Defined Benefit pension benefits are a valuable commodity. Offering protection against inflation and insulated from the volatility of stock market performance, Defined Benefit schemes offer excellent provision toward retirement for many people.
However, for some people, the goal of greater freedom around the payment of death benefits, tax-free cash and income have encouraged them to consider whether they should transfer their Defined Benefit pension to something more flexible.
This is an area where truly impartial, professional advice is essential. The advantages of a Defined Benefit transfer can be considerable but the potential disadvantages can be equally so. We pride ourselves on providing advice in this area to the highest standard. We will help you understand fully the implications of transferring your pension and we will give you clear and unambiguous advice on whether it is in your best interests to do so. Advice on this area is more complex and therefore more expensive than some other types of financial advice. Typical charges for Defined Benefit Pension Transfer Advice are detailed on our Service Proposition & Charges page or contact us for further information.