Peter Neal Pensions

1. Peter Neal Pensions Pension Transfer Specialists Divorce and Pension Transfer Compliance Pension Fund Investment

2. Pension Transfer Specialists Services Provided Transfer Analysis from final salary and occupational pension schemes. Reviews of directors pension arrangements including SIPP and SSAS. Property purchase through pension funds. Pension and divorce splitting (or earmarking) calculations as part of legal process. Income Drawdown services including transfers from final salary to Drawdown. Section 32 buy-out plan reviews. Full client pension reviews by written report. Setting up bespoke Self-Invested Personal Pension Plan�s Compliant file services for case retention by introducing IFA. Full investment management services for Drawdown and Phased/Drawdown provided.

3. Divorce and Pensions CF24 Registered with the FSA to conduct Pension Transfers and to provide advice on all types of pension and pension arrangement Experienced in calculating the true underlying value of pensions Fully able to examine terms and conditions of pension policies and calculate the true values of Guaranteed Annuity Rates, Guaranteed maturity Clauses, and Guaranteed Bonus rates. Experienced in dealing with pension and divorce documentation Experienced in dealing with pension schemes to provide funds at the right time Experienced in dealing with clients faced with a difficult situation Why do you need to use a specialist? To comply with current legislation and FSA rules To provide advice to your client To make sure your own liability is covered and that you are not seen to be providing advice that you are not registered to give.

4. Transfer Compliance If a client receives funds from a pension scheme for whatever reason, the transaction must be �compliant� By that we mean the following; The client must be provided with advice from a registered individual The client must be offered any applicable options The IFA must offer a range of remuneration methods to the client The cost is transparent This needs to be done BEFORE the financial settlement is agreed. If the transfer is from a final salary pension scheme then a full transfer analysis and calculation of the true value of the underlying pension must be calculated and presented to the client and their legal adviser so that a true financial settlement may be arrived at.

5. Example Mr and Mrs Smith Divorce case with you acting for Mrs Smith, Mr Smith has 20 years service with a company Current Salary of Mr Smith �30,000 pa, he is in a 60th basis Final Salary Pension - He is 40. His pension is currently worth 20/60ths of �30,000, = �10,000 per annum. You apply for a CETV and the scheme give you a CETV of �100,000 Mrs Smith is apportioned 50% as part of the overall financial settlement. Is this fair? In the open market that same pension at normal retirement age would cost �280,000 to buy. I have assumed that we use annuity rates applicable at retirement so this is a fair comparison We need to do a full transfer analysis to determine the discount applied to the CETV to asses if the client feels the cash sum is fair. In this example the cash sum if invested over 20 years will need to achieve 8% net compound growth for 20 years to provide a pension equal To �10,000 revalued by inflation over 20 years.

6. Pension and Investment Fund Management A pension is an investment wrapped up in a regulatory format. Once the pension is in place then investment management is key to providing the client with growth and income as required What sort of Investment? Stocks and shares through a stockbroker Insured funds and OEIC investment Shares in the sponsoring company Loan backs to directors Commercial Property Purchase All allowable investments by the Inland Revenue

7. Pensions So what do we advise on? Insured contracts including Stakeholder Pension Plan�s Multifund and self-invested Personal Pension Plan�s Self-Administered and Executive Pension Plan�s and all types of directors or partners pensions. Final Salary Pensions Moneypurchase -contracted in and out Income Drawdown and annuity purchase Death benefits for pensions and Inheritance Tax Planning with pensions. Claims for mis-selling and claims through the Financial Ombudsman Service

8. Why Use Peter Neal Pensions? 25 years experience in the financial services market Registered with the FSA for transfer business Peter Neal Pensions provides transfer and compliance services for the In-Partnership IFA network with 225 independent firms Fee based services with commission offset available Pension transfers is our core business We work with Solicitors all over the UK We understand the divorce and pensions mechanisms We can provide expert witness service if required We have access to specialist actuarial services Access to specialist pensions legal advice if required