Peace of Mind Check
A check that the pension you’re receiving or you’re due to receive is the right amount – no more (or less) – so you can be confident
- you won’t be asked to repay an overpayment
- you’re receiving the pension benefits you’re entitled to
What is a Peace of Mind Check?
We’ll work out your pension figures from the information you give us, checking your Pension Scheme Administrator has used the correct
- Scheme Membership (reckonable service) for legacy schemes
- Pensionable Pay for each legacy scheme and each scheme year for Career Average schemes
- Inflation increases for deferred pensions
What's not covered?
We won’t provide financial advice and we cannot liaise with the scheme directly, but we can support you with all scheme communications and provide detailed information, calculations and options.
What will I get?
We’ll review the information you provide (we ask for a lot of information to make sure your pension records are right and tell you if something doesn’t look right).
We then calculate your pension including any lump sum, using the information you’ve provided, including your McCloud Remedy choice if that was offered to you at the time you claimed your pension.
We’ll then talk you through the comparison of our version of your pension amounts with the calculation from your scheme administrator.
Your meeting will be on Microsoft Teams (which is free to use) so you need to be able to use Teams and it’s useful to check the meeting link works for you before the time of your meeting.
Who is my Pensions Consultant?
We have a small team of pensions experts – Laura, Gilly or Helen will be there to help you.
How much does it cost?
Our charge for this service is £450 + VAT (£540 in total).
We’ll email you the invoice after your meeting.
Do I have to remember everything from my meeting?
No, we’ll send you your report and a note summarising the meeting but you can take your own notes, too.
