There’s plenty to think about when deciding how to take your benefits from the Fund. To support you with this big decision, the Trustee has appointed ilumiti, a firm of financial advisers regulated by the Financial Conduct Authority (FCA), who can help you understand your retirement options and decide which are right for you.
Ilumiti are experts in helping pension scheme members, like you, make informed decisions about their retirement benefits. They follow the Pension Transfer Gold Standard, which is a voluntary code of conduct for advisers dealing with Defined Benefit pension arrangements (like those you are entitled to from the Fund).
Who is eligible for advice?
The Fund will pay for you to have one round of financial advice from ilumiti if:
- You’re within 6 months of being eligible to retire in normal health (if you joined the Fund before 6 April 2006 and you’re over age 49.5 or if you joined on or after 6 April 2006 and you’re over age 54.5); or
- You are eligible to retire early due to ill-health.
You must live in the UK to be able to use this service.
Make sure the time is right
The Trustee will pay for one round of advice for eligible members from ilumiti, so it’s important you make sure you use this service at the right time for you, for example, when you’re getting ready to make a decision about your retirement options.
For more information and to book your appointment, please take a look at the financial advice from ilumiti guide below: