What to do with 2 old pension funds

JohnnyJet

Daniel_Elkington wrote: »

The stranded pots ruling only applies to occupational pensions. If this pension is a Group Personal Pension then the rule does not apply, however if it is money purchase then it does (confusing I know).

Call up your administrators (mouchel around my area) and ask them for a transfer in quote and ask for the assumptions they made in making that quote. At this point you may have to perform some arithmetic!

This was a salary sacrifice pension but I don't think that it was a company pension, they just took the money at source and passed it onto the pension provider. I don't really know what the difference is. Is this a group pension then?

JohnnyJet

kidmugsy wrote: »

It might be fruitful to start a new thread with that question in the title e.g. "Transfer old pensions into LGPS?" - that might attract the LGPS experts.

Thanks, will do when I have checked the links that have been posted.