Oaklands Details

0121 355 4455
info@oaklandswealth.com
12A Duke Street
Sutton Coldfield
West Midlands
B72 1RJ

Oaklands Wealth Management Ltd

MARK’S PENSION TRANSFER DILEMMA

MARK’S PENSION TRANSFER DILEMMA

Mark had the opportunity to transfer his company pension. He’d seen friends around him hang up their work boots for a while now.

Enjoying long lazy days touring the country in the family campervan. Or cruising round the crystal clear, turquoise waters of the Mediterranean

Some had described the feeling of freedom like winning the lottery. Well, they now had more money in their own pension than they could ever have dreamed about. And what’s more, to spend as they wish.

One had described how helping the kids get on the housing ladder had brought a feeling of pride like no other. Mortgage paid off too said another, that’s a blessed relief!

IT WAS ALL VERY CONFUSING.

Others waxed lyrical about the feeling a nest egg gives you. Not wanting to be reckless with it. Never that, knowing it needs to last a lifetime. No, the simple primeval instinct of security – the comfort which can only come from knowing you’ll always have enough.

Mark also knew the company pension scheme had one major advantage – the income was guaranteed.

He’d also heard some of his colleagues were turned down by their advisor, unable to transfer their company pensions. He couldn’t figure out why it seemed ok for some and not for others?

Schedule a chat

He kept thinking he hadn’t worked all his life to risk trashing his pension now. What if a transfer didn’t work out or he lost all his money on the stock market?

On the other hand he thought, there’s only one life we know about. It’s the one I have now with the people who are dear to me. And this is my only chance to be in charge of my own future.

Sitting on the fence wasn’t his style. He needed to know for sure. Not spend more time worrying about it.

Mark came to our offices to talk everything through. His aim was to find out if it was possible to transfer his pension and continue working. He wanted to explore if it was the right option for his retirement circumstances. He also wanted to know how his money would be invested and managed if he did transfer.

Like us all he wanted reassurance his money wouldn’t run out, ever.

THE 3 MUST HAVES FOR
PENSION TRANSFER ADVICE

Please ask these 3 questions of any advisors you approach. Rest assured, here at Oaklands Wealth we meet all 3 criteria, with our specialists having advised on hundreds of pension transfer cases.

Also remember – Pension transfer valuations expire in 3 months. So pick a firm with efficient processes.

Your next step is simple – schedule a call with one of our friendly Pension Transfer Specialists now.

Get in touch

Advisors must have the FCA approved qualifications to be Pension Transfer Specialists

The firm they work for must have FCA permissions to advise on pension transfers.

The firm must have sufficient levels of Professional Indemnity (PI) insurance to protect you.

THE NEW 3 STAGE PENSION TRANSFER PROCESS

STAGE 1 TRIAGE

  • Upon enquiry we’ll check if you have our minimum investment value of £650,000.
  • Next, we’ll send you a brochure to explain the different types of pensions including information about the State Pension.
  • At this stage we’ll book a 45 minute Discovery Meeting to find out the reasons why you are considering transferring your company pension.
  • If upon consideration you wish to look into this further you move onto Stage 2 – Abridged Advice.

There is no charge for this stage.

STAGE 2 ABRIDGED ADVICE

Using our cashflow planning system, we shall show you whether you can achieve your retirement objectives from your existing scheme.

There can only be 2 outcomes of this meeting:

  1. Our advisors recommend you stay in your existing pension scheme. Or,
  2. We recommend you proceed to Stage 3 – Full Advice.

There is no charge for this stage.

STAGE 3 FULL ADVICE

At this stage we look into your situation and needs in much greater detail.

We also do a comparison of benefits from your current scheme against a personal pension. To aid our analysis we carry out full cashflow planning.

There is a fee of £7,000 for this stage, regardless of whether our advisors recommend you to transfer your pension or to remain in your existing scheme. If the recommendation is to transfer this fee may be taken from your investments.

These additional steps need to be read in conjunction with our client journey.

OUR INDEPENDENT FINANCIAL ADVISORS

Helen Blackburn IFA Pension Transfer Specialist
Nick

THINKING OF MOVING FROM YOUR EXISTING ADVISOR?

It’s easy to move on from another advisor.
We’ll handle everything.

All that’s needed is for you to sign some letters of authorisation and we’ll do the rest.

None of your investments will be switched into new funds until you’ve agreed with our recommendations and you’re fully happy with any changes we propose.

Schedule a chat

7 KEY FEATURES OF THE OAKLANDS WEALTH MANAGEMENT SERVICE

British Standard BS 8577 Awarded Service

12 Month Money Back Service Guarantee

Lifetime Cashflow Planning

Risk Adjusted Personal Investment Portfolio

ISO 222222 Certified Financial Advisors

Monthly Fund Analysis

2 Investment Portfolio Reviews Per Year

A WORD FROM OUR CLIENTS...

“Deciding to retire early I needed professional ongoing advice to navigate our financial future. Upon visiting Oaklands, the options were clearly explained and a risk analysis undertaken. Even during these strange times, regular reviews and conversations are taking place and I felt I made the right decision choosing Oaklands.”

Rob Parkes

A WORD FROM OUR CLIENTS...

“Upon leaving Rolls-Royce after 26 years, I wanted to transfer my pension into an investment fund but find anything investment related a ‘black art’. Helen reviewed my circumstances and risk profile to develop my portfolio. Every Oaklands’ team member I’ve seen is an established professional and I would recommend Helen and her team in a heartbeat.”

Ian Foster

A FRIEND FOR YOUR FINANCIAL JOURNEY...

THIS IS NOT A DIY SERVICE – WE TAKE FULL RESPONSIBILITY FOR SETTING UP YOUR PENSIONS AND SAVINGS. FOR LIFE.

No half measures. We don’t set it up then leave you all at sea. We manage your investments ongoing and hold ourselves accountable for steering you through your financial journey.

This phrase came from a client who said that’s exactly what we felt like to him, he said “you are like a friend or good neighbour who’s always got my best interests at heart.”

Whatever the reason you come to us we care. We really care. Like it’s our own money.

Tidying up bit and bobs of pensions and putting them neatly in a pot you have full control over.

Maybe transferring a final salary pension if your objectives are better met with your own pension.

Making sure you get all the tax efficiencies legally available to you to enhance your money.

Pointing the microscope on 3,000+ funds and finding the best ones to secure your retirement.

Get in touch
FEES
FEES
Find out more
OUR TEAM
OUR TEAM
Find out more
CLIENT JOURNEY
CLIENT JOURNEY
Find out more
OUR CHARITIES
OUR CHARITIES
Find out more