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    • cambs1999
    • By cambs1999 18th Mar 17, 2:46 PM
    • 24Posts
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    cambs1999
    Pension with Prudential Ex with profits (2)
    • #1
    • 18th Mar 17, 2:46 PM
    Pension with Prudential Ex with profits (2) 18th Mar 17 at 2:46 PM
    Hi,

    My husband has a Prudential Ex with profits (2) that he's no
    longer contributing to as his employer swapped to a Scottish Widows Pens Portolio Two.

    The Prudential fund only seems to be increasing around £2500 per year - does anyone know that how much Prudential will be charging yearly to maintain this pension for him and whether it's a good idea to move this into his Scottish Widows fund?

    He also has a very small amount in a Clerical Medical Trustee Buyout plan 2 and this seems to have increased by around £1000 in the last year - does anyone know the yearly charges on this and again whether it's possible to move this into his Scottish Widows fund?

    Also why would the Clerical Medical increase by £1000 pa and the Prudential only increase by around £2500 when the Prudential has around 8 times as much in it?

    Any advice would be greatly received.

    Thanks
Page 1
    • dunstonh
    • By dunstonh 18th Mar 17, 5:10 PM
    • 89,851 Posts
    • 55,457 Thanks
    dunstonh
    • #2
    • 18th Mar 17, 5:10 PM
    • #2
    • 18th Mar 17, 5:10 PM
    The Prudential fund only seems to be increasing around £2500 per year - does anyone know that how much Prudential will be charging yearly to maintain this pension for him and whether it's a good idea to move this into his Scottish Widows fund?
    I would estimate Pru have had over 100 types of pension over the years. So, without nay more detail, that would not be possible to answer.

    However, the Pru WP fund is a viable fund that has good returns for its risk profile.

    whether it's a good idea to move this into his Scottish Widows fund?
    Scottish Widows is owned by Lloyds Bank and has been starved of funding for over a decade. Its products are now long in the tooth and it's investment options tend to be poor or average at best.

    He also has a very small amount in a Clerical Medical Trustee Buyout plan 2 and this seems to have increased by around £1000 in the last year - does anyone know the yearly charges on this and again whether it's possible to move this into his Scottish Widows fund?
    Same answer as above. Also, CM is now part of SW. Plus a section 32 buyout bond could well have guarantees.

    Also why would the Clerical Medical increase by £1000 pa and the Prudential only increase by around £2500 when the Prudential has around 8 times as much in it?
    Different risk profiles, different products, different options, different guarantees. Could be all sorts of reasons.
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