Benefits of our pension transfer advice & service
Many people have various pension plans kicking around, perhaps frozen after leaving a workplace scheme or stopping paying into a personal pension, and often want to consolidate these all into one arrangement. We firstly analyse the features and charges on these pensions to determine which ones should stay where they are, and which could derive greater benefit by moving elsewhere. On old or current personal pension plans, the underlying funds could be doing very little for you in terms of performance, often being too risky for your particular risk tolerances. I have transferred many personal pensions in the past, re-aligning the risk with the clients specific tolerances specified, and made more than 2% per annum additional growth when compared to the previous pension (after charges). This has proved to be the case with one client example, transferring £84,000 5 years ago. The fund is now £8,400 higher than it would have been had it stayed where it was before he took advice from me.