How do I find a pension provider who provides pension drawdown without advice?

BIGFATBALOO

Roger175 said:

I had a truly awful experience doing a Transfer out of Pru recently. They are just so hopeless, I couldn't even to begin to set out the story without taking pages to do so and boring everyone to death. However, one point of interest was that they said they couldn't do it using Origo and no matter how many times I asked I couldn't get a straightforward answer why not. One of their advisors suggested it was because I might have had some safeguarded benefits ... once it had all eventually gone through I studied all the paperwork and found that the only thing referred to as a safeguarded benefit was that I could access the pension at age 55. So could anybody else of my age and actually being 60 meant this was of no use to me whatsoever. 

Just prepared yourself for a shedload of hassle doing anything with Prudential, they are totally unbelievably useless, with antiquated systems and miss every single deadline without fail.

I'm in the same situation with Prudential I only have £15,863
In a with profits fund I wanted to take 25% & level the rest to a future date but they told me I need a FA to do this I'm thinking about transferring to a drawdown company but frightened I will lose £s my pension retirement date was 1/8 /24  I am 65 & will receive my state pension April 2025 ? Pretty clueless with pensions 🤔

dunstonh

In a with profits fund I wanted to take 25% & level the rest to a future date but they told me I need a FA to do this I'm thinking about transferring to a drawdown company but frightened I will lose £s my pension retirement date was 1/8 /24  I am 65 & will receive my state pension April 2025 ? Pretty clueless with pensions 🤔

Pru will do in-house drawdown where there is not any safeguarded benefits.   Where there are safeguarded benefits, they will tell you to use an IFA (I don't think they would tell you to use an FA).

In reality, no IFA is going to look at £15,863 and offer their services as its not cost effective.    

frightened I will lose £s my pension retirement date was 1/8 /24  I am 65 & will receive my state pension April 2025 ?

The maximum age for old Pru contracts is age 75.  Not 65.      The 65 thing is just for statement projections.  They will just defer it until they hear something from you and keep doing that until 75.

BIGFATBALOO

dunstonh said:

In a with profits fund I wanted to take 25% & level the rest to a future date but they told me I need a FA to do this I'm thinking about transferring to a drawdown company but frightened I will lose £s my pension retirement date was 1/8 /24  I am 65 & will receive my state pension April 2025 ? Pretty clueless with pensions 🤔

Pru will do in-house drawdown where there is not any safeguarded benefits.   Where there are safeguarded benefits, they will tell you to use an IFA (I don't think they would tell you to use an FA).

In reality, no IFA is going to look at £15,863 and offer their services as its not cost effective.    

frightened I will lose £s my pension retirement date was 1/8 /24  I am 65 & will receive my state pension April 2025 ?

The maximum age for old Pru contracts is age 75.  Not 65.      The 65 thing is just for statement projections.  They will just defer it until they hear something from you and keep doing that until 75.

Sorry don't know the difference between FA & IFA 

BIGFATBALOO

this is what I recieved thanks for your help