We'd like to remind Forumites to please avoid political debate on the Forum... Read More »
📨 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!
Transferring a small pot without advice
Options
Comments
-
My wife had 2 x very small ( a little under £3k) local government DB pensions and we applied to transfer them to her SIPP.
We got all the forms which indicated that we needed to seek financial advice. We returned the forms leaving the advisor section blank and added a note stating advice not required due to low CETV value. The pension was transferred without further communication to an existing AJ Bell SIPP.1 -
The local government who currently hold the pot are happy to transfer out. It's the receiving scheme who are insisting on financial advice. Very frustrating. I'm waiting for the outcome of an appeal
0 -
The local government who currently hold the pot are happy to transfer out. It's the receiving scheme who are insisting on financial advice. Very frustrating. I'm waiting for the outcome of an appealThat is logical as the ceding scheme don't carry any liability in this scenario. However, the receiving scheme does.
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.0
Confirm your email address to Create Threads and Reply
Categories
- All Categories
- 351.1K Banking & Borrowing
- 253.1K Reduce Debt & Boost Income
- 453.6K Spending & Discounts
- 244.1K Work, Benefits & Business
- 599K Mortgages, Homes & Bills
- 177K Life & Family
- 257.4K Travel & Transport
- 1.5M Hobbies & Leisure
- 16.1K Discuss & Feedback
- 37.6K Read-Only Boards