How Does A Pension Transfer Work Through A Financial Adviser

How does a pension transfer work through a financial adviser? – Pensionfinder








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    How does a pension transfer work through a financial adviser?

    A pension transfer involves switching the investment funds from one place to another. This is done for a number of reasons, but most commonly to achieve better fund performance and/or lower charges.

    The first step in a pension switch is to assess whether it is worthwhile. A financial adviser can help in this process by contacting your current provider and getting forecast growth rates and previous performance history. Should there be no impediment to a transfer the financial adviser will arrange your funds with you and deal with the paperwork. The process should be straight forward and simple with guidance along the way. Bare in mind that it can take several weeks to get information from your current pension provider as their administrative mechanisms are understandably not geared towards making the transfer process fast and efficient.