Jump to main content Jump to main navigation Jump to secondary navigation Jump to related links Jump to legal information Log in | Home | Contact Us | Site Map |

About Us Consumers Advisers Employers Media

Scottish Life: A division of Royal London

Adviser  >  News  >  September 2008  >  Pension consolidation – the power of one

Pension consolidation – the power of one

You must have clients who have accumulated a number of different pension plans over the course of their working life. Yes? Then this could provide the ideal opportunity for you to generate additional revenue for your business during this turbulent financial period.

What are the benefits?

For your clients

  • All your client’s pension savings in one place so only one source of information
  • Potentially lower charges
  • Coherent investment strategy
  • Governance of investments

For you

  • An opportunity to generate additional Income for your business
  • All your client’s pension savings in one place making it easier to review
  • Better informed clients who understand their retirement goals and are therefore more likely to value your services

Transfers depend on personal circumstances and may not always be in an individual's best interests.

Why consider it?

Support Material

To help you maximise this opportunity we’ve put together some support material to help you:

People are changing jobs more often and it’s not uncommon for them to have built up a collection of employer sponsored and personal pensions.

Post A-Day full concurrency and more generous funding limits have made it a lot more attractive for clients to consolidate their retirement savings in one place.

How can we help?

Pension Portfolio is our modern, flexible solution in which to consolidate your clients’ pensions. It offers:

  • A competitive charging structure with a basic charge of 0.7% p.a., reduced to as low as 0.45% p.a. for funds in excess of £21,600.
  • A compelling investment proposition, including our Managed Strategies which help you to select suitable investments for your clients based on their attitude to risk and term to retirement. These strategies have clear and defined objectives, properly measured risk profiles and a rigorous transparent management process including automatic rebalancing to ensure that your client’s original asset allocation is maintained.
  • Integrated income drawdown facility Income Release, which allows clients to access their benefits at a time and in a way to suit their individual circumstances from age 50 (55 from 6 April 2010).  The perfect solution for a client who needs access to their pension benefits during turbulent financial times.
  • Attractive remuneration model, Financial Adviser’s Fee (FAF). Up to 7.5% FAF can be taken on transfers and single payments and up to 75% of the first years payments can be taken as FAF on regular payments.

Find out more

If you'd like more information then please contact your usual Scottish Life representative. Alternatively, find out more about  on our website.

                                                                                                                                                                                                                 

Back to top
Legal Disclaimer

© Scottish Life, St Andrew House, 1 Thistle Street, Edinburgh, EH2 1DG.
Scottish Life is a division of Royal London and markets products produced by Royal London. Royal London consists of The Royal London Mutual Insurance Society Limited and its subsidiaries. The Royal London Mutual Insurance Society Limited provides life and pension products, is a member of the Association of British Insurers and is authorised and regulated by the Financial Services Authority, registration number 117672. Royal London Marketing Limited acts as an insurance intermediary for general insurance products and is authorised and regulated by the Financial Services Authority, registration number 302391.