Final salary pensions, also known as defined benefit pensions, are often described as the "gold standard."

They are gold-plated, cast-iron and guaranteed for life - anyone thinking about not taking the gold-plated guarantee, definitely should be taking some expert pensions advice. Final salary pensions provide a guaranteed income for life, often with inflation protection, and provide stability, peace of mind, and predictable payments.

Transferring may be suitable if you want (and can afford) more flexibility or if your lifestyle/health means it should be considered.

Expert Professional advice is essential (and a legal requirement in most cases).

These are high-value, complex pensions and you should make the most informed decision for you and your family. Our regulator expects you and us, to treat this gold-plated pensions with extra care and attention: You will find some excellent guidance from the FCA here.

The FCA also has some EXCELLENT videos you are encouraged to watch - I’d strongly recommend that you watch the videos and read the guidance from the FCA, and then ponder a bit before taking any action. You will find the videos here - and/or by clicking on the image below.

You’ll hear us saying this a lot: Education before Advice

Suppose you do want to consider a pension transfer, even after considering the consumer guidance from the FCA - then we’d also like you to watch our videos, and you’ll be able to read more about those in the PDF attached (click the button below).

Be cautious and ponder. Then decide the next steps.