Abbey National (Santander) Retirement Investment Account

Rileylife

I started this account in 1988 when I opted out of SERPS. I have never personally contributed to this fund. I am now 49 and this fund is now earning 0.4%. The value of this fund is £34,083, as at 4 July.

I did start my own private pension plan in 1982, had other plans with various employers and I merged all of these into a stakeholder plan with Norwich Union (AVIVA) in 2004. At the time I was told I was not allowed to include the Abbey National fund in the merger. The value of this plan is £64,631 as at 31 October 2011. I contribute £150 per moth to this plan.

I seems obviously to me that I should transfer the Santander fund into the AVIVA fund, but is this actually the right thing to do?