The information Fundrider provides helps you to choose the funds you want to ‘switch’ your money into. To action a switch with your product provider is becoming increasingly easy. Many companies such as Skandia and Scottish Equitable provide an online switching service.
If you prefer to fax or mail your product provider with an instruction to Switch, Fundrider provides subscribers with easy to print paperwork with the switching details you need. Simply complete the form and send it to your product provider.
The rules that apply to switching on some products are worth looking into. Some older Life Assurance and “with profit” pensions do not allow switching. This is rare however, so please check your documents or ask your financial advisor.
Similarly the structure of ISA’s, PEPs, OEIC’s, Offshore Investment Bonds, Endowment Policies, and Unit Trusts do vary from company to company. Always check the structure of your product before considering a switching strategy.
