Partial pension encashment

oldcue25

Hi there, I am after some advice. if I take partial pension encashment can I stay in the same pension plan or does the provider change me to another one. When I got in contact with my provider they said I might have to change my pension plan but I don't want to as it performs really well and I am totally happy with it. 

MEM62

Even if you do need to take a new pension you can still select the same funds / investments.  

dunstonh

 if I take partial pension encashment can I stay in the same pension plan or does the provider change me to another one.

What method of drawdown would you be using?

If its just some of the tax free cash then you would need a plan that supports income drawdown.  Your existing plan may do this but it may not.

If you plan to use UFPLS, then again, it depends on whether the provider supports that or not.

 When I got in contact with my provider they said I might have to change my pension plan but I don't want to as it performs really well and I am totally happy with it.

Does the provider offer the same funds on their modern option?
Can the funds you are using be purchased on an alternative providers modern option?

Albermarle

they said I might have to change my pension plan but I don't want to as it performs really well and I am totally happy with it. 

Your pension plan does not perform, it is the investments within the plan that perform.

The pension maybe an old one that has old IT etc. 

So a new pension plan but with the same/similar investments, would give you more withdrawal options, without any impact on investment performance.