Can I transfer my current pensions pots to Vanguard in 4 different goes?
02 March 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
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!
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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.