Work with
Pension Works

 

Pension Works are one of the UK’s leading independent, Defined Benefit Advice specialists. We support financial advisers by advising on their clients’ Defined Benefit pension transfers, whilst allowing them to retain the funds under management and receive up to 30% of our implementation fee.

 

We would strongly recommend Pension Works to any Financial Services business looking to introduce pension related consumer enquiries.

Financial Advice Group – Leeds

Our Team

Our team of pension transfer specialists are fully authorised and directly regulated by the Financial Conduct Authority. Using industry-leading systems we provide high-quality, compliant Defined Benefit Transfer advice to clients throughout the UK.

Our Service

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 both internally and externally to ensure that we only ever provide advice that is in the client’s best interest.

Purely Independent

Unlike some other IFA’s, Pension Works are completely independent. We work with a huge variety of insurance companies and have access to hundreds of products. These are some of the companies we work with:

Trusted, Ethical, Transparent Advice.

 

Client Criteria

We believe that financial advice should be available to the masses. With this in mind, we apply the following case acceptance criteria:

  • Minimum DB pension value £30,000
  • Minimum age 50
  • Not on means tested benefits
  • Not an insistent client
  • Not a self-investor
  • British Resident
  • If working, they must pay tax in the UK

Our team of pension experts are fully authorised and directly regulated by the Financial Conduct Authority. You can be confident that advice is delivered to the highest industry standard with clear, simple and jargon-free language.

 

We love happy clients

So we are delighted to be rated ‘Excellent’ on Trustpilot.

 
 

Frequently Asked Questions

All our Advisers are directly employed by Pension Works and we accept full liability for the Advice that we provide.
Our internal systems and teams are highly efficient. By deploying our bespoke software, our resource of over 15 paraplanners, and specific liaison teams, we can process cases extremely effectively and meet deadlines wherever possible.
Our operation is specifically designed to cater for high volumes of referrals whilst maintaining high levels of customer service.
We work with the likes of Liverpool Victoria (Personal Pension), Prudential (Retirement Account), Scottish Widows (Retirement Account), Aegon (One Retirement), and others.
We do what we can to cater for preferences within the boundaries of our advice but cannot guarantee the outcome of the Advice process.
Yes. Introducer fees can be sacrificed and deducted from the client fee at your request.

Our Process

Simply visit www.pensionworks.co.uk/hub/ to complete our online Business Due Diligence document & an Introducer Agreement. This process should only take you a few minutes and once complete you will be provided with access to our Introducer Hub.
Client details and supporting documentation are submitted via our bespoke introducer portal.
We gather any required information from the scheme and one of our qualified PTS’s carries out a full fact find with the client.
Our experienced team will analyse all information on the case and assess the suitability of a transfer. Our Advice is detailed in a comprehensive suitability report. All aspects are explained to the client by their allocated Adviser in a one-to-one telephone meeting.
Should a transfer be found suitable, and the client wish to proceed, we issue the required documents and facilitate the transfer.
Pension Works receive the full fee and make payment to you of the relevant Pay-Away. Our agency is removed allowing the Introducing Adviser to provide ongoing advice.

Introducer Hub

Our Introducer Hub allows you to sign up as a partner and submit a client case within 15 minutes and monitor its progress throughout:

1.) Customer List

Allows you to view all clients you have introduced to Pension Works. Along with their current status, level of Pay-Away, unique reference numbers and more.

2.) New Customer

Allows you to introduce a new client to Pension Works. The type and amount of information you upload at this point affects your level of Pay-Away.

3.) Document Library

View the latest version of the Pension Works Terms of Business and other important documents.

4.) Company Admin

Manage your company information, address and user accounts for the Pension Works Introducer Portal.

Ready to get started?

If you would like to start introducing client to Pension Works, get started today by clicking the button below:

 
 

 

Our Fees

Defined Benefit Review Service

 

 Fund Value Fee Fee
Report Writing Fee £495
Implementation Fees  
First £50,000 3%
All Remaining 2.5%
Minimum Fee £2,499
Maximum Fee £14,950

 

Example of Our Fees

Example Of Our Fees Fund Value Transferred Fee Percentage Fee
Defined Benefit Review £75,000  Minimum Fee + Report Fee £2,995
  £250,000 2.8% £6,995

Example: A £150,000 Defined Benefit pension would have a charge rate of 3.0% (Report writing fee £495, Implementation charges first £50,000 at 3% then £100,000 at 2.5%)

Independent, Impartial, Service.

No Pressure, Convenient, Flexible.

Pay-Away

Introducer Pay-Away is calculated and paid from the client Implementation Fee and paid within days of receipt of payment from the scheme.

We know that each of our Partners, and each of their clients, are different so we offer three tiers of Pay-Away, each defined by the information received on submission of the case:

Lead Type Percentage Pay Out What information do you need to supply?
Standard 20% Personal Details
Packaged Basic 25% Personal Details
    Signed Pension Works LOA
Packaged Enhanced 30% Personal Details
    Signed Pension Works LOA
    Full policy information for the pensions we are to advise on.

Have questions?

If you’d like to speak to a member of our team before you consider signing up, please fill in our enquiry form below:

  • Enquiry Form