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small value left in old pension after transfer
Mistermeaner
Posts: 3,103 Forumite
hi i recently tranferred 450K+ from old workplace scottish widows pension into my current employers scheme (all DC), done as a simple cash transfer.
Logged into my scottish widows pension just out of curiosity and there is still ~£250 in there - small beer in the scheme of things but that is my money and should have transferred
I've emailed scottish widows a couple of times over the last month and no response yet
Is this sort of thing normal? Will it transfer automatically at some point?
Don't want it sitting there and being forgotten about then eroded with charges
Logged into my scottish widows pension just out of curiosity and there is still ~£250 in there - small beer in the scheme of things but that is my money and should have transferred
I've emailed scottish widows a couple of times over the last month and no response yet
Is this sort of thing normal? Will it transfer automatically at some point?
Don't want it sitting there and being forgotten about then eroded with charges
Left is never right but I always am.
0
Comments
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We had something similar with Vanguard when we transferred to II, and I just messaged them and asked them to transfer the monies in line with the previous transfer request.Personal Responsibility - Sad but True

Sometimes.... I am like a dog with a bone1 -
Logged into my scottish widows pension just out of curiosity and there is still ~£250 in there - small beer in the scheme of things but that is my money and should have transferredit is very common for there to be a residual balance after a transfer. interest and dividends often arrive a month or two after they go XD. If there were regular contributions, it could have arrived after the transfer date.Is this sort of thing normal? Will it transfer automatically at some point?yes its normal. Some providers will automatically diarise for 6-12 months later and mop it up with a transfer. Some need to be asked to do it. It rarely needs new forms as the original instruction will still be valid.
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.1
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