The comapny I worked with went into liquidation and consequently I was made redundant.
I was paying into a defined contribution scheme and have recieved correspondence from the provider outlining a number of options as follows:
1. A deferred pension payable from age 65
2. A transfer to Personal Retirement Bond
3. A transfer to a PRSA
4. Transder to a similar approved scheme with a new employer
As I am still unemployed Optiont No. 4 option is not really an option for now.
As I know nothing about the above can anyone tell me the best option to take and also is there an option of maybe transfering the entire value to another provider with possibly lower charges.
I was paying into a defined contribution scheme and have recieved correspondence from the provider outlining a number of options as follows:
1. A deferred pension payable from age 65
2. A transfer to Personal Retirement Bond
3. A transfer to a PRSA
4. Transder to a similar approved scheme with a new employer
As I am still unemployed Optiont No. 4 option is not really an option for now.
As I know nothing about the above can anyone tell me the best option to take and also is there an option of maybe transfering the entire value to another provider with possibly lower charges.