old salary pension

thecrem

Hi, thank you here.....
I am not going to retire,,,am seeking employment,and am firm on getting this a.s.a.p , am now on jobseekers allowance....Debtors are informed of this......so not worried here...............
pension advice line mentioned about IFA advice,
it is my final decision I know, and your all helpfull....However I am thinking if I wait until april 2015..I can do this without help of other companies like AGEPARTNERSHIP and avoid charges being paid to them....OR take out now...and their fee charged would be made up in interest if i put funds in savings account......what do you think....
rgds

thecrem

can you please recommend a good reliable company I could transfer my pension to so I can obtain a lump sum and rest saved to withdraw later in life......like this company AGE PARTNERSHIP,,,is there another realiable good company.....thank you

dzug1

thecrem wrote: »

can you please recommend a good reliable company I could transfer my pension to so I can obtain a lump sum and rest saved to withdraw later in life......like this company AGE PARTNERSHIP,,,is there another realiable good company.....thank you

No such company exists. The advice you have been given here that it's a bad idea means that no reliable and honest company will do it for you.

thecrem

Hi dzug1, so they are not reliable and honest..meaning they will take costs and some high some low.....from my point arent they large companies that do this....such as Scotish Widows etc...

atush

Hargreeves lansdown, but you will have to pay an IFA who may not sign off on it. AS it is regarded as a missale. AS it is not a good thing to do.

luvchocolate

Please read the advice given on your thread, these posters are very knowledgeable. I have planned my retirement through reading and posting on here....very good advice

thecrem

Anyone....I got a couple of phone calls after someone read my info here...How would this happen, who are these people who call me asking to if they can help me etc.etc......

greenglide

You have been in touch with "agepartneship" according to earlier posts. Have you been it contact with other similar companies?

Any of these could have passed on your details.

You have been given suggestions in this forum, you appear to be ignoring it ................

xylophone

Anyone....I got a couple of phone calls after someone read my info here...How would this happen, who are these people who call me asking to if they can help me etc.etc......

Have you read post 20? You have been told repeatedly that transferring out of a Final Salary pension scheme is rarely a good idea - any receiving scheme will require that you consult an IFA with the necessary qualifications for pension transfer - as for cost, this will depend on the IFA.

thecrem

hi,
no I have only let Age partnership know all details, have enquired with Hargreave lansdown, whose initial price on first call is about 45% fees....which is very higher then AgePartnership.....I have taken advice from all, and am seeking legal advice before final decision....I know my options...now and when I retire.....Withdraw now 25%, rest put in drawdown fund with Scotish Widows....when I retire....which will help me out NOW and later in life.....