We’d like to remind Forumites to please avoid political debate on the Forum.

This is to keep it a safe and useful space for MoneySaving discussions. Threads that are – or become – political in nature may be removed in line with the Forum’s rules. Thank you for your understanding.

📨 Have you signed up to the Forum's new Email Digest yet? Get a selection of trending threads sent straight to your inbox daily, weekly or monthly!

Transfer Pension without using Financial Services Advisor

Hello

My previous employer swapped pensions schemes during my employment.
I was employed with this company for 3.5 years.
This means I have 2 years company+personal pension contributions with Standard Life and 1.5 years company+personal pension contributions with Scottish Equitable.

I want to consolidate the 2 pension policies from my previous employer. I want to transfer funds from Standard Life to Scottish Equitable. However, Scottish Equitable say they are unable to accept these funds from Standard Life without the authority of a Financial Services Advisor. Is this true?

Why should I have to pay a third party to action a decision for me that I have already made? Seems like a load of bureacracy and red tape!

Is there a way of getting round this?

Are there any other alternatives? (besides not consolidating the pensions!)

Thanks all in advance for your advice,

Mariyah

Comments

  • misskool
    misskool Posts: 12,832 Forumite
    10,000 Posts Combo Breaker
    Hi, I think you have posted in the wrong forum, I have moved your thread to the Pensions board.
  • Hi Misskool,

    I noticed the same just after I posted my message, and posted it again the the right forum anyway.

    Thanks again.
This discussion has been closed.
Meet your Ambassadors

🚀 Getting Started

Hi new member!

Our Getting Started Guide will help you get the most out of the Forum

Categories

  • All Categories
  • 352.3K Banking & Borrowing
  • 253.7K Reduce Debt & Boost Income
  • 454.4K Spending & Discounts
  • 245.4K Work, Benefits & Business
  • 601.1K Mortgages, Homes & Bills
  • 177.6K Life & Family
  • 259.2K Travel & Transport
  • 1.5M Hobbies & Leisure
  • 16K Discuss & Feedback
  • 37.7K Read-Only Boards

Is this how you want to be seen?

We see you are using a default avatar. It takes only a few seconds to pick a picture.