Adviser > Individual > 2010 > Pension Consolidation
Pension Consolidation
Your clients may have accumulated a number of different pension plans over the course of their working lives. This doesn't have to be the case, and consolidating their pension savings in one place could have significant benefits for them, and for you.
Benefits of having a single pension plan
| For you
| For the client
|
A full assessment of your client's needs must be performed and key features, including a projection which is personal to your client's circumstances, must be provided if a recommendation for a new product is made.
How we can help you and your clients with consolidation
Our flexible Pension Portfolio product - our flagship individual pension plan - is the ideal pension vehicle to consolidate your clients' pensions into. It offers:
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an integrated income drawdown facility, Income Release, which allows clients to access their benefits at a time and in a way that suits their individual circumstances from age 55
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a compelling investment proposition – to help you select suitable investments for your clients based on their attitude to risk and term to retirement
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a highly competitive charging structure – your clients only pay for what they use and the charges reduce as the fund size grows
- an attractive remuneration option, Financial Adviser's Fee, which allows you to receive up to 7.5% of the value of the transfers as the payment for your advice.
Support material
Download the following resources to help you consolidate your clients' pension arrangements:
| Guides
| Client material |
For professional advisers only
