Equitable Life Pension

New_World_Man

I have a with profits pension which I last paid into many years ago and I had never really given it much thought after their troubles. It is only recently that I updated my address with them and now have a current statement. It was never part of my pension planning and any value within it is a "bonus".

I have a rainy day fund, pay Salary Sacrifice for extra pension in the Civil Service, intend to retire at 60 (I am 51) and mortgage will be paid before retirement.

The Equitable Life pension states -
Guaranteed Value. 15,216
Transfer Value. 17,279

It look as if they are offering an inducement to transfer out.

Any thoughts on whether to leave it or transfer it out?

Where can I transfer it to? I don't intend to make any more payments into this pension.

xylophone

http://www.equitable.co.uk/ifa/the-equitable-personal-pension-plan/

http://www.equitable.co.uk/policyholders/transfer-options/

may be of interest.

You would need to find a pension provider willing to accept the transfer and ask that provider to set the process in motion.