Pension Transfer Fee

xylophone

You need a Pension Transfer Specialist.

https://adviserbook.co.uk/

Tick "confirmed independent" and "Pension Transfer".

Once you have found your adviser, you need to enquire of him as to if regardless of whether his recommendation is positive, he will provide you with a written statement giving his FCA registration number and confirming


that he has provided "Damo" with financial advice on the proposed transaction (the transfer of safeguarded benefits from XYZ Pension Scheme);

that he has the appropriate permissions to carry out the transaction

You will need to give this to the Administrator of the ceding scheme before the transfer will be permitted.

You will then need to find a scheme to accept the transfer bearing in mind that not all will accept a DB transfer against advice - discussed here.

https://forums.moneysavingexpert.com/discussion/6038905

dam01163

Seems high but I have s similar CETV. Would you mind replying with their contact info as I may call them too

craig1912

Keith_Clunk wrote: »

Those fees sound horrendous, but I'm someone who's never possessed a final salary pension. If these are the charges IFA's expect for a simple transfer and those greedy ongoing charges then I'm happy I never did.

We don't know how old the mother is or when the pension is due, or it's terms relating to payout.

Pension freedoms are great until IFA's get involved.

Why comment when you don’t know what you are talking about?