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There
are many reasons why you should consider
letting us review your existing pension
arrangements. The main reasons why you should
consider using this service are:
If you have held a pension for more than
3 years you may be paying higher charges
than necessary also the funds where your
pension is invested may be consistently
under-performing.
Following the events over the last few years
on the stock markets, you may wish to consider
a more cautious approach, It may be that
the fund you have invested into is now closed
to new business and you may also be concerned
about your current pension provider’s
financial strength.
No Initial charges under “Stakeholder
rules”
With
the introduction of “Stakeholder pensions”,
providers had to cap their annual charges
to no more than 1%. The charges under a
new pension are therefore far less than
for a pension taken out in the past. You
may find you have a pension plan that is
overpriced and outdated. It may even be
the case that your current provider offers
a lower charged pension plan that you can
switch your existing pension into.
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No Initial charges under “Stakeholder
rules”
With the introduction
of “Stakeholder pensions”, providers had
to cap their annual charges to no more than 1%. The
charges under a new pension are therefore far less than
for a pension taken out in the past. You may find you
have a pension plan that is overpriced and outdated.
It may even be the case that your current provider offers
a lower charged pension plan that you can switch your
existing pension into.
Annual
Management charges capped at 1%
Stakeholder Pension rules decree that in order for a
provider to offer a stakeholder pension plan they must
cap their annual management charge at 1%. Depending
on the size of your pension fund, this charge, with
many providers can often be less.
When
was the last time you checked how your money was doing?
If you have not reviewed your pension investment in
recent years, you may have your money invested in funds
that are consistently under-performing the market average.
We can compare your current investment fund performance
against the whole market to see if your money is under-achieving.
Your attitude to risk may also have changed from when
you first took out your pension and you might have a
pension that is invested in funds that are either too
risky or maybe too cautious.
What
do we offer!
After gaining your authority we will contact your existing
pension provider for an up to date fund Valuation and
Transfer Valuation along with full details of all the
relevant charges applicable to your pension fund. We
will also ask your pension provider to supply us with
a projection of benefits at your selected retirement
age. This information will then enable us to compare
your current pension plan from both a charging and performance
point of view against the whole market place. We will
then be in a position to advise you the best course
of action to take. We will produce a report that will
highlight the main factors for our recommendation that
could influence whether or not transferring to another
provider is the right thing to do.
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Great British Finance
Limited are authorised and regulated by the
Financial Services Authority (FSA). The FSA
does not regulate some forms of Mortgage, Inheritance
Tax Planning, Credit Cards, Personal Loans,
Deposit Accounts & Insurance. If you are
submitting an online request, we would advise
to read our KeyFacts statement, links are at
the top and bottom of this page. |
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Questions? support@finanz.co.uk
Phone: (+0044) 0845 130 0009 Fax: (+0044) 0845 370 0021
©2003-2006 Great British Finance Limited, E&OE. All Rights Reserved.
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