What is a Money Purchase Pension Scheme?

This page was tough to write. A ‘money purchase pension scheme’ is basically the same as a defined contribution pension. And we’ve already written a whole load of stuff about them here. Including what they are and why we think you should work with us to get the best money purchase pension. But our web development agency insisted we have this page here. So here it is.

We were supposed to fill it with at least 250 words. But that’s not us. We don’t believe in saying a single word more about pensions than we have to. Or repeating ourselves using different terminology and a bunch of buzz words to sound more knowledgeable than you.

So, when you’re ready click on over to find out more about money purchase pension schemes in plain English. They’re exactly the same as defined contribution.

We find you the best value pension

Our Pension Professionals track down all your pensions (including lost or missing ones), do a whole market comparison and then talk you through options. At the end of the 40 minute phone call, you can decide on your course of action, with no further obligation to Profile. If you choose to act and switch pension provider, we can take care of everything for you. We promise that there will be no pressure on you to switch.

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David

Design Engineer, likes the outdoors and lives in Darlington.

The advisers are very knowledgeable and if you have questions they are unable to answer at the 
time they always come back in a short space of time. 
I would recommend Profile to anyone thinking of taking out a pension review.

Sonia

Sonia lives with her husband and stepchildren in Buckinghamshire.

I was particularly impressed with how Profile fed back to me throughout. I have to say I was very happy with their service and how my adviser explained everything in a very straightforward way. He also didn’t put me under any pressure to make changes, so I felt comfortable and confident about trusting his recommendations when it came to transferring my pension.

Robin

A milkman from Barham, Suffolk.

Profile advised that I should switch my pension to LV because it had better long-term prospects. I decided to take their advice and move my pension and I’m glad that I did! Profits have climbed nicely since it was opened just a year ago. I’m very pleased!

Pete

An IT professional from London

The adviser gave me some of the information that I already knew and he supplemented that with current information about my pension performance, how that compared to the market, what the fees were and other plans and providers and what returns they were getting. I imagined that I’d be given a lot of facts of information, which I was, but in manageable chunks over the course of the call.

Davy

Davy works for the Prison Service and lives in Ayrshire.

The yearly updates that I receive from Profile are excellent and understandable. The decision to transfer my pensions via Profile was one of the best decisions that I have made and I wish I had taken the steps years ago.

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