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I have 4 small pensions am transferring 3 into the largest
PollyAshley
Posts: 2 Newbie
Can anyone tell me please if there is anything I should be looking at when
I transfer 4 small pensions into 1 large one regarding the protected rights parts? 2 of the pensions have protected rights. Does that make any difference?
I transfer 4 small pensions into 1 large one regarding the protected rights parts? 2 of the pensions have protected rights. Does that make any difference?
0
Comments
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Things to look at are:
1 - costs
2 - investment options
3 - guarantees lost
moving the three small ones into the large one doesnt sound like you have analysed the above things with each of the plans and with current modern alternatives.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 -
Thanks - you are right - but as the pensions are small it would probably cost more than they are worth to approach an IFA - so I am trying to sort it out myself - but it is a lot harder than I thought it would be0
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I would say that if the total pot is over £10k then its worth using an IFA.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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