Timing of pension transfer.

lollynerd

I need to convert one of my old company pensions into a drawdown pension with the same provider (Aviva) this financial year.

My question is, does it make any difference if I try to time the market, i.e. when it is high or low?

Assuming the old and new investments go up and down by the same %, are there any other factors I should consider regarding the timing of the transfer?

Thanks

Thrugelmir

lollynerd wrote: »

My question is, does it make any difference if I try to time the market, i.e. when it is high or low?

What is current pension invested in?

dunstonh

My question is, does it make any difference if I try to time the market, i.e. when it is high or low?

No as one assumes you are going to use the same strategy as before. Unless the old strategy was not optimal or you have decided to move around the risk profile.

Aviva's modern plan is more advanced than their old one. So, more investment funds available.

You will be out of the market for a few days as Aviva Life and Pensions is a different company to Aviva platform and transfers are still done using origo options.

One assumes you are getting special pricing on the new Aviva pension as they offer retention deals via IFAs where the fund value is above £50k. That can make a big difference in the charges.

lollynerd

It's in the Av Defensive Managed S6 fund

Thanks