Pension transfer no advice basis

In message , Pete writes

Transferring from a well performing fund to a poorly performing one?

Is the transfer value the full value, or has a deduction been made to arrive at this figure?

Rob Graham

Rob,

The documentation I have from Scottish Equitable list the current value of my plan and transfer value as the same. This seems to me to strongly imply no deductions will be made.

Pete.

Thanks for your response John. I don't know enough about pensions to answer that one. The current fund is a paid up Group Personal Pension through Scottish Equitable, I left the employer within a couple of years of joining the scheme. I have opened a L&G Stakeholder pension. When I looked into this the charges were lower in the L&G stakeholder, plus of course it is more flexible, and as I do not have a permanent contract of employment that appeals to me.

Pete.

In message , Pete writes

Charges are important in Pensions, but if the underlying fund is cheap, it does not necessarily mean its a good performer. Try and find out which fund you are invested in with Scottish Equitable and compare its performance with L&G Stakeholder Funds.

I agree.

Rob