Pension Transfer - Cash or Investments

shiraz99

I'm looking into transferring a couple of old persona pensions into a single SIPP and given the current climate what are the pros and cons of transferring cash rather than investments. I am aware that a cash value transfer will be quicker.

Marcon

https://forums.moneysavingexpert.com/discussion/6663551/pension-transfer-cash-or-investments

A question which pops up fairly regularly! For some general info on in specie transfers, see https://www.aviva.co.uk/retirement/transfer-your-pension/knowledge-centre/in-specie-transfers-explained/

Assuming you have the option to transfer in specie, see the following for a comparison of cash v in specie:

https://forums.moneysavingexpert.com/discussion/6492238/sipp-transfer-cash-or-in-specie

shiraz99

Unfortunately I think the choice is actually moot. I don't believe the funds in my biggest pot, which was an old NatWest plan taken over by Aviva will actually transfer to ii in specie. Hopefully I'm not out of the market too long.

retiringin26

If you can move your NatWest plan into a MM cash fund that tracks SONIA you can probably move the funds quite quickly and you hopefully won't lose out too much. They certainly won't go down unless interest rates go -ve..…

That what I did with similar situations and the SIPP transfers were mostly smooth

Albermarle

https://forums.moneysavingexpert.com/discussion/comment/81957739#Comment_81957739

I transferred an Aviva pension to a SIPP and the whole process took less than 48 hours.

Even if it takes a couple of weeks, you will probably only be in cash for two or three days at most. Selling your investments to cash is usually one of the latter stages of the transfer process.

dunstonh

https://forums.moneysavingexpert.com/discussion/6663551/pension-transfer-cash-or-investments

If there are personal pensions, then you are unlikely to have in-specie transfers available to you. There are only a handful of personal pensions on the market place that don't use pension funds.

So, you are probably worrying about something that you do not have an option on.