Simple, straightforward pension advice
Making decisions about how to take your pension can be daunting - you are not alone!
Every pension option available to you will have both pros and cons, these are different for every individual. Our experts are here to help you with the key financial decisions so you are able to take control of your retirement planning.
Pensions have changed.Greater flexbility offers more options
The background…
Defined benefit pensions have seen a recent surge in individuals looking at the possibilities of transferring into an alternative arrangement. Despite the many guarantees that come along with this type of pension, different savings vehicles can offer greater flexibility upon retirement. However, the guarantees defined benefit schemes offer should not be given up lightly.
Our Charges
Final Salary pension advice is a specialist area and due to its complex nature, the time spent by advisers can often mount up a large bill. This created an issue as many people wanted to receive advice but could not afford the significant bill associated with doing so.
Our Regulator reacted to this industry-wide issue and launched a service called Abridged advice. Abridged advice can be seen as a “halfway stop” to receiving full advice and is aimed at those who want to explore their options regarding a transfer.
Our competitive Abridged advice charging structure is shown below, alongside the costs for receiving full advice.
£395 + VAT
Abridged Advice
£1,600 + 1%
Full Advice
Abridged is to “shorten”, meaning that an abridged advice service will be a shorter process than that of full advice. Our abridged process has the first steps of a full advice session, it includes a fact-find and risk assessment.
Abridged advice will produce one of 2 outcomes for you
Provide you with a recommendation not to transfer if this is in their best interest
Tell you that it is unclear whether they would benefit from a pension transfer. You can still move to a traditional advice process if they want to explore further.
Get in touch to receive advice
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How financial advice can help you.
Plan your future
Learn when you can afford to retire and what level of income you could expect.
Understand your options
We can help you see what Annuity, Drawdown and Cashback options means to you and your future plans.
Plan your Tax Free Cash
You can take up to 25% as tax free cash to pay for things like home improvements, holidays, daughters weddings etc…but the amount you take will have an impact on your retirement.
Understand Tax Implications
Taxes can have a big impact on your post-work life, we can help you manage what is best for you.
Do you have a question?
Call us on 0800 788 0887
Drop us an email at info@informedpensions.com
Monday-Friday 9:00am-5pm