From: Thom 
Newsgroups: uk.finance
Subject: Re: Consolidation of pension schemes
Date: Wed, 28 Jul 2004 11:41:49 +0100

Robin Graham wrote:
> 
> A lot depends on who the with-profits pension is with. For many providers
> you can expect years of nil bonuses. You might consider this as part of your
> deliberations as to whether to swap. What pension would you get at 60 with
> the present fund (assuming no added bonuses) - you'll need annuity rates for
> a 60 year old from Teletext - compared to a possible pension from your
> employer instead.

Also, consider the health of the final salary scheme. Public sector
final salary schemes (e.g., local government, teachers) are probably
about as safe as any scheme can get while other final salary schemes
depend on the health of the company. I'd also consider it a good sign if
the directors of the company are in the same scheme as the employees.

Thom