Many people consider transferring their pension funds, from consolidating their old workplace pensions to moving out of a final salary scheme into a personal pension. If you have considered transferring your pension pot to another scheme or provider, here are six reasons why it could be beneficial.
1. Looking for better performance
Some people opt to move their pension because they are in an under performing scheme delivering poor – or non-existent – growth. If your private pension is performing poorly, you may well want to move your pension funds elsewhere.