Defined Benefit Transfer Client Education Guide

Understand the benefits and drawbacks of your pension scheme

Your decision on whether to receive pension transfer advice or not is an important first step

If you are looking to transfer your defined benefit (DB) pension, it is important you have a general understanding of your scheme, including the benefits and drawbacks it may have, before you decide whether you want to take advice or not.

Your decision is a very important first step as, since the change in law around contingent charging for pension transfers, there are now advice fees applicable, regardless of the outcome. 

We offer a four page defined benefit client education guide, available on request, and designed to help you better understand the risks involved. This should help you to decide whether you wish to proceed with advice or not. You should read the guide carefully before making a decision. 

Transferring out of a defined benefit pension scheme is unlikely to be in the best interests of most people. 

The guide is for information only and is not intended to be, and should not be interpreted to be, personalised advice. 

Guide contents

  • Main differences between a defined benefit and a defined contribution pension
  • Comparison table comparing some of the features of a defined benefit pension scheme with a defined contribution pension scheme
  • What you should consider before taking advice
  • What advice we can offer you 
  • Difference between ‘abridged’ and ‘full’ advice?
  • Pension transfer advice service options
  • Next steps

Useful links

The Financial Conduct Authority has written guidance to help those considering  a transfer and this can be found at the link below. This  also describes who might typically benefit or not from a transfer:

Get in touch

Call us on 0141 352 7800 or use the contact form to request a copy of our Defined Benefit Transfer Client Education Guide.

– Defined Benefit Transfer Client Education Guide – 

Yes please send me a copy of your DB Client Education Guide

You are now departing from the regulatory site of Henderson Stone & Co Ltd. Neither Henderson Stone & Co Ltd nor Quilter Financial Planning are responsible for the accuracy of the information contained within the linked site.

You are now departing from the regulatory site of Henderson Stone & Co Ltd. Neither Henderson Stone & Co Ltd nor Quilter Financial Planning are responsible for the accuracy of the information contained within the linked site.

You are now departing from the regulatory site of Henderson Stone & Co Ltd. Neither Henderson Stone & Co Ltd nor Quilter Financial Planning are responsible for the accuracy of the information contained within the linked site.

Thank you for your request. You will receive our DB Transfer Customer Education Guide shortly.