Delivering trusted advice

At Pension Works, it’s our job to make sure your pension is working hard and helping to deliver the comfortable retirement you deserve.

Whether you’re an experienced investor, or this is the first time you’ve thought about checking your pension funds, our friendly and expert team of pension professionals will deliver advice that will always be in your best financial interests.

Get in touch

You are making the right choice

You’ve taken the first steps to a brighter retirement.

The last thing you need when getting to your retirement age is realising that your pension will not allow you to do what you want, or that poor investments have now left you short.

We believe in delivering expert pension advice to everyone, helping people across the UK take control of their pensions to secure a comfortable retirement. We believe in accomodating the needs and flexibility of all our clients, which is why our advice is delivered to you remotely.

Pension Works are completely independent, meaning that we work with the most trusted and well known pension providers in the UK.

We are always working for you in a transparent manner to deliver jargon-free, professional advice that is affordable and at a time that suits you.

Get in touch

Our Services

Pensions can often be confusing, full of complex jargon and hidden fees. We are pension experts and using our experience and knowledge, we will breakdown the barriers and explain your pension to you in plain English. We guarantee that the advice we deliver will always be in your best financial interests.

Please see below the two types of pensions that we advise on:

Defined Benefit
(Final Salary Pension)

People employed or previously employed by large firms may have enrolled into the firm’s Defined Benefit pension scheme. Defined Benefit pensions (DB), sometimes called Final Salary pensions, offer the employee a secure income for life and usually increase year on year.

Find out more

Defined Contribution
(Private Pension)

Defined Contribution (DC) or ‘Money Purchase’ pensions are the most common type of pension fund. They usually come in the form of a private pension or stakeholder pension that are either arranged by you directly or through your employer within your workplace pension.

Find out more

Our Values

Treat everyone as an individual

Everyone has personal aims and goals when it comes to their money. We will always listen to your needs and deliver advice that’s personal to you.

Working to high professional standards

All of our teams and advisers are fully trained to a high professional standard. We never rest on our laurels, and continually look to develop our people and business practices.

Putting you at the centre of everything we do

Our business is built upon a strong foundation of developing and maintaining relationships with our clients, today and for the future. Putting you at the centre of everything we do allows us to deliver excellent customer service and satisfaction.

Ensuring you understand the advice given

We know that financial products can be complicated. Not fully understanding the advice we give, could affect your ability to make confident financial decisions. Our advisers will always speak to you in plain English, leaving out all the financial jargon, and make sure that you’re comfortable with the advice we are delivering.

Looking to work with us?

We support financial advisers across the UK by advising on their clients’ Defined Benefit pension transfers, whilst allowing them to retain the funds under management.

With ISO9001 accreditation and the Pension Transfer Gold Standard, we consistently strive to provide exceptional levels of customer service and compliance. Every single file is compliance checked multiple times to ensure that we only ever provide advice that is in the client’s best interest.

Find out more

Now working with over 850 IFA firms across the UK

ISO 9001
accredited

meeting the international standard for quality management

5 Star
Trustpilot rating

consistent positive customer feedback

Independent
and transparent

we are not tied to a single
pension provider

Authorised and regulated by the FCA

for your peace of mind

Get in touch

What our clients say

I have received excellent service from the team at Pension Works. They have always been very friendly on the phone and quick to respond. The IFA dealing with my transfer, Paul Chester, explained everything in simple but informative terms making sure I understood the implications of the transfer in respect of my overall retirement as well as the costs incurred so there were no surprises.

Wendy Wilson - March 2021

My experiences with PensionWorks have been very positive. Very professional service with skilled people taking you through the process and explaining every step. Communications very good and timely as well which enabled everything to flow seamlessly.

Tony Stewart - June 2021

Excellent service from James at pension works,direct and clear cut ,every detail wether it was plus or a negative explained in a manner that you can understand clearly, would certainly recommend them to handle your financial investment.

Stephen Barber - February 2021

Used Pension Works to discuss transferring my defined benefits pension after seeing the excellent reviews they received. Process was extremely simple and they kept me informed throughout the review. Everyone I spoke to from the initial contact right through to the advised was extremely helpful and friendly would definitely recommend

Mandy MacKenzie - May 2021

Alastair Milner provided a very professional service from start to finish. Extremely knowledgeable, undertook a detailed fact find and fully understood what I was trying to achieve. Provide sound, clear and concise advice. Clearly a people person who puts customer service top of his agenda. I would highly recommend Pension Works and Alastair.

Colin M - August 2021

Paul Chester made what can be a difficult process as easy as possible. He made a clear case for both the pros and cons of transferring out of a defined benefit scheme whilst listening to and understanding my needs. He worked quickly and efficiently and was easy to reach when I needed questions answered...an easy 5/5 from me.

Andrew Gordon - July 2021

*Defined Contribution Pensions*	These are ‘Pot of Money’ pensions where the benefits provided take into account the value of the fund at retirement. They can be personal pensions or Occupational Pensions. There are no guarantees as to what pension will be provided. This will be a reflection of contributions made and investment growth.
*Defined Benefit Pensions*	These offer the promise of a guaranteed pension at retirement which reflects the length of service with an employer. It will be based on either the Final Salary or Average Career Salary of the employee. Providing the company is still in existence, there is no investment risk for the pension receiver. This type of pension is becoming less frequent.
*Private Pensions*	This is a generic term for pensions that are not workplace schemes.
*Group Personal Pensions*	Employer-sponsored schemes – each member has a personal pension plan, and their contract is with the pension provider. The employer’s role solely is to select the scheme provider, decide if there should be any restrictions on fund choices and take contributions from the employee’s pay and forward them with employer contributions to the pension provider.
*Self-Employed Pensions*	A private pension arrangement or personal pension is taken out by a sole-trader or self-employed worker.
*SERPS Pensions*	State Earnings Related Pension (formerly Graduated Pension and subsequently State 2nd Pension or S2P) was an additional element of State Pension for employees. The amount of pension was linked to the employee’s salary. SERPS was abolished in 2016 when the flat rate State Pension was introduced.
*Personal Pensions*	Private pensions are contracts between the pension member and an insurance company or another pension provider.
*SIPP Pensions*	These are personal pensions where the member has a much wider choice of investments, including commercial property and single company shares.
*Stakeholder Pensions*	Personal Pensions with a set of rules that impose amongst other things a maximum annual management charge (AMC), low minimum contribution levels (£20 per month) and an appropriate Default fund.
*FSAVC Pensions*	Private pension linked to an employer’s Defined Benefit Scheme but separate from the Scheme’s internal Additional Voluntary Contribution (AVC) arrangement – largely defunct since the rules were eased several years ago, allowing people to contribute to both personal and employment schemes as they wish.
*Money Purchase Pensions*	This is another name for Defined Contribution Pensions.

Delivering trusted advice

You are making the right choice