In Specie Transfer in from Zurich

Shylock

Was hoping to transfer my Zurich Personal Pension pot to a Fidelity or AJ Bell SIPP, but it doesn't look like either offer any of the Zurich investments my pension savings are currently invested in ie..  Zurich Managed AP, Zurich Equity AP etc..
Would there be any particular reason they're not offered?

Asghar

Shylock said:

Would there be any particular reason they're not offered?

They are managed and are exclusive to Zurich only, you would have to transfer out as cash and be out of the market in the meantime.

dunstonh

Would there be any particular reason they're not offered?

What you hold are insured funds.    Fidelity and AJ Bell do not offer insured funds.

Have you checked the charges on those?     The AP suggests ex Allied Dunbar.   There was a period when Allied Dunbar fund was heaving on charges when you were making contributions but if you stopped paying into it, there was no annual management charge.  They effectively took their charges from the contributions and capital units.       If you have one of those, then you would be increasing your charges by moving it.   Don't rely on the default charge on the fund factsheet.  

Shylock

dunstonh said:

Would there be any particular reason they're not offered?

What you hold are insured funds.    Fidelity and AJ Bell do not offer insured funds.

Have you checked the charges on those?     The AP suggests ex Allied Dunbar.   There was a period when Allied Dunbar fund was heaving on charges when you were making contributions but if you stopped paying into it, there was no annual management charge.  They effectively took their charges from the contributions and capital units.       If you have one of those, then you would be increasing your charges by moving it.   Don't rely on the default charge on the fund factsheet.  

Thanks,
Yes, its an old Allied Dunbar pension that I haven't contributed to for many years.  I want to move it into flexible access/drawdown and Zurich have told me they can't offer this, so guess I'll have to suffer the charges and re-invest elsewhere. 

threlkeld53

dunstonh said:

Would there be any particular reason they're not offered?

What you hold are insured funds.    Fidelity and AJ Bell do not offer insured funds.

Have you checked the charges on those?     The AP suggests ex Allied Dunbar.   There was a period when Allied Dunbar fund was heaving on charges when you were making contributions but if you stopped paying into it, there was no annual management charge.  They effectively took their charges from the contributions and capital units.       If you have one of those, then you would be increasing your charges by moving it.   Don't rely on the default charge on the fund factsheet.  

The platform charge is 0.18% and management fee (is that the same as ocf?) 0.75%.