Three things to compare before you transfer
Read about how you should consider a pension provider's charges, investment performance and service before transferring your pension savings.
1. Charges
Every pension company charges you for looking after your money. This is usually called an annual management charge (AMC).
Even a small difference between these percentages could mean you’ll be thousands of pounds better or worse off in retirement, which can impact the lifestyle you want to lead.
2. Investment performance
Pensions are invested, so the value of your pension can go up and down.
It’s hard to predict the future, but comparing how each provider’s investments have grown over time is a smart move.
3. Service and satisfaction
Charges and performance will have the biggest impact on your pension at retirement. But it’s important you get the right support when you need it, from a real person over the phone for example.
How confident are you that your provider is easy to contact when you need them?
Other important factors
Your existing policy may contain additional features to look out for.
