A defined-benefit pension scheme is a one that provides its member’s with a known amount of benefit on retirement regardless of investment performance or the level of charges and member contributions. The benefits provided are normally linked to length of service and the member’s earnings but can be made up of several elements or layers, making understanding them quite complex.
We are able to provide advice to both members and trustees of defined-benefit pension schemes. Providing advice to members requires both specialist qualifications and specific regulatory permissions.
Advice can be provided to members regarding the benefits that they hold and what they may be worth in the future along with other elements such as dependant’s pensions, future annual increases and a scheme’s funding position. Our advisers can also discuss options, along with their benefits and drawbacks, that may be available to members who wish to transfer their benefits from their current scheme to another pension provider. For Trustees, we can provide advice regarding scheme investment strategies and the reduction of scheme deficits including scheme restructuring, pension increase exchange options and enhanced transfer value projects.
Cestrian Life & Pensions Limited is an appointed representative of LJ Financial Planning Limited, who are authorised and regulated by the Financial Conduct Authority (FCA), 12 Endeavour Square, Stratford, London, E20 1JN. Our firm reference number is 507741, LJ Financial Planning reference number is 429142.