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Read moreThe 3 Stage Pension Transfer Process
The aim of pensions transfer triage is to give a prospective client sufficient information about safeguarded and flexible benefits, to help them decide whether or not to take advice on the transfer or conversion of their pension.
The requirement for this came into being on 1st October 2020 as mandated by the Financial Conduct Authority (FCA).
Triage is not advice, however. It is the first of 3 stages of a pension transfer enquiry process.
Here’s our process covering the 3 stages:
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:
- Our advisors recommend you stay in your existing pension scheme. Or,
- 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.
If you’re considering a pension transfer call us now on 0121-355-4455 or email us at appointments@oaklandswealth.com to receive your triage pack.
IMAGINE YOUR PENSION & SAVINGS 100% UNDER CONTROL…
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Read moreOUR INDEPENDENT FINANCIAL ADVISORS
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.
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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...
“After great dissatisfaction with the service of major high street banking group I approached Oaklands to manage my pension and investment portfolio. They have provided sound advice on pre- retirement planning and achieved a good return on our capital as well now in retirement. The service offered by Helen and the team at Oaklands is second to none.”
A WORD FROM OUR CLIENTS...
“When my circumstances changed through divorce I visited Helen at Oaklands Wealth where she very clearly explained all my options in a way I understood. I’m very pleased with the outcome from the pension and investment advice and Helen couldn’t have been more friendly and helpful.”
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.
