Sainsbury's

We have a number of pension transfer specialists who are trained and qualified to give advice about your defined benefit pension options. Call us for a free conversation, with no obligation. We’ll listen to you to understand what you’re hoping to achieve with your pension.

You should have received access to the suite of educational videos to help you understand whether transferring your defined benefit pension is right for you. Please take the time to watch these and chat through any questions you may have with us.

Please be aware that pension transfers with a value of £30,000 or more are required by law to seek financial advice.

After your initial chat, if you've come to the decision that you'd like to proceed with our advice, you'll be required to pay an upfront fee. This will be explained to you clearly right at the start before proceeding. Further information on our fees can be found under 'fees and charges' below.

We’ll send you a welcome pack and some simple questionnaires to help us get to know you.

You’ll then be allocated your own adviser to work with you from start to finish.

In line with the Financial Conduct Authority our advice will begin assuming a transfer out will not be in most people’s best interest. There are certain circumstances where it may make sense to have more flexibility in accessing your pension savings which your adviser will investigate thoroughly as part of the next stage.

Your adviser will have a conversation with you to gather information and discuss your needs and objectives in detail. This will give us a clear picture of your circumstances and what you are trying to achieve.

We will undertake a full review of all your personal, financial, and pension information. We’ll pull all this information together to research and recommend the most suitable solution for you. Our advice may be to keep your pension where it is, or it might be to transfer it. Either way we will explain why.

Your personalised plan will be presented and explained in a report, which we will send to you.

It’s important that you fully understand our recommendations, so we’ll arrange a time to explain the report and ensure you are clear what we are advising you to do. It’s always ok to ask us questions.

If you choose to proceed with our recommendations, leave the rest to us. We’ll set everything up for you and keep you informed every step of the way.

We make advice more accessible by offering our initial consultation for free.

If you’ve agreed to proceed with advice, the Trustees have agreed to pay for the cost of our advice.

If you’d like advice on your defined contribution pensions in conjunction with your defined benefit advice for your Sainsbury's pension, this will be £500 per scheme payable on transfer.

For our ongoing service we charge 0.5% per annum, which is significantly lower than average based on a Which? survey where more than 100 financial advisers were surveyed.

If your pension type isn't shown above, please contact us and we can inform you of the advice fee applicable for that pension.