Since April 2001 new legislation has meant that pension providers have reduced the initial charges on their schemes, however, this was not applied to schemes that were taken out prior to April 2001. So, it may be that you are still paying charges which are higher than is necessary. Of course, any exit penalties for leaving your existing scheme must be taken into account, which is why we use specialist software to analyse whether it is in your best interest to switch to a new pension provider.
Poor Fund Performance
Some pension funds, both with-profits and unit linked, are consistently poor performing. Switching your pension may give you better growth in the future and a superior income in the future based on your personal circumstances and Attitude to Risk..
Consolidating Your Pensions
People can change jobs several times in there careers. As result they may have accumulated a whole string of pensions. This can leave you with many pots of money that are not regularly reviewed, some of which may be with providers who are making charges which are greater than necessary.
We would contact all of your existing pension providers to gather the precise details of your existing pensions. We will then use our impartial analysis software to establish whether it would be in your interests, to consolidate your existing pensions into the most suitable pension products based on your personal circumstances and Attitude to Risk.
Divorce Pension Transfer
The importance of pensions is now increasing recognised when discussing and agreeing divorce settlements. This applies to both personal pensions and occupational pensions.
If, through the court, it has been decided that pension sharing should take place, we can help with the transfer of pension funds once a divorce settlement has been reached. With your authority, we can obtain valuations and transfer values, from the appropriate pension providers. Then, using our impartial analysis software, guide you to the most appropriate of our pension products for you.
