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Rank: Elder Joined: 2/8/2013 Posts: 4,068 Location: At Large.
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I need some help on this subject. I am on my 4th employer and in each employment I left behind half my pension contribution as per the law. I have been approached by a Britam employee who has advised me yo consolidate the 3 and invest as 1 in Britam pension scheme. Experts what can you advise?Is it a wise move? How is Britam compared to AON Minet,APA,Alexander Forbes,Enwealth etc. Love is beautiful and so are those who share it.With Love, Marriage is an amazing event in ones life time, the foundation of joy, happiness and success.
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Rank: Elder Joined: 2/16/2007 Posts: 2,114
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So you have an IPP(Individual Pension Plan),i,e your current employer does not have a pension scheme? Bigchick wrote:I need some help on this subject.
I am on my 4th employer and in each employment I left behind half my pension contribution as per the law.
I have been approached by a Britam employee who has advised me yo consolidate the 3 and invest as 1 in Britam pension scheme.
Experts what can you advise?Is it a wise move?
How is Britam compared to AON Minet,APA,Alexander Forbes,Enwealth etc.
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Rank: Elder Joined: 2/8/2013 Posts: 4,068 Location: At Large.
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Chaka wrote:So you have an IPP(Individual Pension Plan),i,e your current employer does not have a pension scheme? Bigchick wrote:I need some help on this subject.
I am on my 4th employer and in each employment I left behind half my pension contribution as per the law.
I have been approached by a Britam employee who has advised me yo consolidate the 3 and invest as 1 in Britam pension scheme.
Experts what can you advise?Is it a wise move?
How is Britam compared to AON Minet,APA,Alexander Forbes,Enwealth etc. They do but I dont want to bring my previous ones where I am at the moment. Love is beautiful and so are those who share it.With Love, Marriage is an amazing event in ones life time, the foundation of joy, happiness and success.
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Rank: Elder Joined: 10/3/2008 Posts: 4,058 Location: Gwitu
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Bigchick wrote:I need some help on this subject.
I am on my 4th employer and in each employment I left behind half my pension contribution as per the law.
I have been approached by a Britam employee who has advised me yo consolidate the 3 and invest as 1 in Britam pension scheme.
Experts what can you advise?Is it a wise move?
How is Britam compared to AON Minet,APA,Alexander Forbes,Enwealth etc. I don't know which of the insurer is the best but consolidating is a very good idea. Truth forever on the scaffold
Wrong forever on the throne
(James Russell Rowell)
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Rank: Elder Joined: 12/4/2009 Posts: 10,809 Location: NAIROBI
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kaka2za wrote:Bigchick wrote:I need some help on this subject.
I am on my 4th employer and in each employment I left behind half my pension contribution as per the law.
I have been approached by a Britam employee who has advised me yo consolidate the 3 and invest as 1 in Britam pension scheme.
Experts what can you advise?Is it a wise move?
How is Britam compared to AON Minet,APA,Alexander Forbes,Enwealth etc. I don't know which of the insurer is the best but consolidating is a very good idea. Bigchick Try ICEALION,CIC,Jubilee and SANLAM. Those are also good and give good returns Wealth is built through a relatively simple equation
Wealth=Income + Investments - Lifestyle
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Rank: Elder Joined: 2/8/2013 Posts: 4,068 Location: At Large.
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Ericsson wrote:kaka2za wrote:Bigchick wrote:I need some help on this subject.
I am on my 4th employer and in each employment I left behind half my pension contribution as per the law.
I have been approached by a Britam employee who has advised me yo consolidate the 3 and invest as 1 in Britam pension scheme.
Experts what can you advise?Is it a wise move?
How is Britam compared to AON Minet,APA,Alexander Forbes,Enwealth etc. I don't know which of the insurer is the best but consolidating is a very good idea. Bigchick Try ICEALION,CIC,Jubilee and SANLAM. Those are also good and give good returns Thanks. Please advise relative to BRITAM. I have something with SANLAM and so far I dont like what I have seen from them.Its just that am locked in till 2019 otherwise I would have left them. Love is beautiful and so are those who share it.With Love, Marriage is an amazing event in ones life time, the foundation of joy, happiness and success.
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Rank: Elder Joined: 2/16/2007 Posts: 2,114
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I suppose you belong to the scheme where you are at the moment?Who is the provider?As far as I know you cannot be a member of a scheme and also have an IPP?Ideally each time you changed jobs,you should have moved your funds to the new employer's scheme. Bigchick wrote:Chaka wrote:So you have an IPP(Individual Pension Plan),i,e your current employer does not have a pension scheme? Bigchick wrote:I need some help on this subject.
I am on my 4th employer and in each employment I left behind half my pension contribution as per the law.
I have been approached by a Britam employee who has advised me yo consolidate the 3 and invest as 1 in Britam pension scheme.
Experts what can you advise?Is it a wise move?
How is Britam compared to AON Minet,APA,Alexander Forbes,Enwealth etc. They do but I dont want to bring my previous ones where I am at the moment.
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Rank: Member Joined: 1/3/2014 Posts: 257
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Chaka wrote:I suppose you belong to the scheme where you are at the moment?Who is the provider?As far as I know you cannot be a member of a scheme and also have an IPP?Ideally each time you changed jobs,you should have moved your funds to the new employer's scheme. Bigchick wrote:Chaka wrote:So you have an IPP(Individual Pension Plan),i,e your current employer does not have a pension scheme? Bigchick wrote:I need some help on this subject.
I am on my 4th employer and in each employment I left behind half my pension contribution as per the law.
I have been approached by a Britam employee who has advised me yo consolidate the 3 and invest as 1 in Britam pension scheme.
Experts what can you advise?Is it a wise move?
How is Britam compared to AON Minet,APA,Alexander Forbes,Enwealth etc. They do but I dont want to bring my previous ones where I am at the moment. It is in your best interest to consolidate into one scheme. If your current employer has a scheme, transfer the funds from the other three schemes into it. Seconding @chaka's advice.
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Rank: Member Joined: 1/30/2011 Posts: 207
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@BigChick It is true, Individual Pension Plan (IPP) will enable you to consolidate your pension funds - after transferring your locked -in benefits from your previous employers' pension schemes. Through IPP, you will be able to have personal oversight over your funds and control on when to access your funds pension funds within the stipulated law. I can assist you with the consolidation process though I am attached to Sanlam. I wouldn't mind a meet up in person. Perhaps I can be of assistance with the current misgivings you have with Sanlam. 
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Rank: Elder Joined: 12/4/2009 Posts: 10,809 Location: NAIROBI
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Bigchick wrote:Ericsson wrote:kaka2za wrote:Bigchick wrote:I need some help on this subject.
I am on my 4th employer and in each employment I left behind half my pension contribution as per the law.
I have been approached by a Britam employee who has advised me yo consolidate the 3 and invest as 1 in Britam pension scheme.
Experts what can you advise?Is it a wise move?
How is Britam compared to AON Minet,APA,Alexander Forbes,Enwealth etc. I don't know which of the insurer is the best but consolidating is a very good idea. Bigchick Try ICEALION,CIC,Jubilee and SANLAM. Those are also good and give good returns Thanks. Please advise relative to BRITAM. I have something with SANLAM and so far I dont like what I have seen from them.Its just that am locked in till 2019 otherwise I would have left them. Then go for ICEALION or CIC Insurance. Have the IPP on a separate insurance company from the one your employer is using Wealth is built through a relatively simple equation
Wealth=Income + Investments - Lifestyle
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