(IC, Fri 28 May, 2021, 14 pages incl adverts)
https://www.investorschronicle.co.uk/news/2021/05/27/supersize-your-sipp/
via Google: https://www.google.co.uk/search?q=Supersize+your+Sipp
Interesting to read the section on transfering DC schemes (https://www.investorschronicle.co.uk/managing-your-money/2021/05/27/should-i-transfer-a-workplace-dc-pension-into-a-sipp/). Having taken advice, I am starting the process of moving a DC scheme into a SIPP and consolidating several money-purchase schemes into one pot. The DC article makes no mention of the hellish hoops to jump through to move a DC scheme:
- the DC scheme admininistrators are less than exemplary (I hope others are better): slow, endless questions, slow to respond, seemingly trying every trick in the book to frustrate the process
- the necessary advice from an IFA is tricky: increasingly rare to find an IFA that will do this type of work, and it doesn't come cheap, seemingly due to the insurance costs in large part (discussions on these matters arise regularly on TLF)