defined benefit advice

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Get in touch on 0800 056 6532

  • A defined benefit pension can be complicated. Aviva Financial Advice will help you untangle the knots
  • An initial chat with an adviser is completely free and comes with no obligations to go any further
  • Your adviser will put together a personalised plan for you and your goals

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. Aviva Financial Advice will be able to recommend products from the whole of market that fit your retirement needs. 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

  • Personalised plan

    Everyone’s financial situation is unique. Your adviser will be able to tailor a retirement plan according to your specific needs and goals, taking your defined benefit pension into account.

  • Wide open doors

    Your adviser will be able to help regardless of where you hold your pension.

  • Peace of mind

    Defined benefit pensions are complex. Having expert advice can give you confidence and peace of mind that you are making informed decisions about your retirement.

How to get started

  1. Get in touch
    If your investments are worth £75,000 or more, get in touch to set up a meeting. You can book a time for the team to call you back or give them a buzz.08000566532
    Monday to Friday: 9am - 5pm
    Weekends and bank holidays: Closed

    Book a call back
  2. Talk to a member of the team
    Meet your adviser for a chat. There’s no cost and no obligation to go further – it’s just a chance to talk through your financial situation and goals. If your adviser thinks they can help you, they’ll go over the charges before you decide whether to proceed.
  3. Get your plan
    If you decide to go ahead, your adviser will make a recommendation of your best investment options, based on your goals. They’ll explain all your options and you can stay on top of it all with an ongoing advice service.
Person on the phone

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?

See all financial advice FAQs "View all frequently asked questions relating to financial advice"

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

Two people chatting in office

Useful information

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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.