Can I transfer my current pensions pots to Vanguard in 4 different goes?

2 Mar, 2022

Question by Terry

I have a pension with another company which was set up for me. The money is in different account numbers with different amounts. Can I transfer them to vanguard in 4 different goes?

Answered by Tim Brienza

Hi Terry,

Vanguard should be able to assist with this so long as you have the policy numbers you wish to transfer.

Are the different account numbers all separate pensions? In which case it would likely need to be four separate requests. If they are separate holdings/funds within one pension then it's likely you'll only need one policy number and therefore one transfer request.

However, depending on the type of pension that your other company opted you into, it may come with some benefits and guarantees that you would be giving up by transferring.

You might want to engage with a Financial Planner to not only analyse your existing company pension, but also to assess Vanguard with the view to reviewing it's suitability for you as your pension provider going forward.

Hope this helps!

Tim

Answered by

Tim Brienza

Chartered Financial Planner

I started my career wanting to be a lawyer however I soon pivoted into personal finance after university. The eye for detail that I honed while studying law lends itself well to financial planning and now, 7 years later, I am a Chartered Financial Planner and a Fellow of the Personal Finance Society - the highest accreditation possible through the CII.

I love working with my clients, building stronger relationships and gaining a better understanding of their needs year-on-year. I don’t have a 'typical' client and enjoy working with everyone and anyone; from those who want to place their full trust in me and my recommendations, to someone who wants to engage and collaborate to find solutions. Financial Planning is completely subjective and should be treated as such – there is no 'one size fits all.' Ultimately my role is simply to ensure that my clients and their families have the best life possible, within their means and capabilities, by structuring their finances and/or estate in the most efficient way possible.

Outside of work, I’m married to a Film Production Manager and we love to travel to new places when we get the chance. We also recently added a new addition to the family, a small cockapoo named Ted, who keeps us very busy!

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