Scottish Equitable Pension Review

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templd's Review of Scottish Equitable Pension

25th Sep 2006

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I strongly advise anyone looking to invest in a company to look elsewhere from Scottish Equitable Pension. Not only have they failed to make money on my investment but they are also charging 8 per cent to have it transfered elsewhere! Daylight robbery and adding insult to injury.
I'd recommend checking out the Motley Fool site, companies like Gartmore and M&G or also the Which? online site. They are extremely helpful and would have warned me about these lot.
I'm now looking at investing in a buy-to-let to provide a pension, with the benefit that if you pass away the property you can still pass to you loved ones.
There are little tax benefits to pensions anymore, unless you are in a stake holder, you pay the tax once you come to take your pension, you might as well have an ISA, which you pay tax on at the start but can take tax fee at the end.

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