Advising on final salary and defined benefit pension transfers is a highly specialised, complex and regulated area of financial advice. At Vizion Wealth in Stony Stratford, Milton Keynes, we have defined benefit pension transfer specialists with the technical expertise, knowledge, qualifications and experience to provide chartered independent and impartial advice on these types of schemes to ensure any decision made in relation to your defined benefit pension is the correct one and in your best interests.
Pensions Freedoms have revolutionised retirement, giving individuals much more freedom around how and when they take their pension benefits and also how pension benefits may now be passed to future generations. However, with added flexibility comes added complication and it is essential that anyone thinking about transferring pension benefits seeks expert financial advice. With all pension transfers out of defined benefit schemes over £30,000 requiring regulated financial advice this ensures your pension scheme is properly assessed before any transfer decision is made, as transfers of final salary pension schemes are not right for everyone and do carry significant risks.
Our comprehensive advisory process ensures we have a clear picture of your current financial position, views on risk and longer term financial goals before assessing in detail any pension scheme that requires analysis and the most suitable options that take account of your position, views and your needs. We understand that every person and every pension scheme is different and therefore the decision to transfer may or may not be beneficial depending on the particular circumstances. Therefore, we work with clients to truly understand all the relevant factors before making any recommendations.
Our comprehensive advice includes sourcing the necessary cash equivalent transfer values (CETV), projection of benefits, understanding all the details of the scheme including accumulation and guaranteed minimum pension elements, escalation and revaluation of the scheme, spousal and children’s provisions, CETV and critical yield analysis, risk and cash flow planning and completion of Transfer Value Comparator (TVC) reports and Appropriate Pension Transfer Analysis (APTA).
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Vizion Wealth LLP,
16 London House, Swinfen’s Yard, High Street, Stony Stratford, Milton Keynes, MK11 1SY. Registered in England number: OC367088.
Telephone: 01908 920043. Vizion Wealth LLP is a Limited Liability Partnership. Vizion Wealth LLP is authorised and regulated by the Financial Conduct Authority.
Vizion Wealth is listed on the Financial Services Register https://register.fca.org.uk/ under reference 565523.
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