A pension transfer is the process of moving a pension from one fund to another. There are a variety of reasons as to why you may wish to transfer your pension. The obvious ones are to improve performance and reduce charges.
We’ve been providing expert pension advice to UK consumers for over 20 years on how pension transfers work, what the main rules are and what you need to think about if you’re considering transferring from one pension to another.
Our aim is not to sell you a pension, but provide you with great pension transfer planning – which in some cases might lead to setting up a new pension, and sometimes not.
What is important is that whatever arrangements you have, are a good fit for your circumstances.
Transferring a pension is a unique process tailored to the needs of each individual client. However, it’s worth knowing that a pension transfer will not work for everyone..