A Brighter Approach to Pensions

03333 224422     enquiries@policyone.co.uk

Our Service

Welcome to PolicyOne

PolicyOne act as an administration company, to service pension enquires from a number of price comparison websites and affiliate companies who want to look after their existing customers. We want to talk to disconcerted customers who are really concerned about what money they will have in their retirement. If it's important, that your pension and cash savings are growing positively, we want to hear from you.

Our staff will work hard to help marry you with the right regulated partners. We only refer customers to a select panel of IFAs (Independent Financial Advisors), who can demonstrate an exemplary service. We are contracted to the IFAs as an administration and fulfilment company.

Our job is to:

  • Explain the role of the IFA and benefits of using one.
  • Establish exactly what types of pensions you currently have.
  • Obtain signed authorities or your permission to forward your information to the most suitable firm.
  • There is no charge to you for our service.

Reasons to use an IFA

We do not charge any fee for our service

You may have taken out your pension many years ago. At that time, the financial advisor would have discussed your attitude to risk and chosen investment funds appropriately. Years later, you are nearing retirement and your risk profile will have inevitably changed. You may be far more cautious and looking to preserve your capital.

Your new IFA will

  1. Write off to the Department for Work and Pensions to obtain a statement of exactly what the New State Pension and any additional state pension benefits or pension credits you are entitled to.
  2. They will do the same on all your paid-up or current pensions.
  3. They will talk to you about your retirement plans and aspirations.
  4. Complete a risk profiling questionnaire to understand your attitude to risk.
  5. Make appropriate recommendations in writing and discuss them with you.
  6. There is no charge for this service.

All IFAs are regulated by the Financial Conduct Authority. They will carry the appropriate pension qualifications to advise you. All are covered by indemnity insurance and subscribe to the FSCS (Financial Services Compensation scheme).

Financial advisors are obligated to “know your client” and to fulfil their professional obligations they will conduct a full financial review. It may be simply your pensions you are looking to address now and any other needs at a later date.

Interested in Fixed Rate ISAs?
 Click here for This is Money article on Corporate Bonds

What should I do now then?

If we have contacted you, it will be because you have completed an online enquiry from one of our partners. To maintain our service standards to them and give you the best service, we are keen to understand your needs and appropriately introduce you to the right Advisor.

If you have already sourced your own solution, let us know, so we don’t “pester you” and can close the file.

Alternatively call us and we will be delighted to assist you.

 

Click here to find out more »

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Once we have received your information, an adviser will be in touch with you


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Testimonials


Pensions News

From: The Spectator

After so many years of waiting for good news on pensions and savings, suddenly so much comes at once. Like the proverbial Number 13 buses, a whole raft of policies has all come at once – and they are good news. It’s also a brilliant Budget for Tory election prospects of course. The devil of some of this will be in the detail but overall this is just good news all round. And will even bring in more tax for the Chancellor short-term as pension lump sums will deliver higher tax revenue than taking small amounts of income or delaying annuity purchase…

» Read full story here

From: Moneysavingexpert

Labour is planning to turn its fire on pension companies which rip off their customers with excessive fees and charges. Party leader Ed Miliband describes overcharging on pensions as "the next chapter" in the scandals which have emerged in the financial services sector, and says he is "determined" to protect people who are seeing as much as half of their pension savings eaten up by fees…

» Read full story here

From: The Guardian

Government announces cap with effect from April 2015, a move that could spare savers fees worth up to £200m a year.

Fees for managing pension pots will be capped at 0.75% from next year, following concerns that rip-off charges have been eroding the value of savings.

Steve Webb, the Lib Dem pensions minister, said the government would put pension charges in a vice and keep squeezing until there was a "full standardised disclosure of all costs and changes".

The new 0.75% charge will apply to auto-enrolment pension schemes from April 2015, potentially saving the public £200m a year.…

» Read full story here

From: Retirement Supermarket

Poor return from pension funds and the abolition of tax incentives has created an environment where saving for retirement is appearing less and less appealing. That’s the view of a leading corporate accountancy company. As an example, a UK pension pot of £100,000 will create annual annuity payments of £7,000 a year – which is £2,000 less than in the year 2000.

» Read full story here

From: This Is Money

A radical relaxing of restrictive pension rules has handed complete freedom – or as some would see it, the burden of responsibility – over to people to decide how to manage their own money in retirement.

Millions saving into a workplace pension scheme will be able to access all of their savings from the age of 55 and with less tax to pay if they choose to do so.

This is a dramatic shift away from the traditional annuity – an insurance product bought with pension savings, which can provide a fixed income for life – towards self-management.

» Read full story here

From: This Is Money

Today, few of us stay in the same job from leaving school to when we retire. The result is that many people have lots of different pension pots. However, combining them could make real financial sense. Purse

Why move your pension?
The most obvious reason for moving a pension is to get better investment performance and lower charges to boost your retirement income. But there's a downside: you could get hit by exit penalties on your existing fund, pay over the odds for advice or be lured into a higher-charging product. And if you are close to retirement you might not have time to recoup the costs even if you do move to a better performing fund.

» Read full story here

About PolicyOne

PolicyOne Ltd is a marketing company. We are not financial advisors and do not give any financial advice to consumers. We introduce to a number of IFA firms and companies who are happy to discuss your current pensions and make appropriate recommendations. Each company is authorised and regulated by the Financial Conduct Authority. We are not authorised to give advice and we are not liable for any financial advice provided by or obtained through a third party. The information published on this website is for information purposes only.

Contact

PolicyOne Ltd
The Flint Glass Works
64 Jersey Street
Manchester
M4 6JW

 Email: enquiries@policyone.co.uk

Telephone: 03333 224422

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