Quizzes & Puzzles0 min ago
Pension Transfer
2 Answers
Is it possible to transfer a pension from One company to another without the need of a financial advisor.
Answers
Best Answer
No best answer has yet been selected by petesgrayz. Once a best answer has been selected, it will be shown here.
For more on marking an answer as the "Best Answer", please visit our FAQ.On the face of it yes just as Boxtops has said, but are you transferring a Company pension from one employer scheme to another or changing Companies for a private Pension.
If Company schemes are they both the same type, ie defined benefit or defined contributions. If Private are you sure the new Company is performing better that the existing and what are you likely to lose in Charges. This is where an IFA would be able to give you advice that could save you a lot of money and/or heartache in the future.
If Company schemes are they both the same type, ie defined benefit or defined contributions. If Private are you sure the new Company is performing better that the existing and what are you likely to lose in Charges. This is where an IFA would be able to give you advice that could save you a lot of money and/or heartache in the future.