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Free pension fund review |
There are many reasons why you should consider letting us review your existing pension fund arrangements. The main reasons why you should consider using this service are:
If you have held a pension for more than 3 years you may be paying higher charges than necessary also the funds where your pension is invested may be consistently under-performing.
Following the events over the last few years on the stock markets, you may wish to consider a more cautious approach, It may be that the fund you have invested into is now closed to new business and you may also be concerned about your current pension provider’s financial strength.
No Initial charges under “Stakeholder rules”
With the introduction of “Stakeholder pensions”, providers had to cap their annual charges to no more than 1.5%. The charges under a new pension are therefore far less than for a pension taken out in the past. You may find you have a pension plan that is overpriced and outdated. It may even be the case that your current provider offers a lower charged pension plan that you can switch your existing pension into.
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Annual Management charges capped at 1.5%
Stakeholder Pension rules decree that in order for a provider to offer a stakeholder pension plan they must cap their annual management charge at 1.5%. Depending on the size of your pension fund, this charge, with many providers can often be less.
When was the last time you checked how your money was doing?
If you have not reviewed your pension investment in recent years, you may have your money invested in funds that are consistently under-performing the market average. We can compare your current investment fund performance against the whole market to see if your money is under-achieving. Your attitude to risk may also have changed from when you first took out your pension and you might have a pension that is invested in funds that are either too risky or maybe too cautious.
What do we offer!
After gaining your authority we will contact your existing pension provider for an up to date fund Valuation and Transfer Valuation along with full details of all the relevant charges applicable to your pension fund. We will also ask your pension provider to supply us with a projection of benefits at your selected retirement age. This information will then enable us to compare your current pension plan from both a charging and performance point of view against the whole market place. We will then be in a position to advise you the best course of action to take. We will produce a report that will highlight the main factors for our recommendation that could influence whether or not transferring to another provider is the right thing to do.
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Great British Finance Limited are authorised and regulated by the Financial Services Authority
(FSA). The FSA does not regulate some forms of Mortgage, Inheritance Tax Planning, Credit
Cards, Personal Loans, Deposit Accounts & Insurance. If you are submitting an online request,
we would advise to read our KeyFacts statement, links are at the top of this page.
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