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Equitable Life

rbulph
Posts: 547 Forumite


I've got about £7K in an Equitable Life Personal Pension. Years after the guaranteed investment debacle they remain pants (e.g. they haven't sent me a statement for 18 months, they take ages to get through to on the phone etc.), and I'd like to transfer this money to one of my other personal pensions - with Sun Life and Friends Provident. Any advice as to the wisdom of transferring to one or the other?
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Comments
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You'd need to compare the charges, fund choices and performance of the two pensions to take a view.Trying to keep it simple...0
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you need to check out the exit penalties or MVA (market value adjuster) as they confusingly call it .i think its running at 5% for equitable at the moment0
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rbulph - currently looking to move DH pension out of Equitable Life at present as the exit charge dropped to 5% in April 2007.
You just need to check in case you have any valuable guarantees with Equitable Life before switching - you may be lucky!"Success is the ability to go from failure to failure without losing your enthusiasm" (Sir Winston Churchill)0 -
There are no GARs at Equitable any more.You might have a GIR - guaranteed investment return - of 3.5%.
This would only really be of interest to someone close to retirement.Trying to keep it simple...0
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