The Pension Schemes Act 2015 introduced the concept of safeguarded benefits from 6 April 2015. It also placed a requirement on some individuals to take financial advice before they can give up safeguarded benefits. We take a look at what safeguarded benefits are and when an individual needs to take advice to give them up.
What are the rules regarding transfers to overseas pension schemes?
Advisers are receiving an increasing number of requests from clients looking to transfer their pension from defined benefit schemes to personal pensions. In this article we look at the 3 main topics we get questions on.
Protecting tax-free cash on transfer is, and always has been, one of the most popular queries we receive. More specifically, what happens if an individual who is entitled to tax-free cash of more than 25% is transferring to another plan?
In specie transfers involve a transfer of assets between two pension schemes, and usually involve shares, property and/or funds.