recently retired

greyduke

New to forum so go easy on me,not very savvy but willing to learn with some of your excellent guidance .I recently retired aged 66 sp £156 which includes 1 year deferment, have about £85,000 in isas, already getting £2,500 from 1 pension.I want to go into drawdown with 2 further pensions approx £154,000. My question is how do you compare charges for the transfer and administration of these pensions,I have really tried but get very confused with all the jargon, when all want is the bottom line. Is there any site that will compare charges?Thank you in advance for any comments

xylophone

already getting £2,500 from 1 pension.

Per month/annum?

The other two pensions are DC pensions without safeguarded benefits?

You could consider DIY

http://www.moneysavingexpert.com/savings/cheap-sipps

https://www.pensionwise.gov.uk/?gclid=CN3XkaS04tECFUiMGQodLg4IoA

might be worth a look - otherwise you could seek advice from an IFA.

http://societyoflaterlifeadvisers.co.uk/

dunstonh

My question is how do you compare charges for the transfer and administration of these pensions

I would recommend you dont just focus on charges. Look at quality of service and administration requirements.
Also look at the investments available. If provider A doesnt offer the investments you want but is cheaper than provider B who does, then you should still go with provider B. Charges are always secondary to investment selection.

greyduke

Thanks for your prompt replies, £2,500 per year,both dc pensions with no strings it does seem sense to go for best provider , not the cheapest