Think carefully before transferring your benefits out of the Scheme
Choosing to transfer your benefits out of the Scheme is a decision not to be taken lightly. Whilst it may be the right decision for some, for many this will not be the case.
We’ve recently published a guide to help you better understand the benefits of being a member, many of which you may lose if you choose to transfer out.
You can view or download this guide from the Library.
REMEMBER: To safeguard you, in certain circumstances, our Scheme Administrator may delay or refuse to pay a transfer value out of the Scheme if you cannot prove you have been advised to transfer by an Independent Financial Adviser, authorised by the Financial Conduct Authority, to advise people on transferring their pensions.
The Government’s MoneyHelper site can help you find an authorised adviser. This is the best place to ensure you find an impartial adviser right for you.