Sheffield, United Kingdom (PressExposure) May 16, 2012 -- The service uses a company authorised and regulated by the Financial Services Authority to look at the effect of pension charges on existing pension savings funds and see if people can benefit from transferring to a more competitively charged plan. The result could be more money in people's pensions when they come to retire - without contributing a penny more!
People are likely to be eligible for a free review if they have paid into pensions in the past or are still doing so now, or even if they have contracted out of SERPS. In order to arrange a no cost, no obligation review people can either give Pension Booster a ring or go onto http://www.pensionbooster.co.uk and complete the Call Back form to arrange to be contacted.
Alternatively, Pension Booster are offering the facility to commence the review process on-line by completing on-line forms, which you can be posted (or scanned and emailed) back to enable the review to start immediately.
Why Review a Pension?
A combination of changes in legislation and competition has reduced the charges associated with pension plans in recent years and many providers have not applied these reductions to existing plans and therefore may no longer be the best pension plans available. A reduction in charges means that more of the money contributed into a pension is retained and so the likely pension benefits are increased.
What is a Pension Review?
A pension review finds out the value of existing pensions and then provides a written report that can include the following factors:
1. Details of where the money in existing pension plans are currently invested;
2. A review of the effect of charges being applied to the existing personal pension plans, to see if there is the possibility to increase benefits at retirement by switching to a more competitively charged pension.
3. Information on the fund values and income that could potentially be achieve at retirement (consolidated from all of the pensions someone may have).
What is Pension Boosters role?
Pension Booster do not provide pension advice, but collects relevant information and then refers people to a pension IFA who specialises in this area. With a Pension Review people are under no obligation to take any action that they do not feel is in their best interests. It is their decision whether to act on the outcome of the free review. If people do decide they could be better off by transferring their pension fund to an alternative provider, the steps are fully explained and managed by a company authorised and regulated by the Financial Services Authority.
Pension Booster Ltd is a marketing company which only acts as an introducer to companies who offer Regulated Financial Advice. The Companies who complete our Pension Reviews are authorised and regulated by the Financial Services Authority. Pension Booster is not authorised to give any advice and we are not liable for any financial advice provided by, or obtained through a third party.