Pension Transfer Services for Financial Advisers
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As Pension Transfer Specialists with many years of experience, we are able to help you help your clients with a range of pension issues. These include:
- Occupational Pension Transfers to personal pensions and SIPPs
- Retirement Options (including transfers for unsecured pensions)
- Pension and Divorce Credit Transfers
We offer a number of competitively priced service options to meet the requirements of advisers who prefer not to get involved with pension transfers and also those who are willing and able to handle all stages of the advice but appreciate a comprehensive and independent financial report!
Introducer Service
Enables advisers, who are unable to advise on pension transfers, to introduce clients with pension transfer inquiries, rather than turn away the business. We believe in building strong relationships with our Introducers and look to work with them to find the best solutions for the clients.
Win/Win Situation!
As introducers you get the benefit of working with a professional partnership that values service and quality and your clients get the advantage of expert pension transfer service.
There are fee or commission options, with a share of any commission of up to 50% to the Introducer. Setting up an Introducer Agreement is straightforward. Just get in touch and we will send you an agreement to sign and return to us.
Pension Transfer Specialists (PTS)
FSA rules allow directly regulated firms to appoint a pension transfer specialist to sign off transfer advice on their behalf. Providing your firm has permission to conduct pension transfers and opt outs, one or more Juniper adviser can be appointed as PTS for your firm. You are able to maintain full client contact, leaving the preparation of the TVAS report and checking and signing off the suitability letter to your Juniper PTS.
Outsourcer Service
We provide Pension Transfer Analysis reports covering all financial aspects of a pension transfer on an outsourcer basis. This service is for advisers who are authorised to carry out pensions transfer and want to advise the client themselves. Our reports include plenty of technical information (including critical yields at two ages, benefit comparisons on three growth scenarios etc) but are easy to read and attractively presented. We can provide reports for final salary and occupational money purchase schemes.
satisfied adviser from St Albans
FAQs
Q: I have G60/AF3 – does this mean I can do pension transfers myself?
A: Not necessarily. Your firm will need to be registered with the FSA to conduct pension transfer and opt out business and you will need to be registered as a CF30 for your firm.
Q: What type of transfers need Pension Transfer Specialist sign off?
A: All transfers coming from occupational schemes and going to personal arrangements. These include final salary schemes, occupational money purchase schemes (eg CIMPs, COMPs and EPPs), plus S32s containing GMP and deferred annuity contracts. It can also includes a transfer of pension sharing credit coming from an occupational pension scheme.
Q: If a client wants to transfer a final salary scheme into the scheme of their new employer do I need a transfer analysis?
A: No. A transfer of an occupational scheme to an occupational scheme is not giving individual advice and is outside the requirements of the FSA rules. However the client may wish to get an actuary to check that the offer made by the new scheme is reasonable.
Q: Do you offer a fee basis for the Introducer service?
A: Yes – we offer all clients a choice of fees or commissions basis. Our fees and charges list is available on request. Fees are fixed and split into two components – initial advice and implementation – so a client pays only for the service they require.
Q: What do I get out of referring a client to you for a pension transfer?
A: Apart from the benefits of being able to refer your client for specialist advice – there is a financial reward too! If we are working on a commission basis and a transfer proceeds you get a share of commission generated up to 50%. On the fee basis it is sometimes possible to arrange for an Introducer Fee to be taken from the policy.
Q: How can I be sure that you will not approach my client for other business?
A: Our Introducer Agreement specifically prevents us from approaching clients for other business. We believe in working with our Introducers in a fair and honest way and would not do anything to breach the trust we establish with them.
Q: How do I start referring clients?
A: Just call us and we can set up an Introducer Agreement and explain the process to you in more detail.
If you would like to know more about any aspect of our services please email juniper@juniperpensions.co.uk or call 01903 237116