Hi experts, does anyone know when the pension dept will be open for business and taking new customers without a pension to transfer in?
Thank you.
We’re all just customers here. I believe that when the pension product was launched, the ability to make contributions rather than just transfer in was in the roadmap. No timescales were stated.
Personally there’s no way I’d contribute to or transfer into a pension product which required me to keep a current account with the organisation in question. The problem with Monzo products is they’re all dependent on the current account.
Won’t even consider it till I can make contributions to it
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I dont even have the option to transfer in a pension yet never mind pay into it
That was the only option when they started it. So you can’t do anything with it at the moment?
I don’t think you will see anything now until the switch to the new pension provider completes in September.
I currently have a Monzo pension which I transferred one pension into. I can see the option to transfer another pension but get this message when clicking it.
Hopefully it will be all sorted before February. My daughter turns 18 then and would probably want to transfer in her pension when it becomes hers to manage
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Thanks, who is the current provider and what kind of funds are on offer?
Black rock does their investments I think.
Explains down the page.