Defined Benefit Scheme
A defined benefit pension scheme is one that provides its members 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.
Platinum Financial are able to provide independent financial advice to both members and trustees of defined-benefit pension schemes.
Independent financial advice can be provided to members regarding the benefits they hold and what they may be worth in the future, along with other elements such as dependants’ 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.
As independent financial advisers, we are more than a stand alone investment service. We can advise, implement, administer and communicate your pension scheme, as well as provide retirement planning advice and financial education.
We are central to the 3 vital aspects of your occupational pension scheme;
- Scheme Administration
- Actuarial Reporting
- Investment Solutions
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.
The Financial Conduct Authority does not regulate occupational pensions.