two small pensions? or one larger?

catford

:rudolf: I have a small pension from a previous job and i currenrly pay my contracted out payments to standard life.Would it be better financially,to transfer the funds from the first pension to S/life?? :snow_grin.I find it all very confusing and dont have an advisor.

Idea!! Is there an online site where i could get specific advice ??

dunstonh

www.unbiased.co.uk - this is the database of all IFAs in the UK. You can search for closest to your postcode and can filter a few options in as well.

Specific advice requires a certain level of disclosure to take place and information gathering which really makes it impossible to do a forum like this. We can talk ideas and opinions though.

Would it be better financially,to transfer the funds from the first pension to S/life??

Maybe, maybe not. It would depend on the pension from the old employer. Some are better off leaving where they are. Others are better moving. Some may offer little or no difference. We would need to know a little more about the old pension. i.e. is it a final salary pension scheme (based on years of service), is it money purchase scheme but has enhanced terms or is it a group personal pension (thats just a few of the options)?