Friends Provident

simonts

I have acquired 3 pensions with FP over the years due to employer schemes etc.

I have a personal one I set up when I was about 18 which I pay x amount into a month and at the time was contracted out of SERPS, It still runs in this way untouched.

I have an ex company pension that I used to contribute to and get the employer contribution which is now stagnant since I left.

I have a new one with current employer, Again Friends Provident but the Employer will not allow you to transfer funds into the scheme.

I assume its pointless leaving the stagnant pension as it is and that I should be able to transfer it to my private pensions fund?

Both the previous plans were setup with personal or company IFA's but I dont remember who, I assume I can just contact Friends P directly?

EdInvestor

You need to look at the choice of funds and the charges on the two old pensions.It way be wise to amalgamate them, or it may be better to open a completely new one (which could be at a different provider) and move them over.

dunstonh

If you transact directly, FP will pay a commission to the servicing adviser regardless of whether they are involved or not. So, on that basis you may as well use an IFA. FP have quite a lot of the small to medium sized companies using their plans. A number are not the standard off the shelf product and larger quantity to have negotiated discounts. So, it isnt really possible for us here to make judgements about what is best without facts.

The pension will not be stagnant. It will remain invested in the same way as if you had paid a single premium.