What issues do people have that have transferred their pension?

The biggest complaints are high fees and fund performance.

The principle of transferring your pension can still be good advice. What happens after you transfer your pension is just as important as the decision you make when you transfer your pension in the first place.

Even if you transfer your pension for the all the right reasons you can still face issues if the pension is not managed properly. This from experience is a common problem I come across and everyone has a story about a friend who lost this or that to bad advice.

Sadly many clients I come across have lost large chunks of their pension due to bad advice and poor investment decisions given to them by their trusted advisor.

Normally investments that were not suited to their risk profile or had higher hidden costs than they were aware of. Some have been caught up in scams and their funds are frozen, in liquidation or gated. None are good situations to be in!

HMRC has introduced many compliance procedures to protect transfers to try and protect people from making mistakes. Sadly for some these changes were too late.

Also advisors sometimes retire, change jobs or simply loose touch with their clients. If you have questions about a pension that has all ready been transferred please feel free to email me. matthew@regency-wealth.com.

I have helped many people like this, one simple email to enquire and we offer a free no obligation review of any investments you may hold.