- Moving a pension pot
as above – check charges, ask about commission, ask about current fund performance/ask about new fund performance – and make sure you really do understand what they mean
be sure to compare from/to funds/companies properly
(one off fees/annual charges% etc etc – I also use previous performance)
*you usually get a annual % charge reduction with larger amounts
and especially their performances
You should get annual statements each pot I would strongly recommend keeping these as you can see the reality of the fund performance over time(and therefore compare it with other providers)
fyi – what I do is – not put all my eggs in one basket (*google equitable life)
I would also suggest doing some research on what a SIPP isPosted 4 years agocrispoSubscriber
I have a small pension pot from my previous job that I am thinking about transferring to my new. I think if I don’t then in 40 years time I might have lost track of where it is and what it’s worth.
It was only 2 years from my first job out of Uni so we are talking a small pot, for that reason it seems a bit excessive to see and IFA like I probably would if I was a bit further down the line!
Anybody got any experience of doing this? Do I simply ask my new pension provider to get it from my old one? Are there any things to watch out for?
ThanksPosted 4 years agocrispoSubscriber
Dont worry, Mrs Crispo has a good one too and I am spreading it with savings too.
The pension from my old company only has a couple of £k in it so its not a huge amount. I think I would prefer to manage it with my current pension to for ease of keep on top of it.
Thanks for all the comments, have spoken to my current Pension provider and they said they can sort it. Will make sure I find out about charges etc.Posted 4 years ago
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