How easy is it to transfer to another pension provider? How long did it take? Please can you recommend any pension providers?

[DistantShipSmokeOnTheHorizon]

Good morning
Please can anybody help?.

I am due to retire in January, and was given a list of options on how to receive my private pension .

Unfortunately,, the option I wanted isn’t available to me, so I need to transfer to another pension provider, then (hopefully);I can receive my pension as planned.

How easy is it to transfer to another pension provider?
How long did it take? Did you have to leave your pension in for a while before you could take out?
We were looking at AVIVA or Vanguard, but any other recommendations are welcomed.
Thank you in advance.

I transfered Arnold pension to a SIPP with AJ BELL "youinvest"

It was a very small amount if its a big amount you should get financial advice and maybe look at AJ BELL investcentre where a financial adviser can run it for you but takes a fee

The transfer was very easy for youinvest

Set up account input the current policy number and the people at aj BELL did the transfer I then choose what to invest in

But like I say if it's a large amount I wouldn't feel comfortable doing/ managing it myself

I believe you can access the amount at 55 and there is a fee for accessing the money but I think that's standard

What had you planned to do! Lump sum then monthly allowance?

An old*

Sorry also that should have been a ? Not a !

Must proofread

Thank you @SalesMum yes the lump sum and monthly allowance is the option I want to go for, and it is a large sum of money, so it’s a very scary time.
We will look into A J Bell also, thank you.

Well all the best I know I say it all the time on threads but qualified advice is really a good thing especially when lots of money and your future involved

Enjoy your retirement!

Thank you @SalesMum , we are definitely going to speak to a qualified advisor before we make any decision 🙂.
AJBell is definitely an option.
We have a lot of reading to do, I think 😂

There’s not enough information to really help you, but all I’ll say is that if you go to an advisor be very aware of their fees (1% sounds low but isn’t) and avoid St James Place!

Thank you @Medee
I’ll make a note of that.

I have a personal pension plan with Zurich which was only offering me two options:
1: to keep my money invested there for longer, but I’ve already done that by keeping it there from when I turned 55.
2: to take the 25% lump sum, then take the rest out in a single lump sum afterwards, if that makes sense. I think that would have cost us a lot in tax.