Should I transfer money on Smart Pension to Peoples Pension

Hi Guys
Im just trying to sort out numerous pensions. 

My husband has a sum of £2791.16 in a Smart Pension, he doesn’t pay into this anymore.  His workplace pension is with Peoples Pension, he currently has £15,071 here and continues to pay into it through work.

I was thinking of transferring so  that he has them together. But don’t want to of it would be detrimental. 

Would appreciate your thoughts
thank you Jo


  • MallyGirl
    MallyGirl Forumite, Senior Ambassador Posts: 6,314
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    do the people's pension charge any fees on transfers in?
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  • Brie
    Brie Forumite Posts: 7,438
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    also what are the fees on both?  If the Smart Pension has significantly lower fees then it might be nice to keep it separate so that it can be taken at a different time than the other.  It also might be able to be taken all in one go as a "trivial" pension.
    "Never retract, never explain, never apologise; get things done and let them howl.”

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  • dunstonh
    dunstonh Forumite Posts: 114,278
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    Peoples pension and smart pension are so similar its like comparing two granny smith apples.
    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.
    JOBEN Forumite Posts: 90
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    Thank you, I will look into the fees etc and make my decision from there 
  • Albermarle
    Albermarle Forumite Posts: 18,745
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    Smart charges 0.3% + £1.25 a month
    PP charges 0.5% with discounts as the amount held gets bigger.

    For the amounts involved these very small charge differences will have little impact.
    Both are happy to accept transfers with no charge.

    OP - More important is that you OH has the right investments for him/his age within the pension. Both providers websites have good info about the investments available and how they work.
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