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Your Pension Transfer - Freedom or Regret . . ?

Considering a pension transfer value of £650,000 or more?

Wondering if transferring from your employer’s pension scheme really is a wise move?

You’ve probably heard two sorts of pension transfer story.

One of regret. Not sure if they’ve done the right thing. Still worrying about money.

The other of blissful early retirement, freedom from work. Unlimited leisure time.

How do you make sure you don’t end up in the first camp?

It all depends on 2 crucial factorsyou and your choice of advisor

Why your situation is unique

There is no ‘one size fits all’ template for pension transfer advice. Transfers are not right for everyone. The reason? A pension transfer entails giving up the safeguarded benefits of an employer’s Defined Benefit (DB or final salary) scheme. Not least the guaranteed income it promises.

Does that mean it’s out of the question for you then? Again, it depends on your circumstances. There are situations where a transfer can be appropriate and here’s what you need to understand.

Pension Freedoms introduced in 2015 paved the way for those aged 55+ to choose to take income from personal pensions as they wish. The main attraction is the flexibility a personal pension brings – it’s possible to take regular or variable sums from 55. You don’t have to take the 25% tax free cash all at once and it’s fine to carry on working after transferring a pension. And your remaining pot becomes a legacy for anyone you nominate.

If you have an employer’s final salary scheme this would mean transferring the equivalent value into a Defined Contribution (DC) personal pension for you to have control over.

Helen

Helen Blackburn

BA(Hons) DipFA MLIBF AwPETR

Managing Director
ISO 222222 Certified Advisor

  • Pension Transfer Specialist
  • 35 years in financial services
  • 16 years as an Independent Financial Advisor
Nick

Nick Hampton

DipPFS

Senior Investment Advisor
ISO 222222 Certified Advisor

  • Pension Transfer Specialist
  • 30 years in financial services
  • 17 years as an Independent Financial Advisor

Why Your Choice of Advisor is so Important

Your initial advice is crucial – you should only be advised to transfer if it is truly in your best interests. Then, if it is the right decision to transfer you’ll need ongoing management of the funds and cashflow planning to ensure your money doesn’t run out.

In plain sight are unscrupulous advisors who may approach your firm to offer pension transfer advice. This practice is not permitted by The Financial Conduct Authority (FCA) Nor is it permissible for non-advisor introducers to approach you either – they most definitely won’t have your best interests at heart. They may push you towards an advisor who may recommend a pension transfer which may not be suitable for you, but which earns them a large initial fee.

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.

1

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

2

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

3

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

7 Smart Reasons to Consider
Oaklands Wealth Management

  1. 2 Pension Transfer Specialists with 55 years combined expertise.
  2. It costs you nothing to meet us & obtain abridged advice.
  3. We have full FCA regulatory permissions for pensions.
  4. Our service is accredited with British Standard 8577.
  5. To protect your data we are Cyber Essentials certified.
  6. Lifetime cashflow planning
  7. Ongoing advice service
Find out for sure if a Pension Transfer is Right For You

Pension valuation over £650,000? End your uncertainty now. Please leave us your details below. And we’ll be in touch.

Please click HERE to read our GDPR statement.

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Why Oaklands Wealth Management?

Trust

Oaklands Wealth Management is proud to look after the pensions and investments of hundreds of clients throughout their lifetime. You can find over 70 client reviews of our service on the independent trust site Vouched For.

Experience

Since 2013 we’ve held the British Standard BS8577 award For financial planning and advice service. Both our advisors Helen Blackburn and Nick Hampton also hold the International Standard ISO 22222 for ethical personal financial planning.

Proximity

We are based in Sutton Coldfield and serve clients throughout the Midlands. We offer unlimited free meetings – at the moment via Zoom, FaceTime or ‘phone – for you to decide if we are the right advisors for you.

Guarantee

You have 12 months to test us out, risk free. If we don’t live up to your expectations and you move on, we’ll refund our service fees to you.

Pension Transfer Process - How It Works

1

Step - Triage Information on the pros and cons of your existing pension.

2

Step 2 - Abridged Advice Fact Find & Risk Profile to determine if Full Advice is needed.

3

Step 3 - Full Advice Recommendation & Investment Plan if transfer implemented.

Pension Transfer Advice Fees

Triage and Abridged Advice is Free.

Full Advice – Recommendation & Implementation £7,000.

Our annual Service Fee is a % of investment value:

Up to £1 million 1% fee from your fund.
£1 – 4 million 0.75% fee from your fund.
Over £4 million 0.60% fee from your fund.

In addition, annual fund provider & platform charges average 1% of fund value.

We do not charge for withdrawals or fund switches.

* Does not include the initial advice fee or provider & platform charges.

Ready to Discuss Your Requirements?

A Word From
Helen Blackburn,

Founder of Oaklands Wealth Management

A Friend For Your Financial Journey

I established Oaklands Wealth Management in 2004 and have built a team who truly care.

Take your time to get to know us, as we’ll meet without charge as many times as you like.

You’ll find we approach our service like a good friendship. We’ll take a real interest in your life and ask questions. We help you understand how your money can be managed to live the life you want.

We’ll be alongside you to plan your financial journey, check in regularly and make adjustments.

Our clients are from all walks of life. Families, singles, retired. Factory workers, business owners and professionals. All are completely different and all are treated equally.

We have a minimum initial investment of £500,000 (£650,000 for pension transfers).

The Oaklands Wealth Management Investment Process

Every client journey begins with a risk profile and full fact find of your situation.

Then we create a cashflow model to age 100 to project how your money can last you.

All this results in a personal portfolio of FCA regulated funds to invest your money in.

From then on you’ll receive 2 face-to-face or video reviews per year. And ad-hoc advice.

Every month we analyse over 3,500 funds and will make changes to yours if needed.

Please promise me one thing – whether you choose us or another firm, do act now.

Where will you be otherwise in another 30 days? Probably still left wondering, what if . . .

Call us now on 0121-355-4455 or email on appointments@oaklandswealth.com for a confidential chat.

Helen Blackburn BA(Hons) DipFA MLIBF AwPETR
ISO 22222 and LIBF Certified Advisor
Managing Director

How Ian’s Pension
Transfer Worked For Him.

What were the circumstances that caused you to look for an IFA?
After leaving Rolls-Royce after 26 years, I wanted to transfer my pension into an investment fund but I find anything pension or investment related a ‘black art’.

How did Helen Blackburn help you?
Helen reviewed my circumstances and asked me to complete a risk profile questionnaire, which was then used to develop my portfolio.

What is your current situation? Have you seen the outcome you were hoping for?
Definitely, I also appreciate being made to feel part of the Oaklands family, every team member I have come across is an established professional and a pleasure to interact with.

What could they have done better?
I wish I could find a fault, but I’m not going to invent one when one really and truly doesn’t exist. I would recommend Helen, including the whole Oaklands team, in a heartbeat.

A Friend For Your Financial Journey

You know that money can’t buy you happiness. But it’s a lot easier to be happy when you don’t have to worry about your money! When you know your investments are being looked after by a trusted friend, it’s easier to pursue your hopes and dreams and goals. It’s called peace of mind. That’s what our clients tell us they want above all else. So, our culture, values, and guarantees focus on delivering exactly that. Peace of mind. When you join the Oaklands family, you’ll always know how your investments are performing relative to your financial goals. We’ll meet for regular reviews, of course. And, we’ll always be on hand to chat things through if your situation changes or you need to ask questions.