**Important introducer updates, please check the introducer section for full details (09/11/2017)**
Final Salary Pension Transfer Advice
In April 2015 pension holders gained more freedom over the way in which they can access their pension pots. Changes in pension rules are set to make final salary pension transfers attractive to some individuals. Final salary pensions provide an income for life on a basis that is not appropriate for everybody. A final salary transfer will allow you to structure your benefits in a manner that is more beneficial for you, and you can even cash in your pension.
There are a number of different situations where a transfer may be appropriate for you. We have outlined some of these in our Case Studies. Undertaking a pension transfer is not suitable for everyone. For this reason it is important that you seek qualified financial advice before making any changes to your pension plan.
Protecting your investments
The Financial Ombudsman Service (FOS) is an agency for arbitrating of unresolved complaints between regulated firms and their clients. Full details of the FOS can be found on its website www.financial-ombudsman.org.uk
Where your complaint relates to products or services purchased online, or by other electronic means such as by email, you may refer your complaint to the online dispute resolution (ODR) platform at http://ec.europa.eu/odr..
Final Salary Pensions are suitable for the vast majority of members. Transferring from a final salary pension scheme is an irreversible decision and it could have a detrimental effect on your retirement planning. The detail on this website is for information purposes only and is not to be taken as a personal recommendation. Before taking any action, you should take financial advice from a suitably qualified independent financial adviser. Any potential advantages of transferring from a defined benefit scheme to a defined contribution scheme are often outweighed by the costs, risks and loss of benefits involved.
The value of investments and the income derived from them can fall as well as rise. You may not get back what you invest.