With increasingly more flexible and competitively priced pension schemes available on the market today, how do you know you’re not paying too much in monthly charges and annual fees with your current pension scheme? 

For a no obligation Pension Transfer Analysis or to speak with one of our experienced pension advisers call 0141 352 7800

Improved Pensions
Pension fees have changed dramatically over the past few years.  Modern pension contracts are more competitively priced and offer improved flexibility compared with those issued a few years ago.  If you are paying high monthly charges as well as an annual management fee on your pension it may benefit you to transfer as after a while, your ongoing fees will affect the final amount in your pension fund.  You may even be able to switch contracts within the same provider to improve your charging structure.  

Costs of Transferring
If you are thinking of transferring your pension you will need to be fully informed of any costs and penalties associated with the move.  Though there may be no initial charge, or only the annual management charge to take into account on a new pension, you may incur a penalty for moving.  Generally, the further away you are from retirement the more likely you are to benefit.

Pension Transfer Analysis
At Henderson Stone & Co we offer a no obligation analysis of your pension against one of the leading pension providers in the UK.  We will let you know whether a transfer would be in your interest or not, and if it is, we’ll send you a full report. 

New Pension Legislation
On the 6th April 2006, new pension legislation was passed that will affect the benefits and/or the level of contributions your scheme can accept.  This is the case whether you have a personal or company pension scheme. We can offer experienced and qualified pension advisers to consult with you about your transfer options as well as tailored personal advice on all areas of retirement planning.

Are you Changing Jobs?
Before deciding to transfer your pension when moving jobs it is recommended you seek sound financial advice.  Find out first from your former company accountant whether it’s possible to continue making contributions into the pension scheme you started with them, and then speak with a financial adviser to discuss further options. 

Our pension advisers assess each case and pension scheme individually and then advise accordingly.

For a no obligation Pension Transfer Analysis or to speak with one of our advisers please call 0141 352 7800