Switching pensions or consolidating several into one, our advice can help you minimise charges and maximise future income. 

Pension decisions are often complex, particularly if you have more than one. The decision to transfer a pension may be driven by: 

• Successful appointment in a role with a new employer – should you switch to their pension scheme?
• Terms of a current pension scheme changing – can you find more favourable terms elsewhere? 
• The desire to consolidate multiple pensions – is it an advantage to bring them into a single pot?

Our advisers appreciate that terms including decumulation and annuity are unfamiliar and confusing. Let our FCA authorised financial advisers* support you in weigh up the options. We recognise that you have been contributing to your pension for decades and want to maximise your returns from this asset. 

Informed Pension Advice

Before advising on pension transfer, we listen to what you want to achieve and assess your current pension provision. We will ask about your current financial circumstances, other assets and debts and your priorities. As it is an important factor, we will also ask about your health. This research will inform our recommendations. 

Our pension advice will cover whether staying with your current pension provider or transferring your pension is the most suitable option and why. We are happy to explain our decision and clarify all relevant terms, including the risks and benefits. 

Pension Drawdown 

For the over-55’s, you may be considering pension drawdown. You can access up to 25% of your pension in a tax-free withdrawal. This could open up opportunities or relieve financial pressures, but could decisions risk your quality of life in your retirement? 

Our insight can make it easier to weigh up the pros and cons. Our approach is to gain a detailed understanding of your current financial position and future plans. We want to discover if there are other assets, debts and financial responsibilities that may have an impact. Clear explanations for any recommendations will be shared, with the opportunity to ask questions.

It is better to thoroughly consider the options to avoid regrets and financial hardship. 

Pension Advice Berkhamsted 

As your local, trusted and registered Chartered Financial Advisers, we offer professional services that support you to make the best decisions about your pension. Call Stringer Mann on 01442 874888 for an appointment to discuss your options. 

*Please note that it is a legal requirement for a Financial Services Registered Adviser to be consulted on any Pension Transfer with a value of £30,000 or more.