Reply to: How best to dea with several small pensions?

[GreenerGrass]

Consolidate them into a SIPP then waste it all speculating.

Well that's what I've been doing.

Hear hear

[DrGUID]

Consolidate them into a SIPP then waste it all speculating.

Well that's what I've been doing.

[DimPrawn]

I read the thread title as:

How best to deal with a severed small penis?


Should have gone to Specsavers.

[lukemg]

I have got a few of these smaller permie pensions, some equitable life - gulp, standard life stakeholder and now a SIPP.
I don't intend consolidating them, I will just let them run. so what if I get 8 different pension payments into my account when I retire ?
No guarantee that consolidating into a single provider (and paying the exit penalties) will turn into the best move and you could find all eggs in one basket leaves you more exposed to risk (unlikely but possible, I thought Equitable were the smart move).
Of course your IFA will be messing his boxers when he hears you say consolidation and takes the whole package to a single provider who will pay him handsomely.
Come on people, you need to start learning how the financial world works, it will be the most useful info you ever get. I would NEVER trust a 'supposedly I' FA to tell me what I needed to do with my hard-earned.

[EternalOptimist]

I've got a Standard Life pension pot... they've so far lost me roughly £20k over the last 8 years or so...

It's still £15k down on what it was in 2000.


"winkers of bunch flipping Useless " may be assembled into a famous phrase or saying...

I knew a bloke in Liverpool , self employed builder/roofer, who didnt trust these people so he kept his money in a tin under the bed, close to 10k.
One day in 1995 his house burned down and as he stood outside with the firemen he was close to having a breakdown.
He sent his missus into the wreckage and she came back with the tin and when he opened it the money was ok. Smoking a bit, but still spendable

[Xenophon]

Did anyone else think this thread was called "How best to deal with several small penises"?

Ahem.

[Churchill]

erm...no

Spoilsport!

[SallyAnne]

Tell me more about the "kinky" stuff.

Churchill - In "Trainee Counsellor" mode!

erm...no

[Churchill]

Getting too much I think - I'm becomming obsessed

Tell me more about the "kinky" stuff.

Churchill - In "Trainee Counsellor" mode!

[SallyAnne]

Not getting much these days, eh?

Getting too much I think - I'm becomming obsessed

[EternalOptimist]

Did anyone else think this thread was called "How best to deal with several small penises"?

I thought it said 'How best to deter with several small prison sentances'

[Churchill]

Did anyone else think this thread was called "How best to deal with several small penises"?

Not getting much these days, eh?

[SallyAnne]

Did anyone else think this thread was called "How best to deal with several small penises"?

[PRC1964]

Got 3 company pensions from perm jobs for around 3 years, and a couple for a year or so.

Going to get all details and take to my financial adviser, but, what sort of things should i be thinking of before i see him?

Also got a private pension with standard life, been going with fixed amount for around 7 years.

i recall when doing my fpc that best to leave company pensions alone, but, what about having a few?

I run many A1 pension funds.

It is financed on the estate of the late Chief Imgonna Takeyourmoney who left an estate of FIVE HUNDREDS millions of pesetas.

I charge no COMISSIONS

contact me soon and we can make you a peacefulls afterlife.

[Gonzo]

i recall when doing my fpc that best to leave company pensions alone, but, what about having a few?

You have the FPC but you are asking on here and then going to see a Financial Adviser.

I did not want to be one to join in the Wilmslow bashing, because that is playground level stuff and I would like to think that I am above it, but FFS

Unfortunately there are no right or wrong answers with pensions because who knows how it is all going to work in 30 or so years time, which is when I will be retiring. There is only any certainty for people retiring in the next couple of years, but it is a bit late to start the planning when you are that age.

Generally it is considered unwise to transfer out of a defined benefits scheme into a defined contributions scheme, but there is one school of thought that would argue a defined benefits scheme is only as good as the company that is providing it. (There is a new government compensation scheme to investigate though.)

I don't have the FPC so am not qualified to give financial advice, the value of your investment and the income from it can go down as well as up.

ADDENDUM Watch out for Financial Advisers that will try and churn your existing arrangements just to generate some commission for themselves.