We have recently had an influx of people looking at their options in terms of transferring away their final salary pensions.
Defined Benefit Pension Schemes value their pension promises on the basis of the yields paid on government bonds or gilts. When these yields fall, pension liabilities shoot up. Due to historically low yields over the past 9 months or more, transfer values are now hitting an all time high.
Transferring a Final Salary pension is a highly specialised field carrying inherent high risks. You must receive advice from a transfer specialist if your CETV is over £30,000.
Frances is our in house specialist and will offer you a free initial consultation. She will establish your needs and requirements and give you an indication of if a transfer is suitable for you.