Money Purchase Scheme, (Defined Contribution Scheme)    

The pension income you receive from a money purchase scheme (Personal Pension, Stakeholder, SIPP & AVC) is based on the size of your pension fund, the annuity rates available and the type of annuity or payment taken. 

The contributions made to your retirement fund; together with your investment’s return and charges will determine how large your fund becomes.   

You can take up to a quarter of your pension fund in cash, as a tax-free lump sum. The remaining fund must be used to provide you with an income, which is taxable.    

You decide when to take income from your “money purchase” pension fund and you don’t have to stop working to do this.   You cannot convert your pension savings before you are 50 (going up to 55 by 2010) and you must have converted them by your 75th birthday.  

Why Consider Transferring Your Pension  

If you relish your investments working harder... relentlessly getting better returns, over and over and over again... Then a pension transfer to a Figaro portfolio may be the answer.  Use Figaro to jump start your pension or investments and drive their performance through the roof . Or, you can continue doing it the slow way. Your choice!     

This may be the most profitable site you've stumbled across in a very long time… and we have the results to prove it. 

Figaro Performance Analysis    

Figaro Analysis was created in 1999 by Iain Smith and used as an online tool to compare the performance of investments.  As ‘Runner up online IFA of the year 2000’ Iain Smith won much acclaim from the press for his analysis, including:   

With the investment issues created by the credit crunch, Iain evolved Figaro Analysis from a tool used to select individual investments into a tool used in the creation of a range of risk‑graded investment portfolios.    

Figaro Portfolios

Figaro Fund Analysis has been developed, tested and perfected. Techniques and strategies have been created that are unbelievably powerful in achieving outstanding investment performance.    

Using Figaro Analysis™ we have reviewed the performance of THOUSANDS of funds. Not ten funds. Not hundreds... but thousands!    

Our analysis quantifies how much value a fund manager’s investment style has added during both favourable and unfavourable market conditions. Then, by drawing from this menu of the best funds, ten portfolios were created and launched on 1st December 2008, (five pension and five general investment (ISA-able) portfolios).     

All of Figaro’s portfolios have done well since launch with most in the top 10% within each of their Sectors.  Including Figaro’s Balanced pension Portfolio which has achieved 35.49%, ranking the balanced portfolio’s performance among the top 1%!   

Pension Transfer Money Purchase Scheme

A pension transfer from a money purchase scheme means moving your pension fund from one pension scheme provider to another. You cannot normally take the cash lump-sum instead of a pension, as it must be transferred to another approved pension scheme.  

In order to establish whether it is in your interest to transfer your pension it is important to get an analysis of both the charges and investment performance of your current and proposed provider.   

Pension plan charges are applied in a variety of ways, so it is important that an analysis is done of how your current scheme’s charges affect your fund at different growth rates. We therefore get projections for your fund’s value at your retirement age, assuming 5 %, 7 % and 9 % growth.    

Then taking account of the cost associated with transferring your scheme to a new Self Invested Personal Pension (SIPP); we make similar projections for the fund value at retirement age also assuming 5 %, 7 % and 9 % growth.   

From this analysis we can establish the rate at which your investments need to grow to match the benefits you would give up if you transfer. This is usually known as the ‘critical yield’.    

Generally, the higher the ‘critical yield’ required, the more risks you will need to take with your investments. You will then have to make a judgement about whether this is achievable.    

Pension Transfer Service

A pension Transfer report is FREE & available without obligation.  It may change your financial future forever; all it takes to start the process is to complete the form above.   And the best part: you will see the power of Figaro’s Analysis fast... with a no nonsense review of how much value your fund manager is adding to your investments, together with a summary of the Figaro Portfolios and critical yield calculations.    

Our complimentary pension review includes a recommendation of whether you might be better advised to:     

• transfer your pension fund to another fund within the current plan. We review the performance of funds available to you and identify the best most consistently performing funds.
• transfer your pension to a stakeholder pension with lower charges. Pension charging structures have changed dramatically over the past few years. Following the introduction of stakeholder pensions, charges applied to new plans are far lower than in the past.

If you are in an overpriced pension that offers poor value for money it may be possible to transfer to a cheaper plan.  

Low Pension Charges

Stakeholder pension plans were introduced by the Government to offer investors a ‘no‑frills’ and therefore low cost pension plan.  The introduction of these plans had the effect of bringing down charges on new non-stakeholder plans.   However, if you have an old, out-dated pension plan with high charges, it may be under-performing the average fund by as much as 8.4% pa. 

If you have one of these plans... why not consider a pension transfer to one with lower charges, or one that offers access to a wider range of the best funds. 

What are you waiting for...   get an analysis of your pensions' or investments' performance TODAY!  

Doing nothing could cost you a comfortable retirement.