Hi all,

I left my last employer about 1 year ago and am now a student. I have been considering whether to transfer out of my final salary pension plan I had with them as I am only 35 and the "inflation linked" increases are capped at 2.5% p.a. 30 years of real deflation makes what otherwise was a decent scheme far less attractive (the increases were capped at 5% until recently). I have roughly 7 years contributions linked to a final salary that I am unlikely to achieve again for about 10 years unless inflation does go wild and salary increses follow suit.

My decision has now been made though as they are offering me a 5% bonus to do this and all indications are that they are trying to wind up the scheme. I also think the future of the company is very shaky - semiconductor manufacturing is in decline in the UK. I am seeking advice on what personal pension scheme to use. My current plan would be to have a scheme where I can leave my fund mainly in cash, with possibly a very small portion invested in Japanese markets, with a view to transferring the cash into FTSE100 linked fund when the market appears more stable.

Any advice would be welcome, but what I really need is a recommendation for a good independent financial planner in the Glasgow area who has expertise in the pensions market.

Thanks in advance.