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Defined Benefit Pension Transfers
It has proved increasingly difficult for members of Defined Benefit ( Final Salary ) schemes who may be considering transferring their benefits to individual pension plans to obtain honest. impartial advice, recent negative publicity has also forced the Financial Conduct Authority to further tighten the rules to improve consumer protection. This has led to increased insurance costs and a reduction in the number of firms willing to give advice, so a leading professional body, the Personal Finance Society, has designed a Gold Standard service which adopts nine major principles addressing all of the regulatory concerns.
Twigden Asset Management has been accepted as Gold Standard, which means that any enquiries will be referred to the nominated adviser holding the Pension Transfer Specialist qualifications, which include pensions and investments to a high level. In the first instance members will be taken through an education process, after which they can decide whether to pay for the comprehensive advice and recommendation service, which is charged on a non-contingent basis and therefore does not affect the advice outcome.
Please feel free to read the short consumer guide explaining the Gold Standard, and contact the firm should you wish to obtain further information or advice.