Merging pension pots 9 December 2019 at 11:22AM edited 30 November -1 at 1:00AM in Auto-enrolment 1 reply 1.3K views

caitimacc

Hi, Ive a workplace low risk investment pension with Aviva and a historical ethical stakeholder pension that is now with Retiready... pots total about £100K
Ive left my current employment and want to consolidate my pots... Ill be 55 in 2020 and want to draw on my funds to invest in my own retirement plans...
Ive been searching for information on who decides what determines a pension investment, but can't find an answer.

Is it possible to invest your pension fund in yourself, ie your own enterprise/portfolio or do you have to invest in other peoples enterprises/ portfolios?

Where can I get advice on this, all the FAs Ive spoken to want to sell me products, not autonomy...

SonOf

You would probably get a quicker and more detailed response if you posted in the main pension section. This sub-forum is dead and most regulars dont look here.

However, some quick answers....

Is it possible to invest your pension fund in yourself, ie your own enterprise/portfolio or do you have to invest in other peoples enterprises/ portfolios?

To some extent yes (such as buying your commercial property that you want to operate out of) but mostly no.

Where can I get advice on this, all the FAs Ive spoken to want to sell me products, not autonomy...

FAs are restricted to providing advice on their own product range. So, FAs cannot help you. IFAs can help you as IFAs are independent. However, 99% of the advice given by IFAs sticks to regulated mainstream investment options. Not the weird or unusual things. Many IFAs will not be interested if you are going into those weird things as they tend to go bump in night and nobody wants that.