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How long???
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fronty
Posts: 142 Forumite

Wow, is this normal?

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In-specie transfer between SIPPs? One of which is I-yai-yai? I'd assume it will take longer and be happy to be surprised.0
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it says ' up to ' - so hopefully it will be quicker .
As well as both SL and II being prompt in their actions it also depends on the fund administration working well if you are transferring in specie.0 -
one of mine took longer than that - about 3 months of chasingI’m a Senior Forum Ambassador and I support the Forum Team on the Pensions, Annuities & Retirement Planning, Loans
& Credit Cards boards. If you need any help on these boards, do let me know. Please note that Ambassadors are not moderators. Any posts you spot in breach of the Forum Rules should be reported via the report button, or by emailing forumteam@moneysavingexpert.com.
All views are my own and not the official line of MoneySavingExpert.0 -
My transfer into II took about 7 weeks. I think II did all they could and it was the old scheme that was slow. I've been pleasantly surprised with II's efficiency and they are very helpful on the phone.0
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It wasn't ii's fault in my case either, it was the middle man registrar? who had a backlog and were really slow assigning the funds from one provider to the other.I’m a Senior Forum Ambassador and I support the Forum Team on the Pensions, Annuities & Retirement Planning, Loans
& Credit Cards boards. If you need any help on these boards, do let me know. Please note that Ambassadors are not moderators. Any posts you spot in breach of the Forum Rules should be reported via the report button, or by emailing forumteam@moneysavingexpert.com.
All views are my own and not the official line of MoneySavingExpert.0 -
Seems to be going okay, I had 18 contract "sell" notes from Standard Life today (my pension was invested in that many funds) and I can see I just have a big pot of cash in my SIPP now amounting to just shy of £375K, so hopefully it won't be long now until this appears in my II SIPP.
With the election coming up I'm beginning to wonder if I should sit out of the market until it's done, just in case the result proves to be a bit of a shock (i.e. Labour win). If Boris wins do we think the markets will jump a bit or is a Tory win already priced in?0 -
With the election coming up I'm beginning to wonder if I should sit out of the market until it's done, just in case the result proves to be a bit of a shock (i.e. Labour win). If Boris wins do we think the markets will jump a bit or is a Tory win already priced in?
If you hadn't been transferring across would you have sold down your funds and waited until after the election before investing again?
I assume not, so assuming you're investing in a properly diversified way then if it were me in this position then I'd be investing straight away. However if you are really worried about making the decision, then how about investing 50% now and the rest after the election.
P.s. glad your transfer is going smoothly.0 -
With the election coming up I'm beginning to wonder if I should sit out of the market until it's done, just in case the result proves to be a bit of a shock (i.e. Labour win).
Did you disinvest on September 3rd and reinvest on September 23rd? If not, why not?
Because the markets might have gone up and might have gone down over that period as well, with the odds equally indistinguishable from a coin flip to an individual investor. Like every other three week period ever.
If for some reason you were particularly worried about the effect this particular unimportant local news story would have on the markets, but were still generally happy to take investment risk to get a better return than cash, you would be thinking about investing all your money in ex-UK funds. Not cash.
If you are not happy to take investment risk you should just cash in everything permanently.
(From the perspective of an investor with access to developed stock markets, whose portfolio should be diversified globally, whether an economy representing 3% of global GDP decides that the proportion of state spending should be 40% of GDP or 42% is an unimportant local news story.)0
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