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Is your pension among the good or the bad? |
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'Pensioners still working to pay mortgages' |
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'Men & women unprepared for retirement' |
A pension transfer involves transferring your current
pension fund from one pension provider to another.
This would mean transferring all of the contributions you
have made
to date - and also any future contributions - to the new provider.
There are various reasons for transferring a pension such as poor fund performance, high charges or if your existing company scheme is
being wound up.
You can see a more comprehensive list here.
You should never consider transferring your pension without taking professional advice from a qualified Independent Financial Adviser (IFA).
IFA's are regulated by the Financial Service Authority and
are required
to provide impartial advice
dependent upon
your personal financial circumstances.
Note: if the total value of your pensions is under £15,000 or you are over the age of 53 it is unlikely that the benefits of transferring your pension would be worthwhile.
Enquiries are forwarded to MD Financial Solutions Ltd an Authorised Representative Firm of Mint Financial Services Ltd.
Mint Financial Services is authorised and regulated by the Financial Services Authority (FSA Number 498916)