• Did you leave a previous employment where you had a pension entitlement?
• Do you know how much it is worth or what it is invested in?
• Do you know how much is deducted in charges?
• Do you know who has responsibility for the stewardship of your pension?
• Can you make fund switches with ease and speed if you need to?

If you have a defined contribution pension entitlement from a previous employment, it usually makes sense to move it into what is known as a Personal Retirement Bond, also known as a Buy-Out Bond.

If left in your previous employers scheme any amendments you wish to make to your pension must be signed off by the Trustees. This can take considerable time. Some companies who administer company pensions impose their own rules such as restricting fund switches to certain times of the month. Some companies have a lock in period during which no fund switches can be performed. Continue reading Do you have a pension entitlement from a previous employer? →