Should I Transfer My Final Salary Pension? I Cameron James

Transferring your Final Salary (DB) Pension could be the biggest financial mistake you ever make.

Learn why in 10 mins. From a UK pension transfer specialist with over 10-years pension transfer experience, the instances you should consider Transferring Your UK Final Salary Pension and possible instances Not To Transfer your CETV and instead collect your annual annuity at 60 or 65 (Normal Retirement Age - NRA).

A UK DB Pension Transfer a significant financial planning decision. A DB Transfer is irreversible. So be prudent and do your research before taking Financial Advice to transfer your Cash Equivalent Transfer Value (CETV) or leave it in the UK.

This video would like to help you to learn and understand everything you need to know to help you make a more informed decision.

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Learn More - UK Final Salary / Defined Benefit (DB) Pension Transfers
https://www.cjfinance.co.uk/services/pension-transfers/final-salary-pension/

Video Timestamp:
00:00 - Intro
00:51 - Background to Transferring your UK DB Pension
01:24 - Reasons Not To Transfer
02:32 - Possible Reasons to Transfer
03:53 - Multiple Value
04:50 - Beneficiary with and without SIPP/QROPS
06:52 - GBP Currency Risk for Expat
07:27 - Pension’s Currency in SIPP/QROPS
08:18 - Why You Need Advice from Pension Transfer Specialist
08:41 - How to Find the Best Pension Transfer Specialist
09:54 - Closing
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What is a Final Salary / Defined Benefit (DB) Pension Transfer?

A Final Salary / Defined Benefit (DB) pension transfer is the consolidation of your DB scheme into a private pension arrangement. You are effectively giving up your rights to a guaranteed income for life in return for a one-off Cash Equivalent Transfer Value (CETV).

The Financial Conduct Authority (FCA) has put strict advice procedures in place to protect anyone considering transferring their Final Salary Pension. This has significantly increased the amount of work and costs associated with DB pension transfer, with Professional Indemnity Insurance skyrocketing for IFAs. On the other hand, it ensures that clients receive higher quality financial advice.

UK DB Schemes are different from the Defined Contribution plans, see: https://www.cjfinance.co.uk/services/uk-pension-transfers/defined-contribution-pension-transfer/
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What will you Learn from this Video?

Background factors in transferring your Final Salary/Defined Benefit (DB)?
● Every Situation Is Different

Reason Not To Transfer Your FSP:
❌ Fixed Annuity Paid Annually
❌ Done Deal
❌ Espousal Pension (50%)
❌ Emotional Tie

Possible Reason to Transfer Your FSP
✅ Low-Interest Rate (Gilts)
✅ Rough Multiplier Value Calculation
✅ Pension’s Beneficiary
✅ GBP Currency Risk

Why You Need Advice from Pension Transfer Specialist:
● CETV - 40-50 Pages Document
● Are You Getting A Good/Bad/Average Deal?

Quality to Look In Pension Transfer Specialist
✅ Check IFA Highly Regulated
✅ Are They Qualified?
✅ Highly Regarded in the Industry
✅ Client’s Testimonial
✅ Google Reviews
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Dominic James Murray, CEO and leading Pension Transfer Specialist. Cameron James, helping expats in 23 countries (including the USA and non-UK residents):

➡️ International SIPP - https://www.cjfinance.co.uk/services/uk-pension-transfers/sipp-personal-pension/
➡️ QROPS - https://www.cjfinance.co.uk/services/uk-pension-transfers/qrops-personal-pension/

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#FinalSalary #DefinedBenefit #UKPensionTransfer #FinalSalaryPensionTransfer #DefinedBenefitPensionTransfer #InternationalSIPP #QROPSUSA

Видео Should I Transfer My Final Salary Pension? I Cameron James канала Cameron James