The link up with Y3S Debt Rescue will enable clients access to a full pensions review free of charge as part of a debt management plan to help tackle any individual debt problems. This service will only target direct consumer clients of Y3S and not the clients of the Y3S brokers.
Y3S Debt Rescue is a debt management company based in Cardiff, it forms part of the Y3S group which includes secured loan, life insurance and debt management propositions, processing, compliance, accountancy, quality control and IT, and services hundreds of mortgage brokers, IFA's, and customers each month.
MD Pension Solutions has recently moved from its Bournemouth base to larger offices in Ringwood, Hampshire which borders the New Forest. The new premises are over 3,000 sq ft and will enable the pensions specialist to house up to 40 staff. MD is currently recruiting for additional administrators and advisers to cope with growing demand.
The pensions specialist is fully FSA regulated and operates to the strictest of professional standards. The senior management have many years experience in the intermediary market and fully understand what is required in relation to service, commission and transparency.
The FSAs TCF ethos is fully embraced within all aspects of the proposition. Processes have been specifically designed to not only adhere to TCF guidelines but also to ensure they are at the very heart of company.
It 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 years contributions on a regular plan.
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.
Mark Clinton, director at MD Pension Solutions, commented:
We are look forward to establishing a long and fruitful relationship with Y3S and its direct clients. A pension review could prove an integral component for anyone looking to really make the most of their financial situation whether they may be simply looking at getting the most from their pension provider or implementing it as part of a debt management plan.
Liam Schewitz, director at Y3S Debt Rescue, added:
We have searched for a partner to offer a pension analysis service for some time and believe we have now found the perfect partner in MD Pension Solutions. After working closely together for a short period MD has kept us informed every step of the way and its input has certainly strengthened our proposition for our customers. There is no doubting that many more will continue to reap the benefits of this expertise.
