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"Small" Final Salary Pension Transfer
GTLC
Posts: 2 Newbie
I have a final salary pension with a transfer value of £52,000. I would like to have this reviewed as I would like to transfer it to a SIPP.
Unfortunately I cannot seem to find an adviser interested in this size of pension. Most have a > 200K minimum transfer value limit.
Could anyone recommend a pension adviser / company that would be able to help?
Many thanks.
Unfortunately I cannot seem to find an adviser interested in this size of pension. Most have a > 200K minimum transfer value limit.
Could anyone recommend a pension adviser / company that would be able to help?
Many thanks.
0
Comments
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Even if you can find an advisor they will want probably around £3K to £4K + maybe charges for setting up the SIPP ( You can DIY this but the IFA might insist to so it as part of the deal . So your £52 K will be 10% down before you start1
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Thanks Albermarle. I understand that the fee for the advice may be high, as I'm asking someone to do the due diligence and back up their recommendation, but I'd like the option. At the moment, I'm looking at a long wait for a small amount. Transferring would allow me more flexibility, and for that, it may be a price worth paying.0
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You'll struggle to find anyone to take this, as you've already found. All you can do is check the FCA register for advisers who have the necessary permissions to advise on DB pension transfers and keep ringing round. Link: https://register.fca.org.uk1
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