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Virgin Growth PEP
fiona.tedman
Posts: 3 Newbie
I no longer want to be in this PEP. Do I have to withdraw my money or can I transfer into a ISA?
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Comments
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Good decision to get out. Virgin is a poor choice of manager.
You much not withdraw the money. You transfer it by asking the new provider (typically a fund supermarket nowadays) to provide a transfer application.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.0 -
Thank you. but what is a fund supermarket? how do I choose/find one? 0
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If you are going DIY then hargreaves lansdown is the main one to look at. Others are available through IFAs if you want advice.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.0
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dunstonh and meester - thank you. :T Most helpful, I'm getting out of virgin PEP asap - especially with the volitility of the stock market just now. I think I will be transferring my fund to HL - probably as cash into their Vantage PEP while I decide what to invest in - is this a good idea?0
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fiona.tedman wrote: »dunstonh and meester - thank you. :T Most helpful, I'm getting out of virgin PEP asap - especially with the volitility of the stock market just now. I think I will be transferring my fund to HL - probably as cash into their Vantage PEP while I decide what to invest in - is this a good idea?
Yes....
As you say volatility is a problem, but transferring it can't hurt0
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