What is the cheapest way of moving a pension pot with an IFA?

spakkaman

I phoned up Clerical Medical to request a transfer of my circa £30k pot (old AVC scheme no longer linked to my employer) to my Skandia pension pot where I am more comfortable with circa £70K invested across a decent batch of funds of my choosing. I contribute several hundred pounds per month into the Skandia and intend to continue so that I get a decent result at 65 (I know I can access it earlier but this remains my plan) .
I dont want to use an IFA but CM are insisting.
This is therefore a simple admin task - how do I find someone to move this money on my behalf at minimal cost.
NB I have a very decent final salary pension that will pay me circa £50k next year when I leave my company at 55yrs old. I intend to carry on in the world of work to at least 60 but hopefully with less stress! .

dunstonh

I dont want to use an IFA but CM are insisting.

AVCs are treated as occupational pensions. So, that is probably why.

This is therefore a simple admin task - how do I find someone to move this money on my behalf at minimal cost.

It is relatively simple but the liability is the issue. Personally, my PI insurer and compliance wont allow execution only transfer of occupational pensions. I suspect many will be the same. So, either you find what that can do it execution only or expect to pay a little more

xylophone

https://forums.moneysavingexpert.com/discussion/2585203