Client stories

Real people. Real results.

Lionel’s perfect pension solution

After 20 years with his employer, Lionel was nearing retirement. At the time, he had two final salary pensions: a primary scheme and a smaller secondary scheme. He had also managed to accumulate substantial other assets to help support his retirement and was not fully reliant on these pension schemes to fund his ongoing living costs.

Lionel understood that his pensions would provide him with a fixed guaranteed income for life, but Lionel was interested in exploring his options. He also wanted to pay for an upcoming lump sum expense, create more flexibility in how he could use his wealth during retirement – and leave a legacy fund of at least $20,000.

After analysing Lionel’s primary pension, we discovered that it was providing excellent benefits. His secondary pension, on the other hand, had a more favourable transfer value when compared to the ongoing pension he would otherwise receive.

After carefully considering Lionel’s risk profile, capacity for loss, ideal retirement set up and undertaking financial analysis, we recommended that Lionel transfer his second pension to a new arrangement . This meant that his overall pension set up was more aligned with his long-term goals whilst ensuring that his living costs would continue to be met.

A simpler, sweeter life

Receiving separate statements for his four pension schemes at different times of the year, George was having trouble keeping up with his pensions.

When he engaged PX Pension Exchange, our team:

  • Expertly calculated the value of each pension
  • Analysed the respective terms, benefits and transfer costs of each pension
  • Evaluated George’s investment risk profile and clarified his financial goals

We then presented our recommendations, which involved transferring some of his pensions and simplifying his overall pension arrangement. This saved him a substantial amount in fees and charges – and set George up for a less administratively intensive retirement..

Splitting a scheme following divorce

When Joe and Ruth divorced after nine years of marriage, Ruth was awarded a share of Joe’s pension as part of the settlement.

Factoring in all the court documents, we worked closely with Ruth to explore all her options.

Further to our investigations and advice, we ensured that the required part of Joe’s pension was transferred into Ruth’s name to help Ruth achieve her financial goals in retirement.

John’s smart blended strategy

John moved to Australia when he was over 55 with a UK pension worth £350,000. When he first approached us, John wanted to know if there was a better setup available now that he lives in Australia.

Thanks to our international expertise and dual presence in the UK and Australia, we designed a strategy which blended pension products from both regions to optimally set up John’s fund. We also analysed his existing pension to determine what valuable terms or benefits may be lost in the transfer.

This strategy saved John considerable tax and gave him greater flexibility in drawing his pension over time.