RBS Sipp- When/Why is another Transfer required...

QrizB

Qyburn said:

You seem to be floundering a bit. Did you transfer specifically for withdrawal? If so that's a screw up by not checking beforehand. If not, then does the scheme deliver what you need right now? Be methodical.

That was going to be my question too.

Why did you transfer from HL to NatWest / RBS? Id the lack of withdrawal options a deal-breaker?

When do you need to access your pension?

dunstonh

Thanks, I'm calling it Personal Sipp from account opening via HL recent years.
RBS call it Personal Pension, is that no longer Sipp then.

You can usually spot a SIPP by the fact you can purchase any investment quoted on the LSE along with whole of market on UT/OEICs.     Plus, they support drawdown.

There are some providers that have chosen to market their pensions as SIPPs despite not having virtually no SIPP functionality.   Marketing trumping reality.

Which Pension Providers accept Transfer to them for purpose of Drawdown- would I still be requiring 
new Min Cont's to be made.

Pretty much any SIPP provider offers drawdown.  None-require contributions.

Dandytf

QrizB said:

Qyburn said:

You seem to be floundering a bit. Did you transfer specifically for withdrawal? If so that's a screw up by not checking beforehand. If not, then does the scheme deliver what you need right now? Be methodical.

That was going to be my question too.

Why did you transfer from HL to NatWest / RBS? Id the lack of withdrawal options a deal-breaker?

When do you need to access your pension?

Why Transfer HL-RBS.
A few % negative - Since becomes 

+2.26%
My original choices were nice to read though listening to podcasts etc, I suspect it could have taken many years to
return positives. I had 2 ETF type funds, ETF's themselves have been questioned as not in favour as once thought.

I feel quite relaxed with NatWest pre managed choices.
No Withdrawal.

thanks