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Home > Pension Transfer Service >
Octagon Consultancy retirement specialists offer a full transfer value analysis service for clients and Independent Financial Advisers who do not specialise in the area of pension transfers.
We have three individuals who are qualified to G60 standard and we are active in the field of analysing Personal Pensions and Occupational Pension Schemes. As IFAs in the high net worth and corporate market we have extensive knowledge of Money Purchase and Final Salary Schemes as well as more complicated structures such as Small Self Administered Schemes and Self Invested Pension Plans. Our extensive experience in this area means that we are able to offer a complete analysis and recommendation service for clients who need advice on their existing Pension Scheme benefits.
For individuals approaching or at point of retirement, organizing pension funds in a manner which maximizes benefits are essential. We consider annuities and the best terms available through to more sophisticated solutions including post-retirement investment advice within ‘income drawdown’ whilst minimizing tax on benefits and reducing exposure to Inheritance Tax.
We will consider all situations including:
• Clients who have left a company and wish to review their deferred benefits with previous employer.
• Where a Scheme is being “wound-up”.
• Clients considering early retirement with existing Pension Scheme.
• Clients wanting to release tax-free cash from their arrangements.
• Clients wishing to take Unsecured Pension or Phased Retirement.
• Clients who are simply unhappy with level of Scheme charges or fund performance.
• Clients who wish to consolidate all of their pension assets onto one, easy to administer wealth management account.
For any client or adviser the issues to consider surrounding Occupational Scheme transfers (particularly from a Final Salary Scheme) are complex. Therefore it is strongly recommended that those who do not specialise in this area engage the services of specialists who can carry the compliance burden and offer appropriate advice.
Octagon are prepared to take ownership of cases and go and see your clients if necessary to take them through the process from beginning to end.
Alternatively we will be happy to offer an initial “back office” type arrangement whereby after your initial contact with your client we will be able to perform an analysis of their benefits once relevant information has been obtained.
We are happy to work on a fee or brokerage split basis depending upon our level of involvement and will discuss this with you on a case by case basis.
We will consider all options open to your clients including:
• Leaving preserved pension with ex-employer.
• Transferring to new Company Pension Scheme if available.
• Transferring to Stakeholder or Personal Pension Plan.
• Final Salary guarantees and Scheme wind-ups, if applicable.
If you are not sure what to do and want advice, or simply have a question initially please contact us directly on 0117 9331 661 or alternatively email: rod.albright@octagonconsultancy.co.uk.
Octagon Consultancy Ltd is an appointed representative of Sage Financial Services Ltd, which is authorised and regulated by the Financial Services Authority.
Sage Financial Services is entered on the FSA register (www.fsa.gov.uk/register) under reference 150452.
The FSA do not regulate some forms of mortgages.
The information and content of this site is intended for UK consumers only, and is subject to the UK regulatory regime.
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