Enjoy the flexibility
that a Final Salary Transfer can bring.

Final Salary Transfers

Your Pension, Your Legacy

Service matters,
let a Chartered firm look after
your financial future

A cost effective way to transfer out of your Bank Final Salary Pension and access investment markets in the knowledge that a Transfer Specialist and Chartered Financial Planner is taking care of your interests.

Final Salary

Do you have a Bank Final Salary Pension
or one left with an old employer?

Pension Drawdown

Have you considered the alternative
which is a pension transfer into drawdown?

As a member of a final salary scheme (also known as Defined Benefit) you now have the ability to take control of your pension pot which currently is likely to be valued significantly higher than the norm.

As Independent Whole of Market Chartered Financial Planners we are here to advise. We are the original specialists in this field and typically recommend suitable solutions via a range of providers such as Fidelity, Royal London and Old Mutual Wealth. One of these may be right for you.

We are delighted to be awarded the Gold award in the Business Growth of the Year 1-25 Employees category of this year’s Herald Express South Devon Business Awards 2018.

Factors to consider

A Final Salary Transfer involves swapping your pension entitlement for a cash sum which must be put into a registered, or HMRC recognised, pension scheme.

The table below highlights some of the important factors that you should consider when thinking about whether to transfer out of your Financial Salary Pension Scheme. Both have their benefits and depending on your personal circumstances one could be more appropriate in meeting your long term needs.

If you take advice with us, we will give you one of two outcomes:

  • We can show that the transfer is clearly in your best interests and suitable for you
  • We cannot show that the transfer is in your best interests so we believe that remaining in your current scheme is suitable for you.

* Comparisons based on typical bank final salary schemes we have advised on going into Pension Drawdown

More on Final Salary Transfer >

Upon contacting us for advice, the whole of the market will be assessed in line with your personal circumstances to recommend a solution that is right for you. In some cases this may mean that it is right for you to stay in your final salary scheme, for others, an alternative solution may be more appropriate.

If you would like to find out more or review your own position please contact us by email or call us on 0800 03 04 008

Pension Drawdown 4 Bankers is a trading style of The Pension Drawdown Company which is a whole of market, independent financial planner and has no formal links with Fidelity. Upon contacting The Pension Drawdown Company for advice the whole of the market will be assessed inline with your personal circumstances.

This guide should not be construed as individual advice to transfer out of a final salary pension scheme. Pension transfers are relatively complex and irreversible transactions and it is both imperative and a legal requirement to seek advice from a suitably qualified adviser before accepting a transfer.

Always remember the value of investments and the income they produce can fall as well as rise and you might not get back all your initial capital. This document has been produced based on our understanding of current pension rules and pension tax treatment. These do change from time to time.

Fidelity International is a trademark of FIL Limited used with its permission