The pension transfer process
The process is initiated by the applicant completing our online enquiry form. We will then arrange for one of our Authorised Financial Advisers (AFA) to contact you to arrange a discovery meeting and discuss your individual requirements. If it is appropriate to move on to the next stage, our AFA will then arrange for you to complete a Letter of Authority, so that we can liaise with your current pension scheme product provider(s) or pension scheme trustees.
We will obtain the all necessary pension scheme information, pension fund and transfer valuations, together with the full details of the current pension scheme benefits and future pension scheme projections.
In the interim period, whilst we are awaiting for this data from your previous pension scheme provider, we will have a further follow up meeting with you in order to carry out a full needs analysis of your current circumstances. We will discuss your future retirement plans and establish your attitude to investment risk.
If our advice procees leads to the recommendation of a transfer of your pension benefits to a QROPS, then and only then will we offer you our advice and recommendations as to which of our New Zealand QROPS product provider panel meets with your needs and current circumstances.