I need financial advice re a private pension I took out through my previous employers when I started there. I worked there for thirteen years before becoming redundant in March.

I have since acquired alternative employment and have joined my new employer's pension scheme. The point is: do I keep my old pension frozen, or transfer the value into my new pension scheme?

I have been told to seek financial advice, but don't know where to start. Can anyone recommend anyone to me or give me an idea of fees?

Help greatly appreciated.

Thanks.

Originally posted by Sam Miguel
I have been told to seek financial advice, but don't know where to start. Can anyone recommend anyone to me or give me an idea of fees?


Hi Sam,

Unfortunatly I am unable to recommend a particular firm of advisors. However this website:
http://www.unbiased.co.uk/ will help you to find an independent financial advisor. They will charge a fee (they have an hourly rate), which you will agree prior to recieving advice.

Sorry I couldn't be more help.

If you request the transfer, you should get sent an unbiased guide from the Department of Pensions explaining everything.

I had a three year old private company pension and was planning to transfer it to a local government one but decided against it.

The point is, I was given lots of information, clearly showing the advantages and disadvantages, all for free.