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Jamie-Law
Jamie-Law, Solicitor
Category: Law
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Experience:  Solicitor
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I have £2.1k that I will apparently lose to Santander if I

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I have £2.1k that I will apparently lose to Santander if I don't place it into another scheme having left theirs 31/12/14. How do I avoid losing this money? Is it easy to set up a new scheme to keep the money. Thanks. Chris.

Hello my name is ***** ***** I will help you with this.

What is it you want to achieve please?

Customer: replied 1 year ago.
I had a pension with Santander. I have been offered £9 ex-gratia, as that was my contribution. If I want to keep £2.1k, only way of keeping it is to transfer to another scheme. Am not working at the moment and want to avoid losing £2100 which Santander will take of me if I do not instruct them to place it in another scheme. How do I set up other scheme if I am not too late?
Customer: replied 1 year ago.
I have paid you £47 and had no advice yet other than to pay another 44

You can transfer it to any other scheme if you want.
www.standardlife.co.uk for example allow transfer of pension plans.

So you just apply online.

Can I clarify anything for you about this today please?

Customer: replied 1 year ago.
Thanks for that. So I can open up a new scheme even though I am not working? Wonder how long that would take?

Correct. It should be quick

Does that clarify?

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