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Lump sum into existing pension - Cavendish?
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ender4
Posts: 168 Forumite

Hi,
I opened a Stakeholder Standard Life pension through Cavendish Online two years ago with a lump sum.
With the current crash in the stock markets, i want to put another lump sum into my pension fund.
My question is:
Do i need to go through Cavendish Online again for each lump sum payment?
or just make the payment direct into Standard Life? If i make the payment directly, i still want it to come under the same discount terms as the original payment - as i opened the fund through Cavendish in the first place, do all payments automatically come under the same discounted annual fee?
Thanks in advance for any information, as i'm confused, but i want to move quickly on this, whilst stock markets are so low.
I opened a Stakeholder Standard Life pension through Cavendish Online two years ago with a lump sum.
With the current crash in the stock markets, i want to put another lump sum into my pension fund.
My question is:
Do i need to go through Cavendish Online again for each lump sum payment?
or just make the payment direct into Standard Life? If i make the payment directly, i still want it to come under the same discount terms as the original payment - as i opened the fund through Cavendish in the first place, do all payments automatically come under the same discounted annual fee?
Thanks in advance for any information, as i'm confused, but i want to move quickly on this, whilst stock markets are so low.
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Comments
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I'm sure I remember someone else asking a similar question earlier. The reply was that you must go through Cavendish to get the discount. If you go direct to the provider you will pay the full price.0
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Correct. Especially with SL as they will do anything to get it transferred onto their own in-house sales force.I am an Independent Financial Adviser (IFA). The comments I make are just my opinion and are for discussion purposes only. They are not financial advice and you should not treat them as such. If you feel an area discussed may be relevant to you, then please seek advice from an Independent Financial Adviser local to you.0
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