Pension & Investment Advice
Home visits throughout Lanarkshire & Glasgow
Contact DM FinancialTEL: 01698 815 006  


Defined Benefit pensions, also known as a Final Salary pension, provide a guaranteed income for life. These pensions would normally include annual increases and provisions for a spouse and possibly dependent children in event of your death. Generally it is not normally in your best interests to transfer from a defined benefit pension scheme as these arrangements will provide you with a guaranteed and sustainable income when you retire.

There may some very specific occasions where it may be a good idea to transfer however this would very much depend on your own individual circumstances.

Watch our 2 minute video explaining Defined Benefit (Final Salary) pensions including the advice process

At DM Pension & Investment Solutions we always carry out a detailed analysis of your personal circumstances before making any recommendation to transfer from a Defined Benefit scheme. Our advice process is comprehensive and would follow certain steps. We are independent and offer initial advice services with optional ongoing advice services.


In the first instance we will discuss our services and the cost of these services at our initial meeting. We always provide the cost of our services in writing before providing advice. This way you know the cost our services in pounds and pence. Once you have confirmed in writing you are happy for us to proceed to the next stage, we will complete what is known as a factfind. This is a detailed questionnaire allowing us to understand your circumstances, needs and objectives. We will also discuss and ascertain your attitude to investment risk. This will include discussing your knowledge and experience of investing money and how much risk are you able, and willing to take.

We will carry out research of your pension scheme and provide a transfer analysis. This report will include a detailed comparison of the benefits available in the defined benefit pension scheme against the benefits available in any proposed new product. It will detail the cost of replacing the benefits that are being given up and compare areas such as death benefits, income levels, tax-free cash and income sustainability. As well as a transfer analysis we will provide a suitability report detailing our advice. This comprehensive report will pull together your needs and objectives together with our recommended solution to meet those needs. This report will include advantages and disadvantages as well as considering future needs. Cashflow modelling helps us to consider your ability to still pay bills in retirement if you lost some or all of your pension fund.

Our job is to produce a suitable recommendation which is in your best interest.

Whether a pension transfer is right for you will depend on your circumstances. CONTACT US to find out how we can help.

Click here to read TESTIMONIALS from our satisfied customers.

To arrange a home visit please phone 01698 815 006 or visit our CONTACT US page.


DM Pension & Investment Solutions Ltd is authorised and regulated
by the Financial Conduct Authority under reference 758771.