Prior to its launch in late September 2009 the pension advisory firm set itself a £3 million target of funds invested by Christmas 2009. MD Pension Solutions are delighted to announce that this figure was actually achieved during the first week of November.
MD Pension Solutions launched to offer mortgage brokers the opportunity to earn extra income by identifying clients looking to improve their pension provision. The pensions referral service comes with the added guarantee that it will not cross-sell to the brokers’ valuable client base ensuring that the only advice received by their client is the requested specialist pension advice.
MD Pension Solutions specialises in personal pension transfers but is also experienced in annuities, SIPPS and regular contribution plans in addition to a raft of other offerings. It will also pay 1.5% of the transfer amount to the broker and 11% of the first year’s contributions on a regular plan.
Mark Clinton, director at MD Pension Solutions, commented: “We are absolutely delighted with the speed and degree of uptake from our broker referral partners. The future of pension legislation is in turmoil right now with all political parties making regular announcements on their plans for the future and it’s never been so important for the public to have access to quality advice. It is evident that brokers are realising this and in teaming with a specialist to offer a free pensions review they can provide clients with holistic advice whilst also opening up a lucrative extra revenue stream.”
