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This can save you money on fees and could allow you more control over how your money is invested Combining your pensions together could save you money and make it easier to see how much you have saved for retirement Find out how to start your pension transfer here.

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What is a pension transfer

A pension transfer (also referred to as pension switching) involves moving the funds from one pension scheme to another

This process allows people to switch to a scheme that’s better suited to them, has lower fees, has access to different investment options or to consolidate multiple pensions. Pensions offer lots of different investment options Moving your pension to another provider could give you access to investment options that better suit your needs. Benefits and risks of transferring your pension pot or pension in payment within the uk or overseas

You can transfer your uk pension pot into another registered uk pension scheme, or an overseas option if you're moving abroad Guidance & financial advice before a transfer of your benefits can be made, we are required by the financial conduct authority and the pensions regulator to ask the following mandatory questions. How to transfer your pension if you’re thinking about moving your pension to a new provider, it's important to know how to get your transfer started. Your pension transfer options transferring your pension could be the right move for you

Details

Find out why you might want to transfer your pension and how to do it.

What are my pension transfer options if i’m in a defined benefit scheme Also known as a ‘company pension’ or ‘final salary pension’, a defined benefit scheme as a promise by an organisation to pay you a pension directly.