C
ceotoole
Guest
Hi all,
I've been in a company pension scheme for the last 2 years. Recently I left the company to move to a sister company who's pension scheme is managed by the same pension company.
I've been told that I can be transferred to the new scheme for a 'reduced' fee, they've yet to give me an exact figure for this.
Questions:
1. Is it typical to have a transfer fee between company pension schemes?
2. What would be a typical charge for this?
3. Is a pension scheme available that avoids these charges? I work in an industry where people can change employers regularly and I don't want to be hit by transfer fees every time I join a new company.
Any advice would be much appreciated.
I've been in a company pension scheme for the last 2 years. Recently I left the company to move to a sister company who's pension scheme is managed by the same pension company.
I've been told that I can be transferred to the new scheme for a 'reduced' fee, they've yet to give me an exact figure for this.
Questions:
1. Is it typical to have a transfer fee between company pension schemes?
2. What would be a typical charge for this?
3. Is a pension scheme available that avoids these charges? I work in an industry where people can change employers regularly and I don't want to be hit by transfer fees every time I join a new company.
Any advice would be much appreciated.