
Why get defined benefit advice?
The income you’ll receive from a defined benefit pension is based on both your salary and your length of service with your employer.
Your adviser will review your defined benefit pension and talk you through the pros and cons so you can plot a route towards your retirement goals. They’ll also advise on whether you should transfer your defined benefit pension from one provider to another.
If your pension is worth more than £30,000 you are required by law to get advice before you can transfer.
The benefits of defined benefit advice
How to get started

How much does defined benefit advice cost?
There’s no charge for your first meeting with your adviser – it’s completely free. Once you’ve discussed your financial goals, you can decide together whether advice would help you achieve them.
Your adviser will also be upfront and clear about fees from the start, so you can make an informed decision about whether you’d like to move forward. If you do decide that you'd like a personalised plan, you'll be be asked to sign a Letter of Engagement.
The Aviva Financial Advice approach, and fees, are tailored to your specific circumstances and goals – and they’ll always be explained in detail before any work begins.
Defined Benefit Scheme Valuation
What’s a CETV?
A CETV is a Cash Equivalent Transfer Value. Advisers use it to calculate how much you can transfer from your pension, because of that it is also called a Defined Benefit Scheme Valuation.
I’ve been given a CETV
If your current pension provider has already given you a CETV, please let the team know straight away. It can help speed the process up.
I don’t have a CETV
If your current pension provider hasn't already given you a CETV, its not a problem.
Don't ask them for one – it can slow the process down and end up hurting your pocket. The team can sort this out for you.
Defined benefit advice FAQs
What is a defined benefit (DB) pension transfer?
Will my adviser recommend a direct benefit (DB) pension transfer?
What is abridged advice and how can it help me with a direct benefit (DB) transfer?
Will I still pay an advice fee if my adviser recommends against transferring my defined benefit (DB) pension?
Are keeping or transferring my defined benefit (DB) pension the only options open to me?
Get in touch
Reach out to the team to arrange a chat or book a time for a call back.
0800 056 6532
Monday to Friday: 9:00am - 5:00pm
Weekends and bank holidays: Closed

Useful information
Take a look at some other sources of help and guidance.
Pension Wise
Pension Wise from MoneyHelper is a free, government-backed service, offering clear, impartial and specialist guidance on your retirement options. If you're aged 50 or over, this service is available to you
Tax Help
Tax help can provide you with free independent and expert help and advice on any personal tax problems you may have. You can call them on 033 3207 9921 or visit Tax Help for more information.
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What is a defined benefit pension?
A defined benefit pension is a type of workplace pension that guarantees you an income for retirement. Read on to find out more.

What you need to know about defined benefit transfers
If you have a defined benefit pension, you may be able to transfer it into a defined contribution pension. Read on to find out more.

Defined benefit (DB) pensions versus defined contribution (DC) pensions
What is it that sets defined benefit pensions and defined contribution pensions apart?
Aviva Financial Advice is a trading style of Succession Financial Management Limited, which is part of the Aviva group of companies and is authorised and regulated by the Financial Conduct Authority. Aviva Administration Limited acts as an introducer to Succession Financial Management Limited for financial advice. The financial advice services are provided by Succession Financial Management Limited, not Aviva Administration Limited.
Aviva Administration Limited is registered in England No. 03424940. Aviva, Wellington Row, York, YO90 1WR. Authorised and regulated by the Financial Conduct Authority. Firm Reference Number: 185746. Aviva Administration Limited and Succession Financial Management Limited are subsidiaries of Aviva Life Holdings UK Limited.