Expert and trusted advice on your final salary pension transfer options
If you have a ‘final salary’ pension (also known as a ‘defined benefit’ or ‘occupational’ pension) and are thinking of transferring out of your scheme, this can be one of the most important financial decisions of your life.
Every scheme is different and each person’s circumstances are unique, so it is vital – and required by law if your fund is more
than £30,000 – to seek expert advice from a pension transfer specialist you can trust.
We offer a qualified and experienced team who work with a trusted system to analyse all of the issues involved, and who will present them to you in a clear and easily understandable way so that you can make the best decision for you.
The suitability, or not, of transferring a final salary pension is just the beginning. If you decide to move out of your scheme, then you will assume responsibility for the investment of your fund and the pension income it needs to produce. You will need specialist advice on how to invest the money, and gradually withdraw it in your retirement. We know the issues that will arise and have the expertise to help you manage these responsibilities.
Whether or not to transfer out of a final salary pension scheme is one of the biggest financial decisions of your life. We take a closer look at the four key questions you should be asking.
Jessica McGowan, Pension Transfer Specialist
We adhere to the Pension Transfer Gold Standard. This is a voluntary code of good practice for safeguarded and defined benefit pension transfer advice, overseen by the Personal Finance Society and based around a set of 9 core principles that participating firms adhere to.
Several large organisations operate in the Coventry region, with many of their employees in occupational pension schemes. We provide specialist advice on these schemes to our clients in and around the West Midlands, including employees of Jaguar Land Rover, Federal Mogul, the NEC, Hewlett Packard, Aston Martin and National Grid. Here’s what one of them – David Browne (National Grid) – says about our service:
Do you want specialist advice on your final salary pension transfer options?
Book your free initial consultation with one of our pension transfer specialists.
In moving out of a final salary pension scheme you are leaving behind a known and guaranteed income for life which cannot be replicated in the alternative, which is known as a draw down pension. In some cases however, there is an over-riding need for flexibility in retirement, and the trade-off for this is giving up the known and guaranteed income which would escalate in line with inflation.
We are proud of the feedback we’ve had from more than 200 client surveys and our overall satisfaction score is 93%. What our clients think of our service is what matters most to us.
Communicating with our clients is important to us, so we create our very own in-house magazine, into which we pour the expertise of the Riverfall Financial team. It’s free, it’s exclusive and it’s full of insight on pensions and retirement planning.
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