You may be able to transfer your pension benefits to another pension scheme.

From 30 November 2021, a change in law means that new conditions must be met before members have a statutory right to transfer. We may need to request additional information from you to establish whether these conditions are met, and you may be required to take guidance from MoneyHelper. Please be aware that this may cause some delays to the transfer process.

The Pensions Schemes Act 1993 state that a member is entitled to a Cash Equivalent Transfer Value (CETV) for the purposes of transferring benefits, provided that the Scheme member elects to transfer at least 12 months before their normal pension age (NPA).

You can only request one CETV per pension account in a 12-month period which is guaranteed for three months or until 12 months before your Normal Pension Age if sooner.   

There are serious risks in transferring your pension benefits so please read the information on pension scams and watch the videos before deciding on a transfer.