Standard Life Executive Pension

conradmum

My husband has contributed to this for about 20 years, but we're concerned about the performance.
Is there a better pension he could transfer to within Standard Life? And would this incur charges? Or would he be better off changing companies altogether? Is there any guarantee SL won't go the same way as Equitable?
Many thanks to anyone who can reply. I've searched but can't find any information on this.

dunstonh

The pension is just a wrapper which contains investments. Pensions do not lose or make money. It is where you invest that matters.

Standard Life have quite a large range of pension funds available to select from, some of which are very good. The charging structure your husband is on will depend on the version of the EPP he has.

You get advice in these areas from IFAs.

conradmum

Thanks Dunstonh. Is it the case that he would have to pay to transfer within the company? Or is this what you meant when you said they have different charging structures?

EdInvestor

conradmum wrote:

My husband has contributed to this for about 20 years, but we're concerned about the performance.

Is it invested in the With profits fund?

Is there a better pension he could transfer to within Standard Life?

There are other funds ( some very good as mentioned) the money could be switched into).

And would this incur charges?

Maybe,maybe not.There could be a number of issues involved in fiddling about with an EPP, and with exiting a WP fund relating to tax free cash and guarantees and such.

Or would he be better off changing companies altogether? Is there any guarantee SL won't go the same way as Equitable?

Standard has now demutualised so it won't go the way of Equitable.If it needs more capital it can raise it from the stockmarket.

I think you'd be wise to consult an IFA in this case as this is a fairly complicated area where you can easily make a mistake which could cost you money.