A pension switch, or pension transfer, is normally made to improve fund performance and achieve lower charges, to consolidate several pension pots, or to move money from a scheme held with an old employer.
Increasing numbers have been transferring because they have seen their funds depleted during difficult economic times and want to take more control over their money. Many are disillusioned with the financial advice that has put them in that position and are therefore looking for fresh financial advice.
Pensionfinder.org.uk have partnered with advisory firms who can do you a pension review. They will look at your existing plans, including the charges and investment performance, and then will analyse whether a transfer would be prudent.