wheres best to transfer protected rights ?

dunker1

Hi all, just transfered pension to a Hargreaves Lansdown SIPP.
The protected rights part can not be put in the SIPP and has to go to a private pension.
They mention using Scottish Widows which only seems to have a small selection of funds to choose from, does anyone have any advice of who else there is to consider using other than SW.
Any assistance is much appreciated.

dunstonh

You could have used a fund supermarket pension which do accept protected rights. Although its too late now unless you have a decent protected rights pot. Scottish Widows also have a fund supermarket pension as well now (indeed, they may not have a personal pension for too much longer if their reps are to be believed). NU have a good PPP (its cheaper than their stakeholder when using internal funds and they have a half decent fund range with 38 funds being added shortly with more to follow in what they call a rapid increase in funds). AXA have a good range on their PPP. A decent fund spread with any of these could be a lot cheaper than HL (if they were to take PR).

EdInvestor

dunker1 wrote: »

They mention using Scottish Widows which only seems to have a small selection of funds to choose from...

Suggest you check this, AFAIK SW has one of the best selections of external funds.

dunstonh

EdInvestor wrote: »

Suggest you check this, AFAIK SW has one of the best selections of external funds.

The SW stakeholder has a low number. The personal pension has a relatively decent number (enough to build a decent spread on) and the SW fund superkmarket pension has around 1000 funds. It is certainly up there with the best options. Especially with their factory gate pricing and discounting on annual management charges with larger fund values.

Scottish Widows do cut down their personal pension product and stakeholder with certain distribution channels and the best option is only available on the whole of market/IFA distribution channel.

dunker1

Thanks guys