Transfer

[koolishy67]

Do we allow to transfer our pension from Scottish widows to Interactive Investor? Thanks

[RobertT]

Assuming you're moving it to a SIPP, then yes.

It's a straight DC to DC transfer, so there shouldn't be any problems.

https://www.moneyhelper.org.uk/en/pensi ... on-pension

[posted]

Do we allow to transfer our pension from Scottish widows to Interactive Investor? Thanks

I did consider this, as their fixed monthly fees are considerably less, however when I factored in other fees such as the initial dealing charge then it didn’t seem as decent a deal

[koolishy67]

Do we allow to transfer our pension from Scottish widows to Interactive Investor? Thanks

I did consider this, as their fixed monthly fees are considerably less, however when I factored in other fees such as the initial dealing charge then it didn’t seem as decent a deal

It's not about just charges plenty of investment options available at ii

[posted]

Do we allow to transfer our pension from Scottish widows to Interactive Investor? Thanks

I did consider this, as their fixed monthly fees are considerably less, however when I factored in other fees such as the initial dealing charge then it didn’t seem as decent a deal

It's not about just charges plenty of investment options available at ii

absolutely, but because the fund I have with SW isn't the same one that II offer... i couldn't do a direct transfer of fund units.
It had to be sold and transferred as cash.

then when you're investing, in some funds, they have an entry/dealing charge