Pension transfer advice
Pension transfer advice on all types of pensions
PX will provide you with independent pension transfer advice to determine the most suitable outcome for your retirement – considering your financial circumstances, priorities and objectives.
We help you understand your pension options
You’ll have access to our specialist pension financial advisers who will ensure that you are aware of all the options. We consider your financial situation to determine whether it makes sense to transfer from your existing scheme.
We give you pension transfer advice that will help determine the most suitable outcome for you, based on the types of pension holdings you have and your personal circumstances. We’re independent of product providers and not restricted to limited selection of products or providers.
We offer an initial investigation through our abridged advice service that can help you to understand your financial situation and the options you have available. Just ask about this. You can find out more about what to expect from the FCA website. [You will be taken to a separate website, where we are not responsible for the content]
Our role as ethical and professional advisor
PX has adopted and promotes the Pension Transfer Gold Standard, which means we adhere to a set of guiding principles for this specific type of financial advice.
You can be confident that you are dealing with an ethical adviser and professional advice firm that has your best interests at heart when receiving financial advice in relation to whether or not you should transfer your pension.
Most often we will advise on transferring a defined benefit pension scheme. The law and FCA guidance is very clear that, if you have transfer value of more than £30,000, you must take advice from a firm like PX; a firm that is authorised by the FCA and can offer advice on the risks and benefits of making changes to your defined benefit pension.
We are obliged to confirm to the trustees of your defined benefit scheme that you have taken full advice before they can transfer your defined benefit pension to a defined contribution scheme. Sometimes the transfer of a pension scheme is not in your best financial interests and we will let you know if this is the case.
Of course we’re also transparent about our fees. Whether you require full advice or abridged advice, we will always be open about what it’s going to cost before you commit to anything.
We abide by the Pension Transfer Gold Standard.
We have never accepted product-based commissions and always focus on the clients’ best interests.