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Divorce/separation

Here you'll find divorce help and support from other Mners. For legal advice, you may find Advice Now guides useful.

Pension transfer... How to choose new pension?

3 replies

thecatswhiskrs · 19/02/2024 16:50

My STBexDH is going to be transferring some of his pension to me as part of our divorce settlement. I need to open up a new pension scheme to receive this. I've just looked online hoping it might be straightforward to choose a pension but it looks nightmare-ish and I don't even know where to begin! I think I need an independent financial advisor but know that these can fleece you through taking a good chunk of money off whatever you are transferring... (or so I've heard).

Does anyone have any advice on
a) how to choose a pension by oneself (how do I even find out what's available?!)
or
b) where to find a decent financial advisor who won't rob me!!!

We seem to have managed everything else with minimal expenditure so it would be good to sort this too without being fleeced :)

Thank you!

OP posts:
alonglongshot · 19/02/2024 18:41

I'd ask your solicitor for a recommendation re IFA.

Is it possible to leave the money in the same place as your ex, on a similar plan to your ex?

thecatswhiskrs · 20/02/2024 09:21

alonglongshot · 19/02/2024 18:41

I'd ask your solicitor for a recommendation re IFA.

Is it possible to leave the money in the same place as your ex, on a similar plan to your ex?

Thank you - it's funny but I hadn't even thought of asking my husband's pension company. That might be a neat and easy way to deal with it....!

OP posts:
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