Stakeholder pension / Existing pension.

wolvesinwales

I have recently taken voluntary redundancy and i am currently looking around for a new job.
I have a money purchase pension scheme with my old job that i am now being asked what i want to do with it ie either let it become paid up or to be transferred to a new scheme.
I obviously don't know about the new scheme yet so was wondeing if it would be a good idea to transfer it to a stakeholder scheme.
Could i do this ?
Would it be better than leaving it paid up ?
If i then have a new scheme with my new job could i still keep the stakeholder running seperately ?
Thanks in advance.

dunstonh

so was wondeing if it would be a good idea to transfer it to a stakeholder scheme.

Maybe. Maybe not.

Could i do this ?

Yes.

Would it be better than leaving it paid up ?

Maybe. Maybe not.

Perhaps a better way of looking at is this. You currently have an investment. How does that investment and charges compare to alternative options (don't assume stakeholder is cheapest as it is easy to get cheaper and cheap isn't usually best).

At the moment you have made no mention of charges or investment funds and how you would have this pension portfolio invested.