Options available if you transfer out

Options available if you transfer out

You may be able to access different options in relation to your benefits if you convert your ‘safeguarded’ benefits to ‘flexible’ benefits by transferring them out of the Plan to a defined contribution (‘DC’) arrangement.

Transferring out to a DC arrangement may, depending on the terms of the receiving scheme, give you the opportunity to choose to receive your benefits in a different way to the Plan.

You can find out more about some of the options available to you if you were to transfer your pension out of the Plan by clicking here to watch a short video from Origen Financial Services.

The specific options and terms of those options available to you from any such scheme will vary and depend on the terms of the receiving scheme. However, we have provided a high level summary of the potential key options below, which may be available.