A fellow professional?
If you’re a professional with a client holding a pension, we can provide your client with specialist pension advice to enhance your service. We work with financial planners, accountants, lawyers and other service providers to help you offer an expert, fully integrated service.
Removing the complexity of the pension transfer process
UK pension transfers can be complicated as there are a number of different moving parts. As specialists in the pension transfer field, we’re best placed help you provide your clients with an expert service tailored to their needs, while still retaining your client.
We’re authorised to give advice in both the UK and Australia. Being dually licenced, it means we have a deeper understanding of the whole pension transfer process and can better help it progress from beginning to end. It also removes potential compliance risks where incorrect advice can lead to heavy penalties and tax charges for your client.
You’ll have access to a dedicated Pension Transfer Specialist, who will be on hand to provide technical advice and answer any queries you may have. Everything is done in-house, from research to defined benefit analysis all the way through to the transfer process and subsequent admin. The result is a comprehensive service designed to enhance your own offering and add the most value to your client base.
Here’s how we’ll work with you…
Starting the process
We’ll start with an initial fact-finding discussion, to learn what we need to about your client and see whether they qualify. If they do, you’ll complete the relevant compliance documents. At this stage, we write to each pension scheme for a transfer value and prepare a Pension Transfer Analysis report with our recommendations.
Discharge and transfer
Depending on your client’s situation, we may consolidate funds into a UK based SIPP account. This could be to facilitate partial transfers within the Australian contribution limits. We’ll then issue discharge documents allowing a transfer out of the pension scheme.
Additional services
Depending on your client’s circumstances, we can provide additional services on completion of the transfer, such as fund management and ongoing advice.
We can also provide strategies for clients with funds over the Australian non-concessional contributions cap, clients who are under the age of 55 or clients that require an Australian Self-managed Super Fund to be established as a (Qualifying Recognised Overseas Pension Scheme) QROPS. We can also establish retail QROPS, all via our in-house administration service.
