serps advice

mark55man

Hi - grateful for some advice

I am 47 and have been contracted out (with Scot Wid) from early on. I have been in a final salary scheme (same company) since 1989, but this has recently closed and I am now in the company DC scheme with Std Life

I know I am at (just past) the point where I should contract back in, and have got all the forms needed to do that - before I do that I would appreciate some insight around what I can do with the just under £50K or so in my pot.

1. Can I transfer it to my current DC scheme as a booster - quite a wide range of funds
2. Can I transfer it to a pension vehicle where I have more control - I see some chat about SIPP but don't know much about that (yet)
3. Should I leave it with where it is - which I am reluctant to do, as I would rather be more aggressive investment-wise (8-12 years) than a large corporate generic fund would manage

For me one benefit of the closure of my FS scheme is that it has opened possibilities for earlier retirement without decimating value of my pension - this is important to me and I would want to maximise this

Thanks

Mark