What is a no obligation pension review?

Speak with the right type of financial adviser and you can find out if your pension is on track to make your dreams for the future a reality – with no obligation to follow the advice.

The quick and easy guide to no obligation pension reviews

If you are thinking of reviewing your pension then this guide is for you. And one of your first questions might well be, “why would I want to review my pension?” We will cover this and more, finishing up with answers to some questions we are often asked.

The headline facts at a glance

We get it, pensions can be dull. The exciting bit is what you ultimately get from them: the opportunities, the freedom to live the life you want, to treat yourself and others. This is why looking after your pension is so important, to make sure the exciting bit is as good as possible.

The simplest way to look after your pension is to get it reviewed by an expert and the cost for this can vary. We believe you shouldn’t have to make any sort of commitment, financial or otherwise, to find out how your pension could be improved. That’s why the only type of pension review we offer is one that comes with no obligation. Before we explain what this means in a bit more detail, let’s look at some of the most common reasons for reviewing a pension in the first place.


Why should I review my pension?

Your pension could have a big impact on how you live your life in the future. So, if it’s not performing how you need it to then the sooner you review your pension and make any necessary changes the better, whatever stage of life you are at.

Are you currently saving into a pension?

Even just small tweaks could improve your pot by thousands of pounds in the long term.

Are you thinking about the pension freedoms?

If you are aged 55 or over you have a lot of options when it comes to taking money from your pension. It’s best to check which one is right for you before making any decisions.

Are you thinking about retiring in a few years?

There are some great new pension products that will protect your pot from stock market crashes without severely affecting its growth.

Are you thinking about a retirement income?

If you are ready to take an income from your pension then the decisions that you make now could go a long way to making your plans and dreams a reality.

What does a no obligation pension review really mean?

To answer this question let’s first look at the absolute minimum you should expect from any type of pension review:

  • A clear picture of your current pension, how it’s performing and the options available to you. Boat in Ocean
  • An assessment of your current circumstances including what you want to achieve, both now and in the future.
  • A recommendation for your pension clearly detailing how any suggested changes should help you to meet your objectives.
  • An explanation of any benefits you might lose by transferring away from your current provider and how the recommended change could compensate for this.
  • A quote for how much it will cost you to follow the recommendation and how your pension would be managed in the future.

So, what’s the no obligation bit all about? Quite simply:

  • You will not have to pay a penny for your pension review or recommendation.
  • There is no commitment on your part to follow the advice you receive. If you decide that the recommendation is not right for you then you can walk away…with no obligation.

How do I know who to ask for a no obligation pension review?

You should only use a regulated financial adviser; you can find all of these listed on the Financial Conduct Authority register (link to register). For example, our company number is 754580. If a company you are dealing with is not listed then they are not authorised to give regulated financial advice.

Even if a company or adviser is listed it doesn’t mean that they can offer you a no obligation pension review. If you are not sure then why not get in touch with us. We have already helped more than 14,000 clients with their pensions and currently look after more than a quarter of a billion pounds worth of savings.


Claim your free personal pension guide

Pension GuideWhat’s covered:

  • A deliciously quick overview of what types of pension you might have
  • The reasons why a transfer could be right for you
  • Industry phrases and what they mean
  • How our approach is different to most, if not all, financial advisers

 


More information...

Hopefully you have found all the information you need in this guide. We have answered a few other questions below and if you are still looking for more information they why not give us a call…it’s often easier to talk things through.

How do I know if it’s time to review my pension?

With a no obligation review it will not cost you a penny to find out if you could change your current pension for the better. So, at the least you will get the peace of mind of knowing that you have checked your pension and it’s on track. And if you could do better elsewhere then now is the right time to make a change.

If other companies are charging to review pensions, how can you afford not to?

We don’t like to boast but we are quite big in the advice world and that means we can negotiate great deals for our clients across the whole market. The result is that more often than not clients choose to go with our recommendation. And if they choose not to then quite frankly we don’t think they should have to pay a fee. That’s a point of principle and one we can afford to stick to.

If I decide to go with the recommendation for my pension, how do I pay?

As part of our no obligation review we clearly state the fee we would charge if you instructed us to go ahead with our recommendation. And we would take that fee from your pension fund, so you won’t have to find the money from elsewhere.

Call 0800 304 7288 for a friendly chat about your pension

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Stephen finished his documentary

Documentary-maker Stephen took money from his pension to complete his long-in-the-making documentary “After ‘82”, which explores the history of the AIDS crisis in the UK. Click the link to watch Stephen's story.

 

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Alan's pension release story

Pension cash enabled Alan to clear debts

Alan had credit cards charging high rates of interest. Taking some tax-free cash from one of his pensions allowed Alan to clear the cards, and the rest remained invested for the future. Click the link below to watch Alan's story.

 

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Finding Mark's pension

Finding old pensions changed Mark’s future

Mark wanted us to find his pensions from previous jobs. Tracking them down gave him almost £20,000 more for the future. We then combined them into a single pension fund, giving more control than before. Click the link below to watch Mark's story.

 

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Frequently asked questions

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