EU residents & the impact of Brexit on UK pensions The financial services sector remains confused by the UK’s last-minute Brexit deal. EU-based advisers with UK resident clients, and UK-based advisory firms with EU resident clients must ensure they have
What is a defined benefit (DB) pension scheme?
Defined benefit pension schemes explained A defined benefit (“DB”) scheme is a type of pension where income at retirement is pre-defined. Instead of saving up a pot of pension money, investing it and hoping for positive results, a DB pension
Pension Scheme Database Updated!
We’ve updated our defined benefit pension scheme database Our pension scheme database offers headline scheme benefit information and contact details for an array of UK final salary schemes. We want to help you trace lost pension money. Use our database
Is the 3 month CETV guarantee long enough?
Is the 3 month pension guarantee period enough time? Defined benefit (final salary) pension transfer members are entitled to one free Cash Equivalent Transfer Value (CETV) each year. The CETV is the amount a scheme member can transfer from a
What is an enhanced or impaired pension annuity?
Improved pension income for those in poor health What is a pension annuity? A pension annuity is a secure retirement income. Those retiring with a pension pot will be presented with a range of options to convert that pension into
NEW! Pension Transfer Value Calculator
Cash Equivalent Transfer Value (CETV) Calculation Estimator We’re pleased to launch our new calculator for defined benefit transfer values. Our calculator has been designed to provide you with a rough estimate of the transfer value you may be quoted by
Defined Benefit v Defined Contribution
What are defined benefit and defined contribution pension schemes? Large employers often design a bespoke benefits package for their employees. Staff are sectioned off into benefit tiers. A certain level of pension is awarded, usually linked to service. Many pension
Head to Head: BP Pension Fund v Shell Contributory Pension Fund (SCPF)
Why do BP and Shell offer different employee pension benefits? Defined benefit pension schemes are ‘designed’ by the employer as an employee benefit. That means they all have different structures and benefits. Schemes can differ in terms of death benefits,
What is an ‘International’ Self Invested Personal Pension (SIPP)?
The International SIPP is a UK pension designed for expats An international SIPP is a fully functional UK Self-Invested Personal Pension (SIPP) plan designed specifically for non-UK residents. It works in the same way as a UK SIPP, but with
Full pension withdrawal – a good idea?
Can I withdraw my UK pension? Unfortunately, we’ve had this question a lot recently. In simple terms, yes. You must be over minimum pension age (55 years) and have a pension which allows full withdrawal. If your pension doesn’t allow