Defined Benefit Pension Transfer
Defined benefit pension transfers have become more attractive to some people, but not to everyone, due to the historically high values as a result of low interest rates/gilt yields. On top of this the weak funding position that many occupational schemes are declaring have concerned some deferred members, especially those with larger benefits who would lose most if their scheme was forced to enter the Pension Protection Fund.
Scott Fyffe helped me make a life changing decision last year when I was considering transferring my Occupational Pension. Scott went through the options in great detail and his knowledge and understanding of pensions/financial systems is second to none. I was so impressed with the service I received I recommended Scott to some of my work colleagues.
– Mr S, Dundee
Scotland & Northern Ireland, we offer:
- Financial Conduct Authority (FCA) regulated advisers
- An objective, balanced view
- No fee for our initial guidance meeting*
- Capped initial charges for larger transfers
- Highly competitive ongoing fees
- Wide range of investment options
After careful consideration, I have decided to take your advice and leave my pension where it is till my 60th birthday. I thank you very much for your help. I will pass on your company to my friends and family. I have found you (Scott Fyffe) to be very professional and easy to understand. I thank you again.
– Louise Mcgurk, Dundee
Or pension transfers in general?
*Any work you ask us to carry out as a result of this meeting will be fee based.
You could be giving up guaranteed index-linked pension benefits if you do transfer.
Defined benefit pensions are secure. If you transfer to a Defined Contribution scheme you will be taking on the investment risk yourself.
If you take your entire pension fund early you could be financially worse off in the future.