Does A Frozen Final Salary Pension Still Grow? 📈

Does a Frozen Final Salary Pension still grow? The short answer is most likely 'yes' – your frozen pension should continue to grow. However, because neither you nor your former employer will be contributing to the pension, the rate of growth may be reduced. The benefits are typically based on a formula that considers factors such as your final salary and years of service. The growth of the pension is not tied directly to investment returns, as is the case with Defined Contribution Pensions.

Final salary pension is one of the most valuable financial assets you likely have. You can get better performance inside a SIPP by investing the portfolio long term. You should always seek financial advice from an FCA-regulated IFAs who can help you to give you the financial advice that is suited to your situation, goals, and needs.

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The value of your pension could be the biggest asset you have, worth even more than your house. There is no going back, as transfers out of Final Salary schemes are not reversible.
It’s a big decision with a lot of factors to consider, so we’ve put together this guide to make you aware of some of the issues you need to think about.

Key Points of the Video:
1. Do Frozen Final Salary Pensions Grow?:
Explains if and how frozen final salary pensions still increase in value.
Emphasises the significance of final salary pensions in one's financial portfolio, regardless of their size.

2. Comparing Final Salary and SIPP Performance:
Discusses potential better performance in SIPPs vs final salary pensions through long-term equity investment.
Past performance is not a reliable guide to future performance, highlighting the unpredictability of market growth.

3. Growth and Indexation in Final Salary Pensions:
How frozen final salary pensions in the UK continue to grow, even for deferred members.
The variability in indexation methods across different final salary schemes.

4. Individual Financial Circumstances and Transfer Decisions:
Personal financial situations and retirement goals vary, affecting pension transfer decisions.
Pension benefits for spouses and beneficiaries in the event of the pension holder's death.

5. Cameron James' Approach to Pension Advice:
Cameron James' method of working with third-party pension transfer specialists for unbiased advice.
Emphasises the importance of independent evaluation in pension transfer cases.

Video Timestamps:
00:00 Understanding Frozen Final Salary Pensions: Do They Still Grow?
00:18 Final Salary Pension Value: Comparing with Other Assets
01:02 Final Salary vs. SIPP Performance: Weighing the Options
01:44 Growth of Frozen Final Salary Schemes in the UK
02:19 Understanding Indexation in Final Salary Schemes
02:53 FCA and Pensions Regulator Guidance on Pension Transfers
03:58 Should You Transfer Your Final Salary Pension? FCA and TPR Perspectives
04:18 Individual Financial Situations and Retirement Goals
04:41 Pension Beneficiary Considerations in Transfer Decisions
05:17 Evaluating Reasons for Pension Transfer: What Specialists Look For
05:49 Majority of Pension Transfer Cases: Recommendations to Stay in DB Schemes
06:15 Recap and Importance of Safe UK Pension Management

Disclaimer 🚨
All Defined Benefit Pension Transfer Enquiries Completed By Trusted Independent 3rd Party FCA Regulated Pension Transfer Specialist 🔒

The Information on this channel is provided for education and informational purposes only. The information contained in or provided from or through this channel is not intended to be and does not constitute financial advice, investment advice, tax advice, or any other advice. You Should not make any decision, financial, investments, tax, legal, or otherwise, based on any of the information presented on this channel without undertaking independent Due Diligence and Consultation with a Professional IFA or Financial Advisory.

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