What Is the Transfer Value of a Pension Hundreds of thousands of pension transfers take place each year, signalling a significant movement of retirement funds across different schemes. You’re likely considering the implications of such a decision on your own financial future. Understanding the transfer value of your pension is a vital part of this…
Can I Retire at 55 Like a seasoned marathon runner eyeing the finish line, you’ve paced yourself for a career that you hope can end at 55, well before the standard retirement age. As you chart the course towards this milestone, it’s important to understand that retiring early isn’t merely a matter of wishful thinking…
Whether you have multiple old workplace pensions or a defined benefit scheme, this guide helps you decide if consolidation is right for you in 2026. See also: Can I Consolidate My Pensions? Complete UK Guide 2026
Cash is King, was the old saying, and then it wasn’t if you were looking for a good return. But now the good times are back, and interest rates are at their highest for 14 years. However, the options to take advantage of interest rates within pensions seem to be more difficult. In this article,…
Update: This article was originally written in 2023 when there was speculation about the pension tax-free lump sum being scrapped. Since then, the Lifetime Allowance was abolished in April 2024. The tax-free lump sum was NOT scrapped, but it is now capped at £268,275 under the new Lump Sum Allowance. The content below has been…
With uncertain global economies and mediocre stock market returns, are you looking for a guaranteed return with your retirement fund? Look no further than fixed-term annuities, an increasingly popular option for retirees who want the certainty of a return without losing control of their funds. Fixed-term annuities falling under drawdown rules offer a guaranteed income…
Why are defined benefit/final salary transfer values going down? Defined benefits transfer values are going down because of changing market conditions which affect the calculation of benefits. Rising inflation and rising longer-term gilt yields from historic lows are a perfect storm for the decline of transfer values. A gilt is a UK government bond. It…
What is Final Salary Pension Transfer Advice? There are many different types of pensions in the UK; however, for final salary schemes, if you are looking to transfer your benefits, you need a final salary pension transfer adviser, also known as a Pension Transfer Specialist, these advisers have the relevant permission and experience to help…
A Pension Transfer Specialist is a UK qualified adviser who has taken additional qualifications to advise on pensions with safeguarded benefits. Essentially, pensions with a promise to pay pension benefits can only be advised upon by an adviser who has the relevant qualifications. The caveat to this is if the benefits are less than £30,000,…
Abridged advice is designed to help advisers filter clients for whom a pension transfer is unlikely to be suitable. It provides a mechanism to engage with someone who wishes to discuss their possible defined benefit transfer, but without going into full advice and most importantly committing the client to the full costs of advice. It…