Consolidating them into one plan could really help clients get the most from their savings. And, it could benefit your business too.
Less
paperwork
Having one plan and one yearly statement for a client will make it easier to manage.
Variety of
investment options
You can tailor each investment solution to each client, so it’s as unique as they are.
Saves you time on administration
Our range of online tools can help you run a cost-effective planning and review service.
We know that you’ll be looking for new business opportunities at a time when they’re perhaps more difficult to come by. Pension switching gives you the opportunity to initiate a client review and generate additional income for your business, while helping your clients' pension savings work harder and smarter.
Speak to your usual Royal London contact to find out more about the benefits of Pension Portfolio and switching to us.
Pension Portfolio supports different types of adviser charge, so you can agree a structure that suits you and your client.
Find out more
Consolidating pensions could help clients get more from their pension. It could help them benefit from lower charges, so they get better value for money. And our investments offer you real variety, whether you choose one of our ready-made options, or you create your own solution - there’s something to suit everyone.
Our ready-made Governed Range offers you several options depending on your client’s attitude to risk, and they all benefit from regular reviews, hands-on supervision and ongoing governance to help make sure they meet their objectives. This comes at no extra cost.
As a mutual, we’re run purely for the benefit of our members and customers – so we focus on the things that will make a difference to them, like sharing our profits through ProfitShare and reinvesting our profits to provide better products and services.
Pension switching may not be suitable for all your clients. For example, if they're part of an employer's pension scheme, a Final Salary scheme or their existing plans have any guarantees or enhanced tax-free cash, transferring into a new plan may not be in their best interests.
Here’s some helpful steps to consider when recommending pension switching to your clients:
Our support to you:
Our support to you:
Our business development managers deliver hands-on support to help you grow your business. And they’re backed by a network of expert teams, there to help with anything from initial illustrations to helping your clients access their pension savings.
Speak to your usual Royal London contact to find out more about the benefits of Pension Portfolio and switching to us.
You can use our tools to provide a cost-effective planning and review service for your clients and create visually engaging reports, which you can charge for.
Financial planning
tool
Give your clients a full picture of their different sources of income and how their spending needs could change over time.
Client review
service
Use our client review service as part of your regular review process to show clients how their plan is doing and what their future looks like.
Drawdown governance service
Helps you monitor the income your clients are taking and see when things are heading off track.
Item | Description | |
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Checklist |
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Client facing leaflet |
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Approach letter |
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Pension switching leaflet |
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Investing in your future |
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Remuneration guide |
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Transfer in drawdown - client facing leaflet |
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Transfer in drawdown - approach wording |
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Speak to your usual Royal London contact to find out more about the benefits of Pension Portfolio and switching to us.