FinancialAdvice.co.uk Logo

Qualified advisers answering your
Financial Questions
call 0800 092 1245

Have you instigated a pension fund transfer recently?

As the UK pension fund industry gets set for major changes in the future the FSA (Financial Services Authority) has again questioned the quality of advice given to some pension fund members who transferred out of employee pension schemes. If you have recently transferred from an employee pension scheme into a private pension arrangement it may be worthwhile checking the terms of your transfer and whether indeed the advice which was given was correct at the time and correct for your circumstances.

While there's no doubt that the vast majority of pension advisers in the UK have acted in accordance with rules and regulations and well within the law, some customers may well have been given incorrect advice at the time of their move. There is also an issue as to whether the vast majority of those who executed a pension fund transfers were fully aware all the potential implications at the time and whether indeed they know how the transfer may impact upon their retirement funding.

The potential insinuation that a transfer from a company pension scheme to a private arrangement is always the wrong move is incorrect because it will depend upon personal circumstances, terms of the pension fund in question and transfer terms.

Share this..

Related stories

Financial Guides

Financial Calculators

Our useful calculators can help you get your finances in order:



Latest News

Blogs

Helpful new tax year facts that could affect you and your money


Blog | Seven helpful new 2016/2017 tax year facts that could affect you and your money. Our recent online blog shares a brief outline on how to stay up to date.


Read more

Useful Links

Popular Searches

Please Enter More Details

 
Enter More Details
Continue