Transferring a Final Salary Pension or Defined Benefit Pension requires time and a lot of paperwork. Especially with the new legislation set by the DWP that allows ceding schemes to remove your statutory right to transfer your DB pension. This means, it will take more time for the ceding scheme to do the due diligence to ensure that you are not getting ripped or scammed. 🔒
Now, this is where an experienced and well-regarded IFA will come into play. An experienced IFA is not only an assurance that you will get the best service, but they also understand how to make the transfer time-efficient. Moreover, a well-regarded IFA is cost-effective, meaning that they will have a transparent cost and nothing to hide or surprise from you. The good news is, Cameron James surpass those requirements to ensure that you get the top and safe service. ✔️
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Video Timestamp:
00:00 - Intro
00:25 - DB Pension Transfer - How Long Does It Take?
00:33 - Process in DB Pension Transfer
01:13 - Current Context - What is Happening Now?
01:43 - Red Flags in DB Pension Transfer
02:22 - New Legislation
02:53 - Before Transferring Your DB Pension
04:17 - Checklist for Qualified IFA
05:01 - DB Pension Transfer at Cameron James
06:35 - Closing
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Dominic James Murray, CEO and leading Pension Transfer Specialist of Cameron James. Helping expats in 23 countries for over 10 years (including the USA and non-UK residents)
#FinalSalary #DefinedBenefit #Finance
Thanks for watching the video How Long Does A Defined Benefit Pension Transfer Take? | Cameron James
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