right for you or not will depend on your individual circumstances. Contact me, I will be happy to conduct a free review of your current set up andd help with whatever questions you may have.
Rob.
E:robert.gourlay@holbornassets.com T:(+6)01151565649 W:www.rgwealthsolutions.com
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