pension plan advice and retirement plan analysis from pension probe

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Our Pension Plan analysis service can be used to check both personal pensions and the deferred pensions from previous employments - the initial analysis is free.

The Benefits of a check to you

Personal Pensions and Retirement Annuity Plans
taken out prior to April 2001

These schemes are likely to be of the "high expense" variety common prior to the introduction of Stakeholder pensions in 2001. Since then providers have introduced new, lower charge, better value pensions which, on a like-for-like basis, will provide a higher pension at retirement.

Reducing charges can make a significant difference to the growth of your pension fund and your final pensions at no cost to you.

We may also take the opportunity to consider the performance of the scheme and its suitability with regard to your circumstances and intentions.

Typical providers of these plans were:-

  • Prudential
  • Pearl
  • United Friendly
  • N.P.I
  • Scottish Equitable
  • Scottish Widows
  • Norwich Union
  • Refuge
  • Royal & Sun Alliance

Deferred or "Frozen" Schemes from Previous Employments
may be either Cash Based (Money Purchase) or Salary Linked (Defined Benefits)

Cash Based Schemes

These too can suffer from the same high expenses and poor performance of old-style Personal Pensions. The size of the final "pot" is important - it buys your pension.

Salary Linked Schemes

While the benefits of these schemes are fixed by reference to your salary or service, they are not guaranteed to be paid.

There are increasing concerns over the solvency of some Employers' Occupational Schemes and an insolvent scheme will not be able to meet in full the benefits of its members: many pensioners have received reduced benefits or in some cases, nothing at all.

What do I do next?

Contact us.

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