We can’t usually accept transfers from a defined benefit scheme (sometimes known as ‘final salary’) unless you get financial advice first. That’s because, if you transfer this type of pension, you’ll lose the promise of a retirement income based on your salary – and that’s usually worth holding on to.
Transfer your pensions
Great reasons for transferring your pensions
There’s a chance you're paying too much in charges on your old pensions. So transferring to Zurich could mean lower fees - and more money when you retire. According to a 2014 report, average pension scheme charges over the ten years studied decreased by 30%.*
One stop shop
One website, one statement, one pension to keep an eye on. It’s that spring-clean feeling: all your pensions in one place, to view where and when you want.
- Plan your retirement more easily
With all your pensions in one place, it can be easier to choose the right retirement option when the time comes.
*Source: Spence Johnson Pension Trends - Defined Contribution Market Intelligence 2014
You’re in control, transfer your pensions your way
There’s more than one way to transfer your pension. You decide what’s right for you.
Use the Government Tracing Service to find contact details for:
- your own workplace or personal pension scheme
- someone else’s scheme if you have their permission.
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