Are You Getting the Right Pension Transfer Advice?

More people than ever are reviewing their pension options — but with increased interest comes greater responsibility. At Cleveden Park Wealth, we believe that quality advice isn't just about transferring your pension — it's about understanding your why.

Why Pension Transfers Are on the Rise

Uncertain markets, rising interest rates, and lifestyle changes have prompted a sharp increase in people questioning whether their pension is working hard enough for them. In fact, pension transfer enquiries have more than tripled recently across the UK.

But while more people are exploring their options, not everyone is getting advice that’s tailored to their needs or long-term goals. That’s where the difference lies.

The Risks of Getting It Wrong

Transferring a pension — especially a defined benefit (final salary) pension — isn’t a decision to take lightly. These types of pensions offer valuable guaranteed income, often linked to inflation, and giving that up could mean sacrificing long-term security for short-term flexibility.

Poor advice or DIY transfers may result in:

• Losing guaranteed income benefits

• Unexpected tax implications

• Inadequate investment performance

• Higher fees over time

• Reduced retirement certainty

  
  

When Might a Pension Transfer Be Worth Considering?

Every client is different. For some, transferring a pension may be appropriate — especially if:

• You have other sources of secure income

• You want greater flexibility over how and when you access your pension

• You have a clear plan for passing wealth to your family

• You're comfortable with investment risk and can manage your income over time

  
  

But these are personal decisions, and they should always be backed by a thorough financial plan.

How Cleveden Park Wealth Can Help

At CPW, we take the time to understand your full financial picture — not just your pension pot. Our experienced advisers will help you:

• Assess whether a pension transfer aligns with your life goals

• Model different retirement income scenarios using cashflow forecasting

• Explore tax-efficient withdrawal strategies

• Make informed, confident decisions that support both your lifestyle and legacy

  
  

We work alongside you, not just at the point of transfer, but as your long-term partner through retirement and beyond.

Final Thoughts

Your pension is more than just a number — it’s a cornerstone of your financial future. Before making any changes, it’s vital to speak with an experienced financial adviser who has your best interests at heart.

If you're considering your options or simply want peace of mind about your current pension, get in touch with Cleveden Park Wealth for an initial conversation. We're here to guide you with clarity, care, and confidence.