Final Salary Pension Scheme Transfer

 In Pensions and Retirement Planning

Event Date:

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.

The Challenge 

Should our client transfer out of her long standing and valuable employer’s pension scheme and into a personal pension? Our client needed reassurance that all her options had been properly explored before making this critically important decision about her future.

Our Solution

First we had to determine the hard facts surrounding the financial impacts of the choice, as well as the softer facts around what was important to her and why this could be the right thing to do.

Using our expertise, knowledge and understanding of the issues and challenges facing such clients and, after a significant amount of due diligence, we clearly explained the relative merits of each choice to our client and gave her a clear mind to make the decision that was right for her. Once the decision was made to move out of the existing scheme, we then implemented a tailor-made solution for her.

Whether the decision was to stay or go, our client knew that investing in understanding her options would pay huge dividends and put her in a position to make the right decision for her and her future.

What’s your next step?

The question of whether or not to transfer out of a final salary pension scheme (also known as a ‘defined benefit’ scheme) is one of the biggest financial decisions of your life. Please read our Final Salary Pension Transfers page for further information.

If you are considering whether to transfer out of your final salary pension scheme and need specialist advice, book your free consultation meeting with one of our pension transfer specialists today.

Jessica McGowan
Jessica began her career in Financial Services in 2001 and has gained a wide range of experience working with clients from all walks of life, guiding them through the many complex aspects of financial planning to ensure that they fully understand their objectives, options and desired outcomes. Jessica prides herself on delivering an excellent service for her clients ensuring that they are well looked after through every stage of the financial planning process, firmly believing in the empathetic and emotional side of the process as much as the facts and financials. What the Riverfall team say: “Jess has to be the most organised person on the planet! Her Outlook calendar is a thing of beauty!