should i keep my university employers pension

hazyfish

I'd welcome thoughts on what i should do with my pension..

I have just finished 5 years work at a UK university, where i paid (and the uni payed) into the Universities Superannuation Scheme. I'm not going back into the university sector. So,when i'm 65, I will get a lump sum of £8700 and nearly £3000 per annum at current prices. The value of benefits will be 'reviewed during the period of deferrement by reference to the change in the Retail Price Index from the date i left to the date of payment.'
I also have a private pension that i'm putting a small amount into at the moment (i'm working part time and looking after a baby).
My question is, should i keep the University pension where it is - is RPI a good thing to have my pension attached to ? I don't really want to take the USS pension and put it in my private pension because i like the idea of having my eggs in differetn baskets.
It would be good to hear anyones thoughts on this.

Thanks and all the best.

CLAPTON

yes of course
a wonderful scheme

Loanranger

Leave it where it is.

cvd

Presumably it will be CPI after next year, not RPI.

Loughton_Monkey

hazyfish wrote: »

I don't really want to take the USS pension and put it in my private pension because i like the idea of having my eggs in differetn baskets.

I understand the 'different baskets' concept, but this is insignificant in this context. You should leave it where it is simply because by transferring the cash out of it now, would be the equivalent of eating your golden goose now, just before it's about to lay another golden egg! Leave it where it is.

hazyfish

Loughton_Monkey wrote: »

You should leave it where it is simply because by transferring the cash out of it now, would be the equivalent of eating your golden goose now, just before it's about to lay another golden egg!

thanks for all your advice everyone- seems pretty clear !

Loughton Monkey, would be grateful for explanation of your comment about the golden goose and another egg. i'm a bit of a novice in financial affairs..