Kevin approached Audley as he had seen stories in the Press saying that his old final salary pension scheme was likely to be moved into the Pension Protection fund (PPF). The PPF still offers guaranteed benefits but at a lower level than that offered by his pension. Some of Kevin’s ex colleagues had transferred their benefits away from the scheme due to this news. Audley contacted the Pension Administrators and ran an analysis based on if he stayed with the scheme under PPF rules or, accepted a transfer value and moved to a personal pension. It became clear that even the reduced pension through the PPF, offered a better and more secure income than accepting a transfer away. This has enabled Kevin to be reassured that despite the changes he will still receive a valuable guaranteed pension.
Pension Transfer Advice – Kevin’s Story
Pension Transfer Advice