We'd like to remind Forumites to please avoid political debate on the Forum... Read More »
We're aware that some users are experiencing technical issues which the team are working to resolve. See the Community Noticeboard for more info. Thank you for your patience.
📨 Have you signed up to the Forum's new Email Digest yet? Get a selection of trending threads sent straight to your inbox daily, weekly or monthly!
Prudential personal pension - total confusion!
Options
Comments
-
Pru have an in-house sales team that will do this but their charges are higher than a typical IFA.
Or the OP could approach another pension provider offering flexible access and arrange a transfer?
0 -
tacpot12 said:If you are not sure what to do, I woudl suggest that you give the Pru a call and ask if there is a Financial Adviser (FA) they can put you in touch with. I have a friend who was in an identical situation to yourself last year. He asked for an Adviser, and they put him in touch with a FA that worked with (but not for) the Pru. They can only advise on Pru products, but Pru have all the product you might need to take your pension in any way you want to do so.
I met the FA with my friend and was very impressed with their professionalism, and with the reasonableness of their charges. They were not cheap but neither were they expensive, so if you have been happy with the Pru, using their FA will get you the advice you need and they will arrange for your pension to be paid exactly as you want it. You might get a bit better value going elsewhere, but there are also risks that need to be considered.
I am an Independent Financial Adviser (IFA). Any posts on here are for information and discussion purposes only and should not be seen as financial advice.0 -
Thank you all for your very helpful comments. Today I’m going to look at all of my schemes. The PRU one appears to have a good transfer value so thinking I’ll investigate moving that one into a plan that’s allowed where I live (non UK although in various UK scenes due to employment). However I’ll need to get actuarial advice so will need to weigh up the costs! Thanks again all - I’ll pop back if I have further questions.1
-
wjr4 said:tacpot12 said:If you are not sure what to do, I woudl suggest that you give the Pru a call and ask if there is a Financial Adviser (FA) they can put you in touch with. I have a friend who was in an identical situation to yourself last year. He asked for an Adviser, and they put him in touch with a FA that worked with (but not for) the Pru. They can only advise on Pru products, but Pru have all the product you might need to take your pension in any way you want to do so.
I met the FA with my friend and was very impressed with their professionalism, and with the reasonableness of their charges. They were not cheap but neither were they expensive, so if you have been happy with the Pru, using their FA will get you the advice you need and they will arrange for your pension to be paid exactly as you want it. You might get a bit better value going elsewhere, but there are also risks that need to be considered.The comments I post are my personal opinion. While I try to check everything is correct before posting, I can and do make mistakes, so always try to check official information sources before relying on my posts.0 -
tacpot12 said:wjr4 said:tacpot12 said:If you are not sure what to do, I woudl suggest that you give the Pru a call and ask if there is a Financial Adviser (FA) they can put you in touch with. I have a friend who was in an identical situation to yourself last year. He asked for an Adviser, and they put him in touch with a FA that worked with (but not for) the Pru. They can only advise on Pru products, but Pru have all the product you might need to take your pension in any way you want to do so.
I met the FA with my friend and was very impressed with their professionalism, and with the reasonableness of their charges. They were not cheap but neither were they expensive, so if you have been happy with the Pru, using their FA will get you the advice you need and they will arrange for your pension to be paid exactly as you want it. You might get a bit better value going elsewhere, but there are also risks that need to be considered.1
Confirm your email address to Create Threads and Reply

Categories
- All Categories
- 351K Banking & Borrowing
- 253.1K Reduce Debt & Boost Income
- 453.6K Spending & Discounts
- 244K Work, Benefits & Business
- 598.9K Mortgages, Homes & Bills
- 176.9K Life & Family
- 257.3K Travel & Transport
- 1.5M Hobbies & Leisure
- 16.1K Discuss & Feedback
- 37.6K Read-Only Boards