Originally Posted by
T1ckT0ck
I have sorted my pension out into HL sipp thanks to this forum and they are doing pretty well.
Now the wifes...
Does anyone have any advice on what to look for in an older Sun Life (now Aviva) with profits fund when determining whether to move it.
Wifes policy. It’s a dormant policy from ‘97. no contributions being made. Value around 35k. Five years from 55. 1% fee. Not sure on fund fees (can’t login).
Her last statement shows fund value of 35k buts goes on to states a transfer value of 44k with the paragraph ...
...“” this is how much the plan would have been worth if you had moved it to another provider, it’s different from the fund value because it includes an exit charge £468 and a final bonus of £8857.””..
Does this mean they are encouraging her to transfer it by showing any bonus applied to date? Seems odd wording, didn’t think a transfer value would be more than fund value.
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