PLEASE HELP! Confused Student in need of transferring pension

Ru

Hello Readers,
I hope you can help me?
I left my job last summer, as I wanted to pursue further studies.
My former employer provided me with a pension on which managed to accrue about £2800.
I have now been told that I can transfer this pension and move to another provider and look into getting a personal pension.
I intend to make "small" contributions on a monthly basis.
I understand that I will need to see a financial advisor for this. However on contacting one Financial Advisor I was told that they charge a minimum of £500!!
Being on a student budget this isnt a possibility for me
Can anybody suggest alternatives?
I am very confused :-(
If I dont deal with the matter within two weeks, I will lose the £2800 as the pension provided by my former employer will expire! :embarasse
Many thanks for reading :A

Best Wishes,
Ru.

dunstonh

Is it money purchase or final salary? If final salary you will almost certainly need to use an IFA.

if money purchase you dont need to. Although you could use a commission based IFA rather than fee.

Ru

HI dunstonh,
Thanks for getting back to me. Really apreciate it!
I didnt purchase the pension, I got through my employer.....
So I assume I will have to go to an IFA....except the quote they gave me was of five hundred pounds!
I was hoping to find a cheaper soloution :-(
Take care,
Ru.