Retirement Planning Project

Members Login
Username 
 
Password 
    Remember Me  
Post Info TOPIC: Why do I need to pay for advice


Newbie

Status: Offline
Posts: 1
Date:
Why do I need to pay for advice
Permalink  
 


My scheme have told me that I need to pay for financial advice if I want to get my hands on my pension - I don't think this is fair but where can I get advice and how much will it cost?



__________________


Billy

Status: Offline
Posts: 100
Date:
Permalink  
 

The Government has made a rule that anybody with 'safeguarded benefits' e.g. financial salary pension, must take financial advice

Here are some useful words from The Money Advice Service

 

"If you’re able to transfer out of your defined benefit scheme and this involves cash equivalent transfer value of £30,000 or over, you’ll be required to get regulated financial advice first. The Trustees of the scheme can’t transfer any value of £30,000 or over unless this has been signed off by a regulated financial adviser with the required specialisms."

Better Retirement can give you advice on final salary transfers



__________________
Page 1 of 1  sorted by
 
Quick Reply

Please log in to post quick replies.