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Defined benefit pension transfer red tape.

thejaminthecity · 2017-01-15 20:21:05

Has anyone managed to successfully transfer a defined benefit pension with a value over 30k to a SIPP using an FCA registered IFA. Most pension companies whether source or target won't agree to transfers without favorable advice from an IFA and the actuary I used can't find an IFA willing to do the transfer because they…

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PeacefulWaters Posts: 8,495 Forumite

23 January 2017 at 9:41AM

Dark_Sunday wrote: »

Is the IFA fee taken from the DB CETV pot or do you need to pay hard cash ?

It can be either, subject to the rules of the provider receiving the money.

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Defined benefit pension transfer red tape.

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