Is it possible your former employer is covering the costs for all scheme members?It look some time to find the administrator. He told me 'as far as I am aware there is no maintenance cost of keeping your pension'. I have asked him to send a formal email with AMC if any.
I am bit surprised (positively if true) by the answer. Is it possible to have passive pension funds without any charges?
Thanks.
It's 'paid up' policy and AMC is 0.5%. I think it's good deal from cost perspective but still not sure if Passive IRIS 2034 is right fund. I am 20 years away from retirement so happy to transfer it to somewhere else if there are better options.
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