Helping pension scheme members meet the costs of financial advice
We’re pleased to announce the extension of facilitated adviser charging to our WorkSave Buy-Out Plan and Mastertrust. The facility is an option for other trust-based schemes however availability is dependent on the scheme Trustees and rules.
Facilitated adviser charging enables members to meet the cost of professional advice from their pension pot so long as such advice relates directly to their workplace pension or its benefits, for instance:
- Transfers in
- Single lump sum contributions
- Investment advice
- Tax planning
- Retirement options
Payments will be made from the sale of units and advisers are responsible for explaining their charges to the individual member and obtaining signed consent to proceed.
The facility is now available via the WorkSave Pension Plan, WorkSave Pension Trust (including Mastertrust) and WorkSave Buy-Out Plan.
You can download a copy of the guide, application form and suggested internal announcement for members below:
PDF file: Facilitated adviser charge guide PDF size: 41KB
PDF file: Facilitated adviser charge application form PDF size: 57KB
Facilitated adviser charge suggested wording (DOC: 72KB)
For more information, contact your usual Legal & General representative.