Terms & Conditions

Our professional standards and service terms

Last Updated: 03/09/2025

Effective Date: 01/01/2024

FCA Registration: 948359

Registered Address: Suite 6, Primrose Studios, Clitheroe, Lancashire BB7 1BT

Contact: info@assessmypension.co.uk | 01254 447216

2. Our Services

Bedford Wealth Limited provides the following financial advisory services:

  • Pension planning and review services
  • Retirement income planning
  • Pension transfer advice
  • Income drawdown planning
  • Annuity recommendations
  • SIPP (Self-Invested Personal Pension) advice
  • Tax-efficient retirement planning
  • Inheritance tax planning related to pensions

3. Regulatory Status

Bedford Wealth Limited is authorised and regulated by the Financial Conduct Authority (FCA) under registration number 948359.

Our regulatory permissions include:

  • Advising on investments
  • Arranging deals in investments
  • Making arrangements with a view to transactions in investments
  • Agreeing to carry on regulated activities

You can verify our regulatory status on the FCA Register at: https://register.fca.org.uk/

4. Advice Process

4.1 Initial Consultation

We provide an initial consultation to understand your pension needs and circumstances. This consultation is typically provided at no charge.

4.2 Fact-Finding

We will gather comprehensive information about your financial situation, objectives, and attitude to risk before providing any recommendations.

4.3 Suitability Assessment

All recommendations will be suitable for your individual circumstances and will be documented in a written report.

4.4 Implementation

With your consent, we can implement recommended pension arrangements on your behalf.

5. Fees and Charges

5.1 Fee Structure

Our fees are agreed in advance and clearly documented. We operate on the following basis:

  • Initial Advice Fee: Agreed before work commences
  • Implementation Fee: For setting up recommended arrangements
  • Ongoing Service Fee: For continued support and reviews (optional)

5.2 Payment Terms

Fees are typically payable:

  • 50% on commencement of work
  • 50% on completion of recommendations

5.3 Commission

Where applicable, we may receive commission from product providers. Any commission will be fully disclosed and may be offset against agreed fees.

6. Client Obligations

As our client, you agree to:

  • Provide complete and accurate information about your circumstances
  • Inform us promptly of any material changes to your situation
  • Pay agreed fees in accordance with our payment terms
  • Read and understand all documentation we provide
  • Ask questions if anything is unclear
  • Make your own decisions based on our advice

7. Limitations and Disclaimers

7.1 Investment Risk

All investments carry risk. The value of investments and any income from them can fall as well as rise, and you may not get back the original amount invested.

7.2 Past Performance

Past performance is not a guide to future performance.

7.3 Tax Treatment

Tax treatment depends on individual circumstances and may change in the future.

7.4 Pension Benefits

Pension benefits are normally only accessible from age 55 (increasing to 57 from 2028).

8. Professional Indemnity Insurance

We maintain appropriate Professional Indemnity Insurance to protect our clients in the event of professional negligence.

Details of our insurance cover are available on request.

9. Complaints Procedure

If you are unhappy with our service, please contact us immediately:

Email: complaints@assessmypension.co.uk

Phone: 01254 447216

Address: Bedford Wealth Limited, Suite 6, Primrose Studios, Clitheroe, Lancashire BB7 1BT

If you are not satisfied with our response, you may refer your complaint to the Financial Ombudsman Service:

Website: www.financial-ombudsman.org.uk

Phone: 0800 023 4567

Email: complaint.info@financial-ombudsman.org.uk

10. Financial Services Compensation Scheme

We are covered by the Financial Services Compensation Scheme (FSCS). You may be entitled to compensation from the scheme if we cannot meet our obligations.

This depends on the type of business and the circumstances of the claim. Most types of investment business are covered for 100% of the first £85,000.

Further information is available from the FSCS: www.fscs.org.uk

11. Data Protection

We are committed to protecting your personal data in accordance with UK GDPR and Data Protection Act 2018.

Details of how we collect, use, and protect your data are set out in our Privacy Policy.

12. Governing Law

These terms and conditions are governed by English law and are subject to the jurisdiction of the English courts.

13. Amendments

We may update these terms and conditions from time to time. Any changes will be posted on our website and, where appropriate, notified to existing clients.

Continued use of our services after changes have been made constitutes acceptance of the updated terms.

14. Contact Information

If you have any questions about these terms and conditions, please contact us:

Bedford Wealth Limited

Email: info@assessmypension.co.uk

Phone: 01254 447216

Website: www.assessmypension.co.uk