ex employers pension (mercer) txfr to SL Sipp

r6owned

is it possible for me to do this myself?
I have taken advice that I can produce to either mercer or standard Life, if either of them want proof
I retired this past January and I'm over 65
thanks, Louise

dunstonh

What type of pension is it?

squirrelpie

"ex employers pension (mercer) txfr to SL Sipp"

I think Dunstonh meant, is it defined benefit (DB) or defined contribution (DC). The rules are different.

What advice have you taken? To prove what? From whom?

65 is no longer a magic number, BTW.

r6owned

its from Pensions trust, DC pension, I want to take the cash 25% but keep the rest of the fund invested, hence txfr to my SL Sipp
IFA for the TPT recommends transferring to SIPP, IFA that just terminated my 12yr agreement, recommended leaving the fund in TPT, but that was before i decided i want to take some cash out in the next month or so.
to prove i have taken advice, if TPT challange the transfer to SL Sipp
is this something I can do myself? contact TPT and tell them to transfer the fund to SL SIPP
Contact Standard Like and tell them to look out for funds from TPT... or is that too easy?
in another post (last month) somebody suggested I did'nt need an IFA as the one ive had for 12 yrs just terminated the greement after I asked a bunch of questions about their advice and work done for me over the past 12yrs
thankyou

xylophone

If this is a DC pension without safeguarded benefits, why do you need to demonstrate to TPT that you have taken advice?

Marcon

You only need advice if your DC pension has some sort of safeguarded benefits (e.g. guaranteed annuity rates).

Otherwise just open a SIPP with your chosen provider and then they'll provide you with any forms necessary to start the transfer in process.

westv

I've heard that Mercer can be very slow.