Crystal ball time

Dox

elantan wrote: »

Thanks everyone, yes it's more the CETV that I'm thinking about, we are using an IFA to transfer and will be entrusting him to invest it for us as it is quite a bit of money and although I dont mind using trackers for my pension it isn't as much as my husband's and I don't have the time or knowledge to take control of it, I have no issue paying an IFA for their services.

it isn't due to terminal illness but a forced change in employment role resulting in less than half wages, which will have a huge impact on the pension benefits and money.

Not sure you've twigged that you won't get a guaranteed CETV until you have actually left active membership of the scheme (so the reference above to 'time being left on the guarantee period' doesn't apply)? 'Active' membership means you are still making contributions (if the scheme requires employee contributions) and building up benefits. I suspect your reference to 'a deferred benefit' scheme - all too easy to do - should have been 'defined benefit scheme' which is why some answers have missed the point.

I wonder too if you've considered the possibility of leaving active membership of the scheme immediately before the point at which the reduction in salary would have an impact on 'final pensionable pay'. You could then just leave the pension where it is, and it will increase between the time you leave active membership and the time you draw your benefits (or transfer them). If you are seriously worried about the markets, that might be the sensible option.

Your adviser should certainly have been explaining both the above to you and taking them into account.

elantan

sorry yes I did mean defined benefits not sure why I put deferred they don't even spell similar,

we don't know exactly when it will happen, we know the plan is for within the next year hence the reason why we are starting now with the paperwork, we are aware it isn't guaranteed, it was something I discussed with the IFA and hence my previous question, the current plan is to transfer the pension then restart with the newer pension scheme which the company matches up to 10% ( so we will out the 10% in to get maximum benefit)

Thrugelmir

elantan wrote: »

bit of a no doubt silly question and I know no one can know the deffinate answer, but what are your thoughts on how funds will behave during and post Brexit ? maybe a year or so?

Events in the US and China , and elsewhere globally. Are more likely to influence market market volatilty than Brexit. US fiscal domestic policies appear to be driving the $ higher. The £ is a mere bystander.