3D Global can guide you with regard to making the most of your preserved pension plans whether they are defined benefit schemes, personal pensions, stakeholder pensions or even a self-invested pension plan arrangement.
If your scheme(s) are defined benefit contracts (with built-in guarantees such as safeguarded benefits) we will work closely with a firm authorised and regulated in the UK, who will provide the appropriate advice as required. These companies offer a full bespoke pension transfer report. This will enable you to make an informed decision whether to perhaps transfer to another arrangement or remain where you are and take the benefits at a specific time frame.
Taking benefits such as the pension commencement lump sum will have an impact as to future retirement income and may affect your overall standard of living in later years. So the correct advice is vital from the outset. It is therefore important to discuss fully your expectations from your pension pot(s) with a member of our Pensions Committee. They’ll guide you every step of the way in order for you to obtain the maximum benefit from your plan(s) and offer you the appropriate solution to meet your needs which may even after discussion be to remain with the current set up.
In addition, the advisor(s) will take note of your risk profile and your requirements for income both perhaps now and in future retirement and beyond.
Remember analysis of your pension funds and putting together recommendations can in itself be a lengthy process and will in some instances incur an initial fee payable to a third party such as a UK based firm if they are engaged to complete a full review on your behalf, relating to defined benefit schemes.
It is worth reminding that 3D Global’s involvement with defined benefit transfers is solely limited to that of the investment vehicle adopted and the ongoing servicing of that investment product.
3D Global can also advise on ROPS (Recognised Overseas Pension Schemes) with several Trustee Companies predominately based in the EU. These plans can be trustee based or contractual schemes.
Further information on all of the above can be obtained from our Head Office and/or the Pensions Committee.