Pension transfers

There are many reasons why you may wish to transfer your current pension scheme whether it be change of employment, poor performance, issues over the security of the pension scheme, divorce, or a need to improve flexibility.

There are many issues to consider before transferring from one scheme to another and we recommend that you seek professional advice in what can be a highly complex area:

Our Pension Transfer Service* provides:

• Impartial quotes & advice on your pension options.
• Assessment of your circumstances to find the most suitable type of pension for you.
• Transfer analysis comparing existing scheme benefits with the new scheme.
• Specialist advice on different types of pension and annuity arrangements.
• Helping you with the relevant paperwork to ensure that your pension transfer is processed smoothly.

Pension transfer needs to be an informed process as there may be costs associated with moving to a new provider. Some old style pension contracts will penalize you if you move your fund so it is important that the pros and cons are weighed up carefully.