Is this correct information?

[rkss]

Called Pensions helpline about Avc fund allocation mainly, been told that whatever money has been invested already cannot be moved into another fund. You can allocate future payments into a different fund.
Also been told that if I continue working for RM after due date of Nra65 I can continue paying into the cash balance scheme and so will RM even after the new pension scheme kicks in???
I'm no so sure about it but she was quite clear on this. I will call them again tomorrow and see what someone else says, anyone else been told the same?

[RobertT]

A good example of a poorly trained 'advisor'.

I've previously moved past AVC payments into other funds. It's perfectly possible and is normal practice.
I think you can do it via the money4life website?

You can continue paying into the DBCBS as long as it's in operation. Once CDC kicks in, all payments into the existing schemes will stop. Unless you've been in the job less than 12 months, in which case you can continue with the RMDCP until you hit 12 months service.

[heapsy]

You can move money between funds. I actually haven't done this, but a mate who left RM in March has done so, after he left. In his case, moving everything into the Cash fund as he is no longer contributing and went for lower volatility.

[mrcurve]

yes its quite easy to move the funds via the website, split them up as well, you cannot change where your ingoing payments go via the website though, it looks like you can, but it does not work.

I suspect they need a signature

You can use this form though


https://www.royalmailpensionplan.co.uk/ ... ation_.pdf

[heapsy]

yes its quite easy to move the funds via the website, split them up as well, you cannot change where your ingoing payments go via the website though, it looks like you can, but it does not work.

I suspect they need a signature

You can use this form though


https://www.royalmailpensionplan.co.uk/ ... ation_.pdf

Actually it does work.

[rkss]

I called the pensions helpline again, was told you cannot move existing investments.
It could be the case bec when I log into SW and select cash to move it refers to me selling up and not showing options to move, I will call SW for guidance if they give any.

[RobertT]

You need to go a bit further:

1. Click on 'change where my current savings are invested'.
2. Select the fund/s you want to move and click next.
3. You should see the screen below
4. Select where you want to move your money to.

[rkss]

Yes, after I went further came to same screen as you posted. Will now decide where to invest. Thanks

[heapsy]

You need to go a bit further:

1. Click on 'change where my current savings are invested'.
2. Select the fund/s you want to move and click next.
3. You should see the screen below
4. Select where you want to move your money to.