Transfer RMDCP

[GlassDoor]

Hi

I want to transfer me old pension that closed last year into my nutmeg account.
Are there any charges or negative benefits if I transfer this money out.

It’s the previous rm pension with Scottish widows that I paid into from 2018

Thanks

[RobertT]

There shouldn't be any charges to transfer your money over, but you'll obviously have to consider the different management fees and the potential for investment growth.

I don't know much about Nutmeg, but taking a quick look at their website it looks like they offer a very passive and smaller investment choice as well as levying higher management charges, compared to the RMDCP.

[GlassDoor]

There shouldn't be any charges to transfer your money over, but you'll obviously have to consider the different management fees and the potential for investment growth.

I don't know much about Nutmeg, but taking a quick look at their website it looks like they offer a very passive and smaller investment choice as well as levying higher management charges, compared to the RMDCP.

Thank you. I have a small private pension with nutmeg, was looking to consolidate that and the old Royal Mail one together.

I know the nutmeg fees are on the higher side, not aware of what the fees are with Scottish widows for the rmdcp which is t being paid into anymore but just what’s currently in there being invested.