Royal London Pension - Stick or Transfer?

Aminatidi

I have a RLP pension from a previous employer.

Charges are 0.3% all-in so a pittance and right now it's in the Governed Portfolio 4 which is the default for my age (mid 40's).

My current workplace pension is Aviva and like most pension providers they don't seem to offer a simple cheap dumb multi-asset.

I was considering whether to transfer the RLP pension to a SIPP either with HL or Vanguard but as I understand it with my RLP pension because of when it was setup I have an "unqualified right" to access it at 55 whilst with a SIPP I'd lose that right and it would be accessible at 57.

Have I missed anything or misunderstood please?

dunstonh

My current workplace pension is Aviva and like most pension providers they don't seem to offer a simple cheap dumb multi-asset.

That is strange is virtually every Aviva pension that I see has multi-asset funds available.  Often their mixed-equity range to match the default sectors or the blackrock/aquilla tracker mixes

I was considering whether to transfer the RLP pension to a SIPP either with HL or Vanguard 

Why would you want to pay more in charges for a perfectly good option you already have?   

Aminatidi

"considering"

If it's as I believe and I'd be stuck with 57 as the minimum age to access it then it makes sense to leave it work Royal London as they're cheap and obviously have a good reputation.

Thanks for the pointer on the Blackrock options as there are a lot of funds to look through and the names aren't always obvious (as you know it seems that a fund names 70:30 actually means 70% UK equity and 30% global or something like that rather than 70:30 stocks/fixed income).