Transferring out

Transferring out

You can transfer your benefits out of the Plan. However, this option won’t be available to you once you start receiving your Plan pension.

If you are interested in getting a transfer value illustration, please get in touch with the Plan’s administrator, Trafalgar House. They will be able to send you a transfer quote, which will be guaranteed for a period of three months. Please note, in any 12-month period, one transfer quote will be provided free of charge. If you request any additional transfer quotes within a 12-month period, you may be charged.

Is the value of the pension you want to transfer more than £30,000 (excluding AVCs)?

If so, please bear in mind it’s a legal requirement for you to take impartial financial advice before transferring to a defined contribution arrangement.

As part of your retirement journey, the Trustee will cover the cost of one advice session with a firm of advisers called Origen Financial Services. To find out more, please click on ‘Financial advice’ in the left-hand menu.

Alternatively, if you would prefer to use a different adviser (at your own expense), you can find a list of financial advisers approved by the Financial Conduct Authority (FCA) at register.fca.org.uk