Pension Analysis Report

1. PENSION TRANSFER
REPORT
Money Purchase Arrangements
CLIENT NAME: Shelia Brown
Client Ref: SBrown
FROM: Friends Life Personal Pension
TO: Nucleus Pension Account
ADVISER NAME: Richard Bishop
REPORT PRINT DATE: 30/01/2012
Page 1

2. Client Name: Shelia Brown
Adviser Name: Richard Bishop
Case Reference: 267798
Analysis Report
Introduction
The purpose of this analysis is to provide information, which will assist you to make an informed decision, on
whether or not, to transfer all or some of your pension funds to an alternative Pension arrangement.
This analysis does not, on its own, show whether or not transferring your funds is advisable, as that also depends on
many other factors, such as your “attitude to risk” and your personal circumstances and objectives. It does,
however, give an indication of the likelihood of being able to match or exceed the fund provided by the Existing plans
with a transfer to an alternative plan based on a charges comparison.
Projections have been provided to indicate the possible fund value at retirement based on assumed growth rates
this is compared with the projected fund if invested in:
• Nucleus Pension Account
The analysis will show the results of this comparison as:
1. The estimated fund value at retirement from the providers.
2. The estimated annual investment return needed, from the Proposed Plan, to provide a fund at retirement age
of 65 equal to that of your Existing arrangements.
3. The estimated percentage difference between the proposed alternative Pension policy and your Existing
arrangements at retirement.
4. The immediate effect on your fund as a result of the transfer.
5. The fund values that may be paid as a death benefit immediately following transfer.
This analysis needs to be read in conjunction with the illustrations provided by the recommended provider and any
recommendations made by your adviser.
The analysis has been based on your personal information and the details supplied by your existing plan providers.
Personal Pension Policies
These policies operate on the “Money Purchase” basis (also known as “Defined Contribution”) & provide a fund of
money, at retirement, which is then used to purchase a pension and normally a Pension Commencement Lump
Sum. The amount of the fund at retirement is dependent upon the level of contributions paid, the investment return
on the contributions once invested, and the charges under the policy.
At retirement the fund is normally used to provide a pension by purchasing an annuity in the open market. The
amount of pension provided is therefore dependent upon the annuity rates then available in the market.
Page 2

3. Client Name: Shelia Brown
Adviser Name: Richard Bishop
Case Reference: 267798
This report has been based on the following information. Please make it known if any part of this information is
incorrect as it may affect the result of this analysis.
Personal Information
Name Mr Shelia Brown
Date of Birth 30/04/1958
Sex Female
Marital Status N/A
Spouse/Civil Partners Date of Birth N/A
Other Dependants Unknown
Health Status N/A
Attitude to Risk N/A
Employment Status Employed
Retirement Age for Analysis 65
Plan for analysis
Plan Name Friends Life Personal Pension
Fund Value £8,698.00
Transfer Value £8,698.00
Fund Valuation Date 24/01/2012
Funds
FL F&C Lifestyle Balanced AL(inet)-Pen 100%
Page 3

4. Client Name: Shelia Brown
Adviser Name: Richard Bishop
Case Reference: 267798
Notes & Assumptions
• The illustrations take into account the current charging structure of the Nucleus Pension Account and your
existing arrangements.
• The fund available at retirement will depend upon the actual growth in your selected plan and the funds. The
figures are not guaranteed.
• All firms use the same rates to illustrate how funds may be converted into a pension but their charges vary.
The maximum that growth rates can be illustrated at is set by the UK Financial Services Authority (FSA),
some providers however choose to show lower rates. This comparison is on a like for like basis.
• The actual transfer value received may be higher or lower than that shown due to investment fluctuations
between the calculation date of this analysis & completion of the transfer.
• You should be aware the investment choice available with Nucleus may differ from your current providers.
This could impact on the future performance of your fund.
• The figures illustrated for the plan considered assume that investment will be with the provider’s standard
default fund & charges unless otherwise specified.
• When projected fund values are shown in Today’s terms inflation is assumed to be 2.5%pa.
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5. Client Name: Shelia Brown
Adviser Name: Richard Bishop
Case Reference: 267798
COMPARISON AT AGE 65
FUNDS TRANSFERRED TO Nucleus Pension Account
The figures below take into account your Friends Life Personal Pension transfer value of £8,698.00.
Projected Fund (Paid Up) at proposed age of 65
Assumed Growth Rates 5% 7% 9%
Existing Plan - Friends Life Personal Pension £12,100 £14,900 £18,400
New Plan - Nucleus - Pension Account £12,600 £15,600 £19,200
Rate of Return Required from Nucleus 4.59% (-0.41%) 6.55% (-0.45%) 8.56% (-0.44%)
The effect this will have on the fund if moved to Nucleus +4.47% +4.9% +4.62%
Medium rate growth results comparison
FUND VALUE COMPARISON
On the day of transfer, the value of the funds in your existing arrangements and the
proposed replacement plan are as follows:
Friends Life Personal Pension £8,698.00
Nucleus - Pension Account £8,263.10
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6. Client Name: Shelia Brown
Adviser Name: Richard Bishop
Case Reference: 267798
PROPOSED PENSION PLAN
Standard Charges
Nucleus Pension Account
Single Premium/Transfer Commission 5%
Asset Charge 0.75% pa
Annual Management Charge Tiered 0.35%
Fund Value/AMC: £0-£999,999=0.35%, £1,000000-£1,999999=0.3%, £2,000000-£2,999999=0.25%, £3,000000-
£4,999999=0.2%, £5,000000>=0.15%
The value of these standard plan charges may vary depending on the size of the fund or investment, and are
based on an assumed investment fund and the level of commission specified. If other funds or level of commission
are selected the results of the analysis would be different.
Adviser Commission
Single Premium/Transfer: Initial 5% Fund Based 0%
The cost of commission is included in the charges listed above.
Funds have been selected for the various sectors based on value of funds under management.
Fund Name Split % Initial % AMC %
Architas Multi-Manager Balanced R Acc (100%)
Architas Multi-Manager Balanced Ret Acc 100 0 0.75
Default Fund 0 0.75
Adjustment to charges 0 0
Page 6

