Financial advice

[Sam Miguel 10]

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.

[Andy 10]

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.

[alchresearch 215]

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.