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Pension Pot Transfer Process
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I'm not worried about being out of the market.
I'm worried about the transfer process being forgotten about, or transferred into someone else's holdings (if that's even possible).Goals
Save £12k in 2017 #016 (£4212.06 / £10k) (42.12%)
Save £12k in 2016 #041 (£4558.28 / £6k) (75.97%)
Save £12k in 2014 #192 (£4115.62 / £5k) (82.3%)0 -
My pension transfer is taking 2 months so far. Is that normal?
In specie transfers, its possible. If its conventional pension funds then no. 1-2 weeks is the norm. With what you say, it would be pension funds. SW (CM) are slow so make it about 3 weeks but 2 months is longer than normal and suggests a problem.You'd think an in-speccie transfer would take 2 seconds, not 2 months. No idea when it will be completed.
You wont be doing in-specie though.I am an Independent Financial Adviser (IFA). The comments I make are just my opinion and are for discussion purposes only. They are not financial advice and you should not treat them as such. If you feel an area discussed may be relevant to you, then please seek advice from an Independent Financial Adviser local to you.0
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