7. Client Name: Shelia Brown
Adviser Name: Richard Bishop
Case Reference: 267798
Early Transfer Analysis
This table shows the estimated transfer value away from the proposed pension product, Nucleus - Nucleus
Pension Account, at yearly intervals across the required term.
The colour of each cell provides a quartile indication of how it compares to the other analysed products:
(1) 1st Quartile (Best) (2) 2nd Quartile (3) 3rd Quartile (4) 4th Quartile (Worst)
Year 5% 7% 9%
1 £8,581 (1) £8,744 (1) £8,908 (1)
2 £8,911 (1) £9,254 (1) £9,603 (1)
3 £9,254 (1) £9,793 (1) £10,353 (1)
4 £9,611 (1) £10,364 (1) £11,161 (1)
5 £9,981 (1) £10,969 (1) £12,033 (1)
6 £10,365 (1) £11,608 (1) £12,972 (1)
7 £10,765 (1) £12,285 (1) £13,985 (1)
8 £11,179 (1) £13,001 (1) £15,077 (1)
9 £11,610 (1) £13,759 (1) £16,254 (1)
10 £12,057 (1) £14,561 (1) £17,523 (1)
11 £12,521 (1) £15,409 (1) £18,891 (1)
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8. Client Name: Shelia Brown
Adviser Name: Richard Bishop
Case Reference: 267798
LUMP SUM AT NORMAL RETIREMENT AGE - 65TH BIRTHDAY
Set out below is a comparison of the estimated Pension Commencement Lump Sum that may be provided on
retirement at proposed age of 65
Existing Plan Nucleus Pension Account
£3,720 £3,900
Value of Pension Commencement Lump Sum Assuming 7% Growth
Assumptions
1. The value of the investments in the Nucleus Pension Account will grow at 7% pa before charges are deducted.
2. Retail prices Index (RPI) 2.5%.
3. The UK Standard Lifetime Limit will be £1.5m from 06.04.2011. (This is only relevant if you have a ‘Protected
Pension Commencement Lump Sum’ in respect of membership of the benefits accrued by the scheme before 6th
April 2006).
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9. Client Name: Shelia Brown
Adviser Name: Richard Bishop
Case Reference: 267798
DEATH BENEFIT COMPARISON
On the day of transfer, the capital value of the death benefits under your existing arrangements and the proposed
replacement plan are as follows:
Friends Life Personal Pension £8,698.00
Nucleus Pension Account £8,263.10
If the death benefit available after transfer is lower than that provided by the existing arrangements, consideration
should be given to replacing the shortfall.
A lump sum death benefit is available up to 100% of the fund. If married any Protected Rights must be used to
secure a spouse’s pension. A tax charge may be levied on any amount above the Lifetime Limit Pension
Commencement Lump Sum allowance.
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10. Client Name: Shelia Brown
Adviser Name: Richard Bishop
Case Reference: 267798
Summary Transfer Comparison
Projected Fund Value at proposed retirement age 65
Provider Plan 5% 7% 9%
Nucleus Nucleus Pension Account £12,600 £15,600 £19,200
Nucleus Nucleus Pension Account £12,600 £15,600 £19,200
Wrap
Existing Plan £12,100 £14,900 £18,400
AXA Wealth Elevate Explicit (unbundled) £11,000 £13,600 £16,700
Charging Structure
AXA Wealth Elevate Composite (Bundled) £10,300 £12,800 £15,900
Charging Structure
Transact Pension Plan £9,980 £12,400 £15,400
Cofunds Pension Account (SIPP) £8,940 £11,300 £14,200
(provided by Suffolk Life)
Cofunds Pension Account Wrap £8,940 £11,300 £14,200
(provided by Suffolk Life)
Ascentric Pension Account £7,970 £10,200 £12,900
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11. Client Name: Shelia Brown
Adviser Name: Richard Bishop
Case Reference: 267798
Investment Performance Report
Nucleus Pension Account
Past 5 Years Growth Performance Information
Fund Name 2006 2007 2008 2009 2010
FL F&C Lifestyle Balanced AL(inet)-Pen** n/a n/a -21.93 22.05 13.29
Architas Multi-Manager Balanced Ret Acc 8.71 5.48 -21.03 25.64 15.07
Past 12 Months Growth Performance Information
Fund Name Jan Feb Mar Apr May Jun Jul Aug Sep Oct Nov Dec
'11 '11 '11 '11 '11 '11 '11 '11 '11 '11 '11 '11
FL F&C Lifestyle 5.95 -0.25 0.20 0.63 0.97 -1.01 -0.29 -1.07 -8.46 -2.20 6.05 2.01
Balanced AL(inet)-Pen**
Architas Multi-Manager 5.06 -0.57 -0.57 1.09 1.33 -1.19 -0.25 -0.25 -7.89 -2.14 5.72 1.40
Balanced Ret Acc
** Existing Scheme Fund
Past 12 Months Growth Performance
Please note that past performance cannot be a guide to the future and investment returns cannot be guaranteed.
Information produced by Selectapension Ltd in conjunction with data supplied by Lipper Ltd and other external
sources.
Page 11

