PX Pension Exchange

PX Pension Exchange, specialist in UK pension transfers

PX Pension Exchange is a regulated advisory firm focused on UK pension transfers, particularly defined benefit and final salary schemes. The company states it holds permissions to advise on all available pension options and to implement the corresponding changes, both in the UK and overseas.

Its team has been working in the field of pension advice, including final salary schemes, on an ongoing basis since 2002. The firm states that all its advisers hold the AF3/G60 qualification as pension transfer specialists and that it operates under the Pension Transfer Gold Standard.

Advice and management services

The company's activity is organised into several service lines:

• Pension transfer advice: analysis of the available options and whether a transfer is in the client's best financial interests.
• Pension transfer implementation: implementation of the transfer when it is determined to be the appropriate route, carried out by specialists who understand the complexities of the process.
• Wealth management: broader wealth creation and tax management strategies for those planning for retirement or looking to make their funds work harder.
• International pensions: advice on overseas pension options, including QROPS, drawing on twenty years of international work.
• Lifetime Allowance advice: analysis of the options when the UK limit is exceeded and there is a risk of paying more tax.

Types of pensions it works with

The firm can advise on and transfer all types of UK pension schemes, both in the UK and overseas, including QROPS. The typical case is that of clients with final salary pensions, although the company states it holds full permissions to work with any type of scheme.

Working approach and client profile

The starting point for advice is an analysis of the client's objectives and life stage, to determine whether there is a pension alternative better suited than the current one and whether the transfer makes financial sense. Where appropriate, the company arranges the exchange of the existing scheme for the chosen alternative and takes on the ongoing management of the funds so that they remain properly invested and aligned with retirement objectives.

The founders were actuaries and financial advisers with prior experience in actuarial and pension consultancies. The initial work focused on advising expatriates and emigrants, an area the firm still serves, and over the years UK-focused advice gained weight in the business. The company serves expatriates around the world and has an office dedicated to Australian clients.

For direct clients, the firm also offers a full wealth management service, so that transferred pensions are properly invested and managed on an ongoing basis. The advisers are supported by a qualified administrative team. The company also offers to collaborate with the client's existing financial adviser when the matter falls outside their usual field.

Independence and stated standards

PX Pension Exchange states that it has never accepted product-based commissions and affirms that it is guided by the client's best interests. The firm presents itself as one of the few companies in the UK with permissions to advise on all available pension options and to implement the changes. It also indicates that it operates under the Pension Transfer Gold Standard and offers a range of affordable service options.

Team

The firm identifies the members of its specialist team: Darion Pohl, Charlotte Barnes, Michael Hall, Alan Martin, Jean Sahman, Daniel Bennett, Andrew Lowe, Jarrod Heideman, Catherine Harford and Lindsay Sherman.