Tracing old pensions
Lost touch with an old pension?
Ever had an old pension that you have lost contact with? Perhaps your’ not sure where to start but luckily we do!
We provide all prospective clients with our no-cost and no obligation tracing service! Obviously we hope to show you how great we are so you will want to stay and use our advice services!
We have helped many pension scheme members to consider what their options are and whether taking a scheme income or (in a small number of cases), whether a transfer may be right for them. If you do decide to transfer into a “drawdown” arrangement, you may be able to choose to:
Firstly you need to get in touch. Sadly, we cannot help you if you don’t ask! when you do get in touch, your adviser will spend around 15 minutes with you on the phone and they will:
- Ask you for any ideas where to start, maybe you remember the name of an old company that no longer exists – we know who “took over” their business!
- Ask you to remember old employers, taking their details
- We know what pension providers worked with which companies (we have an extensive list that is not publicly available)
- We can then use the above to call them directly on your behalf
- Your adviser will email you a “letter of authority”. This is a letter “to whom it concerns” which allows us to approach pension companies for you and locate them
- Upon receipt of the letter, we will then complete the leg work and get those pensions traced!
- You will receive basic details of your pensions, including where they are in writing with no strings attached!
Once the investigations are completed, you can then decide what to do. Once we have amazed you with our expertise, we hope you may consider becoming a client of ours, its as simple as that. If not, we would appreciate a review on the internet and you are free to make your own arrangements.
There are many different types of pensions, for information on their differences and what you can do click here: https://financialfortress.co.uk/what-we-offer/pensions/personal-pensions/
At Financial Fortress, we hold the Pension Transfer Gold Standard from the PFS, have been awarded the title of Pension Transfer Specialists by the FCA and one of the few companies that hold the correct permissions to advise on all pensions. Remember, we are completely independent and have extensive experience with all pensions so you will be in very safe hands indeed!
Authorised and regulated by the Financial Conduct Authority, company reg: 753489
Remember, we are completely independent so work with every single pension provider in the UK and beyond!
Before you claim your pension, it is vital you get good advice – you could lose some irreplaceable guarantees if not investigated properly!
Remember, once you have committed to taking your pension, usually via an annuity, your decision is irrevocable and can’t be changed.
Are you approaching or already over 55? If so, you can decide to defer retirement until a later time or start to withdraw your money and enter some sort of flexible drawdown strategy straight away. You may choose to claim it in one go as a lump sum (but remember three quarters of your pension pot will be taxed) or release your pension money over an extended period of time. We call this a “phased” approach.
You may only want to cash out just your tax-free cash (or pension commencement lump sum) subject to the limit of 25% or one-quarter of your fund. You may want to consolidate or get together multiple pensions in order to merge them into one easier to understand arrangement. Whatever you need your named and dedicated expert will guide you through the entire process!
What our clients say
I would highly recommend Financial Fortress for any advice sought on pensions. The team are very friendly, operate within a relaxed environment and are extremely knowledgeable whilst illustrating options available.
– Gill (Facebook review)
Have nothing but positive things to say about Financial Fortress – everyone has been incredibly welcoming and personable from the first meeting.
– Lewis (Facebook review)
The team are very passionate about what they do & they make sure they get you the right policy for you. They spend time fine tuning your wants & needs to get the perfect policy.
– Victoria (Facebook review)