What does our Pension Income Service cost?

The cost of our service depends on the pension income option you choose and whether you select your own product through our pension income specialists or buy a recommended product from our Financial Advisors.

We provide no-obligation illustrations for all our products and we'll only receive a commission or fee if you purchase your pension income option through our Pension Income Service.

  • Lifetime Annuities – A guaranteed pension income for life

    If after speaking to one of our pension income specialists you are happy to make your own decision to buy a pension annuity, known as a non-advised service, we are paid a commission from the provider you have selected through our service. This will have been factored in to your plan.

    If you have chosen for one of our Financial Advisors to make a recommendation on which pension income option is right for you and a pension annuity is selected, an advice fee starting from 2.25% of your pension savings after tax-free cash has been taken is payable subject to a minimum of £1,395.

    Due to changes in Government legislation, if you have a Defined Benefit or a Final Salary scheme, a one-off, non-refundable fee of £395 will be charged in advance to cover the cost of a full Transfer Value Analysis System report (TVAS report) which is used to identify and compare the benefits available under your current Defined Benefit/Final Salary scheme(s) to allow your Financial Advisor to recommend whether it would be more suitable for you to transfer your pension savings or remain in your existing scheme.

    Click here to find out more about Lifetime Annuities »
  • Fixed-term Annuities - Security & flexibility for your pension savings

    If after speaking to one of our pension income specialists you are happy to make your own decision to buy a Fixed-Term Annuity, known as a non-advised service, we are paid a commission from the provider you have selected through our service. This will have been factored in to your plan.

    If you have chosen for one of our Financial Advisors to make a recommendation on which pension income option is right for you and a Fixed-Term Annuity is selected, an advice fee starting from 2.25% of your pension savings after tax-free cash has been taken is payable subject to a minimum of £1,395.

    Due to changes in Government legislation, if you have a Defined Benefit or a Final Salary scheme, a one-off, non-refundable fee of £395 will be charged in advance to cover the cost of a full Transfer Value Analysis System report (TVAS report) which is used to identify and compare the benefits available under your current Defined Benefit/Final Salary scheme(s) to allow your Financial Advisor to recommend whether it would be more suitable for you to transfer your pension savings or remain in your existing scheme.

    Click here to find out more about Fixed-Term Annuities »
  • Drawdown – The flexible way to access your pension

    After one of our Financial Advisors has provided you with a personal recommendation on which pension-income option is right for you and pension drawdown is selected, an advice fee starting from 2.25% of your pension savings after tax-free cash has been taken is payable subject to a minimum of £1,395.

    Due to changes in Government legislation, if you have a Defined Benefit or a Final Salary scheme, a one-off, non-refundable fee of £395 will be charged in advance to cover the cost of a full Transfer Value Analysis System report (TVAS report) which is used to identify and compare the benefits available under your current Defined Benefit/Final Salary scheme(s) to allow your Financial Advisor to recommend whether it would be more suitable for you to transfer your pension savings or remain in your existing scheme.

    Click here to find out more about Drawdown »

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