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
| For you
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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 1% p.a., reduced to as low as 0.35% p.a. through a management charge discount that depends on the value of the Core Investments.
- A compelling investment proposition, including our Governed Portfolios which help you to select suitable investments for your clients based on their attitude to risk and term to retirement. These portfolios 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 55. The perfect solution for a client who needs access to their pension benefits during turbulent financial times. An additional one-off charge will apply to clients who wish to access the Income Release facility.
- 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 Pension Portfolio on our website.
For professional advisers only
