The internet is making it easier to transfer from a personal pension but the time the process takes will still depend on the speed of the current provider's administration system
There seems to be irreconcilable pressure on insurance companies to reduce personal pension costs and at the same time increase the fund range and choice of external managers. This could be good news for the low-cost Sipp providers who stand to gain from the growing consumer dissatisfaction with traditional product structures. The full Sipp, with its access to direct equity and bond investments and commercial property is still the most flexible pension product on the market. However for investors with more modest demands and who might expect modest returns the rapidly increasing number o...
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