12. Client Name: Shelia Brown
Adviser Name: Richard Bishop
Case Reference: 267798
PENSION TRANSFER COMPARISON FILE SUMMARY
Name Mr Shelia Brown Date of Birth 30/04/1958
Sex Female Marital Status N/A
Spouse / Civil Partner DOB N/A Other Dependants Unknown
Health Status N/A Attitude to Risk N/A
Desired Retirement Age Proposed Retirement Age 65
TRANSFER INTO Nucleus Pension Account
The figures below take into account your Friends Life Personal Pension transfer value of £8,698.00.
Projected Fund (Paid Up) at proposed age of 65
Assumed Growth Rates 5% 7% 9%
Existing Plan - Friends Life Personal Pension £12,100 £14,900 £18,400
New Plan - Nucleus - Pension Account £12,600 £15,600 £19,200
Rate of Return Required from Nucleus 4.59% (-0.41%) 6.55% (-0.45%) 8.56% (-0.44%)
The effect this will have on the fund if moved to Nucleus +4.47% +4.9% +4.62%
FUND VALUE COMPARISON
On the day of transfer, the value of the funds in your existing arrangements and the
proposed replacement plan are as follows:
Friends Life Personal Pension £8,698.00
Nucleus - Pension Account £8,263.10
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13. Client Name: Shelia Brown
Adviser Name: Richard Bishop
Case Reference: 267798
Record of Input Data
Print Date 30/01/2012
Client Data
Ref
Title Mr
Forename Shelia
Surname Brown
Sex Female
Date of Birth 30/04/1958
Partner's Date of Birth N/A
Marital Status N/A
Health Status N/A
Other Dependants Unknown
Enhanced / Primary Protection Applicable Unknown
Attitude to Risk N/A
Employment Employed
Plan(s) for Transfer
Scheme Name Friends Life Personal
Pension
Type Personal Pension
Fund Valuation Date 24/01/2012
Fund Value £8,698.00
Fund Value Transfer £8,698.00
Pre 97 Protected Rights TV £0.00
Post 97 Protected Rights TV £0.00
Current Death Benefits Value £8,698.00
Proposed Retirement Age 65
Monetary Values / Today's terms Monetary
Growth Rates
Growth Rates Low Med High
5% 7% 9%
Projections at age 65.
Projections Fund - Paid Up £12,100.00 £14,900.00 £18,400.00
Page 13

14. Client Name: Shelia Brown
Adviser Name: Richard Bishop
Case Reference: 267798
Plans Selected For Comparison
Provider Selection All Selected
Nucleus Pension Account (Wrap) YES
Transact Pension Plan YES
Cofunds Pension Account Wrap (provided YES
by Suffolk Life)
Ascentric Pension Account YES
Cofunds Pension Account (provided by YES
Suffolk Life)
AXA Wealth Elevate Composite (Bundled) YES
Nucleus Pension Account YES
AXA Wealth Elevate Explicit (unbundled) YES
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15. Client Name: Shelia Brown
Adviser Name: Richard Bishop
Case Reference: 267798
Commission / Fees
Adviser Commission:
The commission quoted is based on the standard commission terms available for the charging structures. It does
not take into account any special terms that the Financial Adviser may agree with the provider.
Single Premium/Transfer: Initial 5% Fund Based 0%
Commission at proposed age 65
Provider Plan Fund (7%) Initial (Single) Fund-Based Total
Nucleus Nucleus Pension £15,600 £434 £0 £434
Account
Nucleus Nucleus Pension £15,600 £434 £0 £434
Account Wrap
AXA Wealth Elevate Explicit £13,600 £434 £0 £434
(unbundled) Charging
Structure
AXA Wealth Elevate Composite £12,800 £434 £0 £434
(Bundled) Charging
Structure
Transact Pension Plan £12,400 £434 £0 £434
Cofunds Pension Account £11,300 £434 £0 £434
(SIPP) (provided by
Suffolk Life)
Cofunds Pension Account Wrap £11,300 £434 £0 £434
(provided by Suffolk
Life)
Ascentric Pension Account £10,200 £432 £0 £432
Page 15