Options for company pension after leaving

bigadaj

NStav wrote: »

I just spoke to another IFA recommended to me by the ifabrokers website (free consultation) and he told me:

1. If Aegon are happy for me to process the fund transfer myself without an IFA, to go with that;
2. If they need me to go through an IFA (shouldn't be the case for defined contribution) then the price quoted to me by my previous employers IFA team is a good price and I should stick with them.
3. For a pot the size of mine, at my age and considering I'm not earning at the moment, putting it into my existing Aegon fund will be a safe bet until I'm earning and ready to invest more proactively.

I am waiting back from Aegon to hear if they will allow me to do the transfer without an IFA.

Not being an ifa fan in general but the response you've received seems very good; reasonable advice from which the guy won't actually earn anything.

Notwithstanding that then you should follow xylophones suggestion and compare your existing pension fund with alternatives such as cavendish, as the latter could well be cheaper and offer you more alternatives for investment.