How to transfer out of a with profits pension fund?

suebfg

I am looking to transfer out of with profits pension fund into a different fund altogether. I understand that the transfer value can vary depending upon the position of the fund at any given time.

Is there a way whereby I can instruct the pension fund only to transfer out if the value of the fund is say within x% of its value if I were to stay in the fund?

Thanks

dunstonh

Is there a way whereby I can instruct the pension fund only to transfer out if the value of the fund is say within x% of its value if I were to stay in the fund?

Usually not no. That sort of trading software is expensive and comes with regulatory issues that are not likely to be suitable for an old style pension contract.

suebfg

Would a financial advisor be able to do that? I saw one who suggested it was possible.

dunstonh

It would be a risk for a financial adviser to do it. There is software that can do it but its not mature enough and typically follows only the unit/share price. Not MVRs/penalties. However, if they want to do it then that is their choice.

suebfg

Thanks for your advice

mania112

It might not be possible, inasmuch as pensions invested in With-Profits do not always allow fund switches.