If you are an active member, the Plan can accept transfers from most tax-registered UK pension schemes. This can be done at any time up your target retirement date, as long as the Trustee consents to the transfer.
Please be aware that we would not normally recommend you transferring a benefit from a final salary or defined benefit (DB) scheme which is guaranteed to be paid to you at retirement age, or a money purchase scheme with a guaranteed rate of return.
In order to investigate a transfer into our plan we will require you to obtain a ‘Transfer Out Quotation’ from the current scheme administrator and forward this on to us for review. This will need to contain a transfer value, scheme information and any discharge forms that the scheme require completing.
Please note, there will be sections of the transfer pack that require your attention so we recommend you thoroughly read this prior to forwarding it to us. We cannot guarantee that we can accept the transfer until we have identified the type of benefit you currently hold with the scheme.
As we do not use the services of Origo the transfer cannot be completed electronically and all paperwork required by the current scheme will need to be completed.
Please be aware that if you leave service during the Transfer In Process, we will be unable to complete the transfer.
