Defined Benefit FAQs
Please click on the questions below to show our response to the question...
Will your system satisfy my compliance needs?
Many of the IFA Networks and Service Providers support our system and are happy to recommend us to their members. We would recommend that you contact your Training / Compliance Manager directly if you have any queries about whether you are able to give Final Salary Transfer advice using the Selectapension system.
I have a Defined Benefits case with benefits at different Retirement Ages, can I input this in the analysis?
Yes, the benefits can be entered seperately and are then adjusted to the analysis Retirement Age. Different commutation factors can also be entered.
Can I enter my own revaluation amount?
Yes, all standard Revaluation amounts are available to choose from, but you can also enter your own revaluation amount, as per the scheme.
Do you have the option for the Pre-A Day PCLS to be based on the new rules if better?
Yes, After entering all the details for the Pre-A Day PCLS, you will have the option to base this on the new rules (25% of the 'fund value') if this works out as better than the old rules, and if the scheme will allow this.