Final Salary Pension Reviews
Final Salary pensions are still generally considered to be the ‘gold standard’; It is still the ‘received wisdom’ that transferring from a final salary scheme is not likely to be in the best interest of most people, and while pension freedoms will have tipped the balance, it is still expected to be the minority of cases where it will be in the clients best interests to transfer.
So what is a final salary transfer, what has changed and why should you consider leaving such a scheme? Let us explain why recent legislation changes now make them an option that an increasing number of people should consider.
The value of pensions and the income they produce can fall as well as rise. You may get back less than you invested.
Transferring out of a Final Salary scheme is unlikely to be in the best interests of most people
Other Services we offer
We are passionate believers in the value of life and critical illness insurance. Sadly this is borne out by the claims we administer for our clients all too frequently...
It’s been a long held belief that final salary pension benefits should be retained as a default position and the arguments against transfer have been hard to refute...
Transferring out of a Final Salary scheme is unlikely to be in the best interests of most people.
Pensions offer an unrivaled opportunity to save for your old age, with HMRC giving generous income tax rebates in the process...
You are now departing from the regulatory site of Meekins and Company. Neither Blueprint Financial Solutions Limited nor Quilter Financial Planning Limited and Quilter Mortgage Planning Limited are responsible for the accuracy of the information contained within the site and the information and products it contains may not be regulated by the Financial Conduct Authority (FCA)
Family run business since 1963