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Pension consolidation
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Dee8214
Posts: 6 Forumite
Are pension consolidation companies like pension bee safe?
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Comments
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Pension Bee is totally safe.1
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Pensionbee is not a pension consolidation company. Indeed, there is no such thing. Virtually all pensions accept transfers in from other providers.Dee8214 said:Are pension consolidation companies like pension bee safe?
What do you mean by safe?I am an Independent Financial Adviser (IFA). The comments I make are just my opinion and are for discussion purposes only. They are not financial advice and you should not treat them as such. If you feel an area discussed may be relevant to you, then please seek advice from an Independent Financial Adviser local to you.1 -
I took it to mean "safe" = "not scammers".dunstonh said:
Pensionbee is not a pension consolidation company. Indeed, there is no such thing. Virtually all pensions accept transfers in from other providers.Dee8214 said:Are pension consolidation companies like pension bee safe?
What do you mean by safe?1 -
Thanks did mean is it some sort of scam? Has anyone any experience of using them ?0
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They aren't some sort of scam.Dee8214 said:Thanks did mean is it some sort of scam? Has anyone any experience of using them ?
Before you go any further, you might find this useful reading: https://www.thisismoney.co.uk/money/pensions/article-3550085/STEVE-WEBB-merge-small-pension-pots.htmlGoogling on your question might have been both quicker and easier, if you're only after simple facts rather than opinions!2 -
What made you think it might be a scam? - it is possible for scammers to use company names / clone the website, although I've not heard that Pension Bee has suffered this.Were you phoned out of the blue by someone?0
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