10th November 2017

Trying to make sense of pension transfers? We can help cut through the complexity.

Having saved for your retirement, its important to make sure that the pension pot you’ve built up gives you the retirement you’ve dreamed of, when you finally stop working.

At Brancaster House, we are experts in helping our clients find the best ways to manage their money, now and in the future.

We can guide you through the complex pensions market, make sense of the options available to maximise your future income and help you enjoy the retirement you’ve worked hard for

Do you have a Final Salary Pension?

In 2015 the Government introduced a significant shake-up of the pensions market, widely knows as pension freedoms. The changes give those with a defined contribution scheme (like a personal or stakeholder pension) more flexibility in how they can access their retirement saving.

However, these pension freedoms don’t extend to those in a defined benefit scheme. Also known as Final Salary Schemes, these are schemes provided by an employer, where the pension the member receives is based on their length of service and salary.

As a result, there has been an increase in pension transfer enquiries as defined benefit members look to take advantage of the new rules by transferring to defined contribution schemes.

But is it really worth transferring and what would you be giving up in return for increased flexibility?

We’ve put together this guide to answer those questions, talk you through the pros and cons of transferring, and help you to weigh up whether a pension transfer might be right for you.

To receive your free copy of Your Guide to Final Salary Pension Transfers, please fill in your details and we will email it over to you. Please quote 'Guide' in more information

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