From 1st October 2008 Protected Rights can be included in Self Invested Personal Pensions (SIPPs). The new rules offer greater flexibility for anyone who wishes to take an active interest in the management of their pension fund(s). Bestinvest welcomes these changes since the current regulations unnecessarily restrict investment choice. By transferring your contracted-out pension to a SIPP you could benefit from:

• Wider investment choice – You can choose from over 1,000 funds, or hold cash with a tax-free interest rate.
• Consolidation – Bring all your pension pots under one wrapper to help reduce administration and allow you to better assess performance and plan for your retirement.
• Low costs – With no transaction costs, initial charges or switching costs, it has never been easier to manage your investments.
• Advice – Take advantage of our unique advisory service, or alternatively ask Bestinvest to manage your pension for you.