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Where Taxpayers and Advisers Meet

Defined Contribution Pension Plan, any pension experts here? - Company Changes

AnyOldRags
Posts:5
Joined:Mon Sep 01, 2014 3:20 pm
Defined Contribution Pension Plan, any pension experts here? - Company Changes

Postby AnyOldRags » Fri Sep 01, 2023 10:58 pm

Hi sorry not really a tax question but hoping a pension expert might drop in.

I have been in my employeers DC pension scheme for 15+ years and prior to that in the employeers DB Scheme before it was frozen.

In the DC I have monies in a well established fund and was planning to leave it in situ until I transferred out at retirement and then drawdown as needed.

The company have decided to give me a few weeks notice to select a new fund and intend to withdraw all my money from the existing fund and invest this in the new fund.

The challenge I find with this is that the new funds are 'new' funds with no track record or history, this feels like a risk I do not want to take.

Is there any pension regulation that means they cannot do this if I object?

Appreciate any advice you can offer

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