All final salary pension schemes in the UK are regulated. The formal body who regulate all company pension schemes, including final salary or DB schemes is called The Pensions Regulator (TPR)

When you leave a final salary pension scheme as a deferred member you can consider the possibility of doing a DB transfer. When you leave the DB or ‘Defined Benefit’ Scheme you are given by the DB / ‘Defined Benefit’ or Final Salary pension scheme a cash equivalent transfer value or CETV (CETV). The concept…

Who should do a final salary pension transfer? Well a final salary pension transfer is certainly not for everyone. With a final salary pension transfer you are taking all the investment risk yourself. If you keep your final salary pension then it is up to your employer to make sure there is enough money to…

It is not easy to find a good final salary pension transfer specialist. This is where we can help and do the work of finding the best final salary pension transfer specialist in the UK for you. We can search the entire final salary pension transfer specialist market and have found several quality final salary…

Final salary pension closure by employer insolvency and the Pension Protection Fund (PPF) There are some well-known schemes closing so what happens on a final salary pension closure by employer insolvency? A final salary pension closure is a very big deal and one not to be taken lightly for one very big reason. On final…

There are two types of final salary pension members ‘Active’ and ‘Deferred’. ‘Active’ is where you have benefits building up in the final salary pension scheme and ‘Deferred’ is where you have rights under the pension scheme but have left the company and or the scheme and you are not getting any more additional final salary pension benefits….

Final salary pension transfer fees can vary greatly, and this is something else to consider when looking where to enquire about a final salary transfer. Final salary pension transfer fees can vary from 2% of your fund to 5% of your fund in some instances depending on the size of your CETV/Cash Equivalent Transfer Value….

The pension freedom rules did change the pensions landscape in the UK and as mentioned, the pension freedom rules were quite revolutionary. The pension freedom rules allow those in a non-final salary scheme to take their pension at any time after age 55 and any amount they want. This does suit many people in retirement…

There are many insurance companies/SIPP providers who will take transfers from a final salary scheme. The expert adviser ‘advising’ you will help with selection of the ‘receiving’ scheme. It is part of the advice processes to take into account both the ‘company/wrapper/scheme’ your CETV is transferring to and the ongoing investment of that CETV. What…

There are many reasons to transfer out of final salary pension scheme and detailed below are the main ones as stipulated by the FCA themselves: According to the FCA some valid reasons to transfer out of final salary pension scheme are: Poor health Crippling debt If you are in a household with multiple DB benefits…

It is possible that you may, in the long term, be financially disadvantaged following any transfer of your final salary benefits. The disadvantages of transferring your final salary transfer benefits are detailed below and whilst this list is not exhaustive careful consideration should be given to the final salary benefits that you may be giving…

There are two types of final salary pension members ‘Active’ and ‘Deferred’. ‘Active’ is where you have benefits building up in the final salary pension scheme and ‘Deferred’ is where you have rights under the pension scheme but have left the company and or the scheme and you are not getting any more additional final salary pension benefits….