Pension Transfer - Good News Story
Posted: August 4th, 2023, 2:23 pm
Hello All,
It took only 3 weeks to transfer my pension!!
I thought you all might like to here a good news story about my latest Pension Transfer. I think this is my 5th pension transfer to date and hopefully the last.
It was a DC Mastertrust scheme that I transferred from L&G into my SIPP. It took 3 weeks in total and that was without using the Origo fast payment system.
This is in contrast to one of my transfers taking over 6 months (for no apparent reason).
So far I have transferred the following: DC private pension (partial transfer), serps pension pot, AVC part of my DB pension, DC company pension and Mastertrust DC pension.
All a little bit different with their different problems. The fastest was the Mastertrust into my SIPP. The next fastest was the AVC, and the worst was the DC company scheme that took over 6 months. They used an administrator that didn't seem to have any interest or care (or staff).
I hope that anyone also doing this has the same luck as me with my last transfer.
Regards, D.L.
It took only 3 weeks to transfer my pension!!
I thought you all might like to here a good news story about my latest Pension Transfer. I think this is my 5th pension transfer to date and hopefully the last.
It was a DC Mastertrust scheme that I transferred from L&G into my SIPP. It took 3 weeks in total and that was without using the Origo fast payment system.
This is in contrast to one of my transfers taking over 6 months (for no apparent reason).
So far I have transferred the following: DC private pension (partial transfer), serps pension pot, AVC part of my DB pension, DC company pension and Mastertrust DC pension.
All a little bit different with their different problems. The fastest was the Mastertrust into my SIPP. The next fastest was the AVC, and the worst was the DC company scheme that took over 6 months. They used an administrator that didn't seem to have any interest or care (or staff).
I hope that anyone also doing this has the same luck as me with my last transfer.
Regards, D.L.