We’d like to remind Forumites to please avoid political debate on the Forum.

This is to keep it a safe and useful space for MoneySaving discussions. Threads that are – or become – political in nature may be removed in line with the Forum’s rules. Thank you for your understanding.

📨 Have you signed up to the Forum's new Email Digest yet? Get a selection of trending threads sent straight to your inbox daily, weekly or monthly!
The Forum now has a brand new text editor, adding a bunch of handy features to use when creating posts. Read more in our how-to guide

asda switching provider

aljanlew
aljanlew Posts: 2 Newbie
in Pensions, annuities & retirement planning
hi

I have received a letter informing me that asda will be switching its pension from Prudential to L&G from may all contributions will go to L&G. They are offering to transfer my existing holding of £50k to l&G.
The question is should I stay or should I go?

Comments

  • jem16
    jem16 Posts: 19,834 Forumite
    Part of the Furniture 10,000 Posts Name Dropper Photogenic
    aljanlew wrote: »
    hi

    I have received a letter informing me that asda will be switching its pension from Prudential to L&G from may all contributions will go to L&G. They are offering to transfer my existing holding of £50k to l&G.
    The question is should I stay or should I go?

    What are the charges for each scheme? Does it offer the fund choices you want if you move?

    Basically you need to compare each scheme and decide what's best for you.
  • jamesd
    jamesd Posts: 26,103 Forumite
    Part of the Furniture 10,000 Posts Name Dropper
    If it offers the investments that you want to use and the charges are no higher then it' worth transferring.
  • aljanlew
    aljanlew Posts: 2 Newbie
    thanks,
    I am not sure exactly what I need but do not have to reply until June so I have time to do some research.
    thank you again
This discussion has been closed.
★ ★ ★ Meet your Ambassadors

🚀 Getting Started

Hi new member!

Our Getting Started Guide will help you get the most out of the Forum

Categories

  • All Categories
  • 354K Banking & Borrowing
  • 254.3K Reduce Debt & Boost Income
  • 455.2K Spending & Discounts
  • 247K Work, Benefits & Business
  • 603.6K Mortgages, Homes & Bills
  • 178.3K Life & Family
  • 261.1K Travel & Transport
  • 1.5M Hobbies & Leisure
  • 16.1K Discuss & Feedback
  • 37.7K Read-Only Boards

Is this how you want to be seen?

We see you are using a default avatar. It takes only a few seconds to pick a picture.
Update Your Picture