Considering transferring your final salary pension? Watch for this hidden danger

Considering transferring your final salary pension? Watch for this hidden dangerFinal salary pensions have been big news over the past few months. The personal finance press has been awash with articles suggesting members should consider transferring their final salary pension. At the same time, unfortunate members of the BHS and Bernard Matthews pension schemes, will be worried about how their retirement is to be affected by recent events. We regularly advise member of final salary pensions and are becoming increasingly concerned about a potential pitfall we have rarely seen highlighted in the ...

Pensions: 6 reasons why transferring your Final Salary pension is probably a mistake

6 reasons why transferring your Final Salary pension is probably a mistakeIf you are a member of a Final Salary pension scheme you have probably been the envy of your friends for the past few years. Whilst you have the knowledge that your pension is guaranteed, and will probably rise each year in line with inflation, they have had to put up with volatile stock markets and plummeting Annuity rates. But this year the tables have turned, ‘Pensions Freedom’ will give everyone greater access to their pension pot; except of course those ...

Pensions: 5 scams & bad advice that can seriously damage your retirement

We’ve been shocked by some of the pension scams and examples of bad advice we have seen so far this year. For most people a pension, whether it is a workplace scheme, a Personal Pension or indeed a SIPP (Self Invested Personal Pension) will provide part of their income in retirement. However, we are seeing more and more examples of scams and bad advice that could seriously damage your wealth in retirement. We’ve put together a quick checklist of the worst five we have seen and how to avoid them....