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.
Visit the Benefits of being a member page to learn more.
REMEMBER: it’s vital that you ensure you receive the correct advice before making any significant financial decisions. To safeguard you our Scheme Administrator may delay or refuse to pay a transfer value out of the Scheme if your transfer request raises any concerns that it could be a scam or you cannot prove you have been advised to transfer by an Independent Financial Adviser authorised by the Financial Conduct Authority to advise people on their defined benefit pensions, where required.
The Government’s MoneyHelper website can help you find an authorised adviser. This is the best place to ensure you find an impartial adviser right for you.
Even if a financial adviser has been recommended to you by a colleague or friend, please take the time to check that they are qualified and authorised to advise you by checking the Financial Services register.