Your pension consultant

Your pension consultant will telephone you at an agreed time so that he/she can gather the relevant information about your personal and financial circumstances. He/she will also gather information about your pension and will compare what you could receive from the scheme at your normal retirement date with what you could get if you transfer out of the scheme. He/she will also compare what you could get now directly from the scheme with what you would get if you transfer and what you would get if you waited until your retirement age. Of course, it is important to consider if you will have enough to live on once you retire if you take cash and/or income.

Your pension consultant will also consider how the other benefits your scheme may provide would be affected. These include what your family/estate would receive should you die and any ill health pension provision they may offer. If you take an income now, will this alter your tax position? If you are currently receiving any state benefits will they be affected?

Explaining the options and recommendation to you

Your pension consultant will send you a written report confirming, in plain English, his/her recommendation of which option, in his/her opinion, is best for you.

This should provide you all the information you need to make an informed decision, but if you have any further questions you need answering, then your own pension consultant is always available to you.

This service applies to pensions within the UK. Unlocking your pension will mean that your income will probably be considerably less than you could expect if you waited until your normal retirement date and as such is only suitable for a very limited number of people and circumstances.

If you decide to proceed

We will arrange all the necessary paperwork and ensure that you receive your tax free cash sum and/or income with minimum delay.

What happens if I decide not to proceed?

You are under no obligation to proceed with Pension Release at any time. If you decide, or indeed we recommend that you should not proceed with Pension Release, then there are absolutely NO fees or costs payable at all.