Hi James, I am looking to transfer an old final salary pension into my existing pension fund, and consolidate them, can you tell me what it will cost to transfer thanks.
Hi Mark Thank you for your email. Unfortunately, as you'll note from the various videos on our channel, and a quick google, it is nowhere near as straightforward as you make it sound. The DB Advice process is very long winded, with lots of moving parts, and the days of transactional advice are long gone. With most people being advised to keep their DB Scheme, especially with valuations where they are now, and 95% of DC schemes not accepting transfers in unless advised to, that there are lots of considerations to take account of. You can get an indicative idea of the costs on our fees page of our website, where you can also book in for a free discovery meeting with one of our advisers. Kind regards Cameron James Team
Hi James, I am looking to transfer an old final salary pension into my existing pension fund, and consolidate them, can you tell me what it will cost to transfer thanks.
Hi Mark
Thank you for your email.
Unfortunately, as you'll note from the various videos on our channel, and a quick google, it is nowhere near as straightforward as you make it sound. The DB Advice process is very long winded, with lots of moving parts, and the days of transactional advice are long gone. With most people being advised to keep their DB Scheme, especially with valuations where they are now, and 95% of DC schemes not accepting transfers in unless advised to, that there are lots of considerations to take account of.
You can get an indicative idea of the costs on our fees page of our website, where you can also book in for a free discovery meeting with one of our advisers.
Kind regards
Cameron James Team
Thanks
Hi Mark, how have you been getting on since we last spoke? Have you made any progress in transferring your DB to your existing DC scheme?
Good video bud
Thank you for your comment.
Have you already, or are you considering, consolidating your pensions?