You’ll need to have taken appropriate financial advice if you’re transferring from:
- Any defined benefits scheme (for example final salary pensions)
- Any arrangement that has safeguarded rights (see below for details)
- Any arrangement that has a guarantee you could lose on transfer
If any of these applies to you, we’ll need to see evidence of the advice you’ve received confirming it’s in your best interest to transfer your current pension away.
If we identify any valuable benefits during the transfer process we’ll notify you and explain what we need from you before we can continue with your application. However, this could delay us in processing your application.
For a low-cost, fixed fee, we can give you personal advice about transferring your pension. Call us on 0800 084 5045 to discuss your needs. We’ll base our recommendation on careful analysis of the value of your transfer in relation to your personal circumstances and goals.
If you prefer, you can choose your own adviser and get them to complete and return the Third Party Advice Declaration to us, so we can process your request.
For more information about which pensions you must take advice on before you transfer, view the Pension transfer factsheet.
If you are in any doubt about the suitability of a pension transfer or investment you should speak to an authorised financial adviser.