
New non-contingent charging for defined benefit pension transfers
New non-contingent charging for defined benefit pension transfers – from October 1st, 2020 The FCA have ruled that from the
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 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:
New non-contingent charging for defined benefit pension transfers – from October 1st, 2020 The FCA have ruled that from the
Emma Agyemang (Financial Times 29/08/2020) writes about; the upsurge in pension transfer values during Covid, the fall in overall pension
Retirees left adrift by looming pensions advice gap Final salary pensioners face a shrinking pool of professionals willing to give
– Defined Benefit Transfer 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.
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