Get Complete and Independent Advice on your Barclays Final Salary Pension Scheme

1. Get Complete and Independent Advice on your Barclays Final Salary Pension Scheme Defined Benefit, also known as final salary, pension schemes are often viewed as the ‘Rolls Royce’ of pensions. They offer significant benefits, such as a guaranteed income for life most often inflation proofed, and usually a spouse’s pension on death. Some people have concerns about the future of their ex employer, and feeling their pension may be at risk, even though the vast majority are not. Some years ago the government introduced the Pension Protection fund and for most people, even in the worse scenarios, there is a government backed guarantee to provide 90% of pension entitlements at the schemes normal retirement date. But it is still important to fully appreciate what benefits you have, how much those benefits are worth, and when and how you will be able to access them in the future. This will help you plan your retirement effectively and understand all the options available to you. If you have a Barclays final salary pension scheme and you are considering transferring or cashing it in, it is best to speak with a qualified and regulated financial adviser for guidance. Their knowledge and expertise will guide you into making an informed decision that is best for your situation.