Pension Services

Pensions are a vital component in ensuring you are financially secure in your retirement.

Pensions are a vital component in ensuring you are financially secure in your retirement.

Over the years, personal pension rules have changed with a view to making them more attractive to people saving up for their retirement. But the main objective has always remained the same, to accumulate funds for retirement.

Because the world of pensions has changed so much, peoples’ knowledge and understanding of pensions may not be maintained to the level they would like. For this reason alone, everyone should undertake a review of their pension(s) scheme(s).

In many cases, older pension policies are outdated, offering limited options at retirement age and may have higher charges.

Furthermore, some of the funds where investments are held are likely to be under-performing. When this is identified, it may be more appropriate to move the fund to an alternative provider.

However, some older pension policies still have valuable guarantees linked to them, so it is important to know what these are. This is why each Periscope Wealth pension review is personalised.

Pensions generally fall into 2 categories Personal or Private Pensions and Occupational Pension Schemes.

Occupational Pension Schemes always fell into 2 categories. Schemes that were directly linked to people’s earnings, known as ‘final salary’ pensions (now referred to as a Defined Benefit Scheme). The other being a scheme similar to a personal pension, in that it was the contributions of both the employee and the employer that built up funds. Those are now expressed as Defined Contribution or Money Purchase Schemes.

A Defined Benefit Pension Scheme will usually have a guaranteed income payable at retirement age. But it is important to understand your options, which is something a review will provide.

However, not everyone will benefit from a review. Since the introduction of the Government’s Pension Reforms in 2015, most people who have built up benefits within a public sector defined benefit pension scheme are unable to transfer these to a personal ‘defined contribution’ pension scheme. So unfortunately, these people are unlikely to have any other option but to remain where they are.

  • Protected advice and free financial review based on your circumstances
  • As Your Pension Partner, we can make your money work harder throughout life
  • If we determine you're better sticking with your existing pension, we'll tell you.
  • Real and personalised advice from financial experts that you can trust

Call us for a free initial consultation

0800 131 0322

Or we can call you back at a time of your choice

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Mon to Thurs: 9:00am - 8:00pm

Fri: 9:00am - 4:00pm

Why undertake your pension review with Periscope Wealth?

  • We are authorised and regulated by the FCA which provides you with protection.

  • We'll check the health of your current pension when we review it and only advise to switch if it benefits you.

  • We will provide you with regular communication, not just a statement and a letter once a year.

  • We are committed to the highest standards of client care.

  • All our pension reviews are fully transparent, free and have no obligation to proceed.

  • We provide tailored advice based on your personal circumstances.

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Start your free no obligation review today!

Simply complete out enquiry form and a member of our expert team will be in touch.