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How to transfer a pension

If you've built up a number of pension pots and you'd like to make them easier to manage, our pension transfer service could help you.

Applying to transfer a pension into a Fidelity SIPP is straightforward.

1Identify the correct route to start (see 'Start your transfer')

2Decide where you want your money invested (we have a range of guidance tools and services to help you make your decision)

3Apply securely online or download and complete the paper application form


How long will it take?

Transfers normally take between 8-10 weeks to complete. Please be aware that the new pension freedom rules came into effect from the 6th April, as a result there have been an increase in the number of transfer applications submitted which could mean transfers will take longer than normal to complete.

It’s important to understand that transfers are a complex area and may not be suitable for everyone. Before going ahead with a pension transfer we strongly recommend that you undertake a full comparison of the charges, features and services offered. To find out what else you should consider before transferring, please view the transfer factsheet. If you are in any doubt whether a transfer is right for you, you can call our specialists at Fidelity's Retirement Service for free on 0800 084 5045. Please note, if you do decide to take advice from Fidelity's Retirement Service there may be a charge. Alternatively you can speak to your own adviser.

Can I track my transfer?

Yes. Just log in and click on ‘Your orders’ located in the top right-hand corner of the page. The list of orders will show the status of each transfer request. For example, you can see if we’re waiting for the company you’re leaving to send us information or a payment. The first update will appear a day or two after you submit your transfer request.

Will I be charged?

We will not charge you for transferring your pensions to us. If your existing provider charges you for transferring, we'll contribute towards this. Terms & Exclusions apply

There are some costs involved with SIPP management which you need to consider. You can find out more on the discounts and charges page.

Can I do it online?

Yes, you can. If you are planning to choose new investment funds from our fund supermarket for your SIPP, we can help you with this choice with a range of options to help you find funds that may be suitable for you.

What if I already have a Fidelity SIPP?

You can transfer other pensions to your existing Fidelity SIPP online if you set it up after 18 February 2013.

If you opened your pension with Fidelity before the 18th February 2013 you will hold the Fidelity Personal Pension. If you would like to transfer other existing pensions into it please download and complete a transfer form.

What happens if I wish to keep my existing investment funds?

You can keep your existing fund choices when you transfer in your plan (known as re-registration). The minimum transfer is £50,000 from one or more pension accounts.

In all cases, we’ll notify you as soon as we receive your application and let you know how long we expect the process to take.

Ready to transfer?


Why transfer

  • Control, monitor, and manage your pension savings in one place
  • Dedicated UK-based support
  • Use our expertise to guide your investment choices
  • Named the cheapest provider for SIPPs by Money Observer

Important information: Please remember, the value of investments can go down as well as up so you may not get what you invest. You cannot normally access money invested in a SIPP until the age of 55. The eligibility to invest in a pension depends on individual circumstances and all tax rules may change in the future. Please be aware that if you transfer share classes that are not supported by Fidelity, they will be sold and the proceeds will be reinvested in supported share classes, which means you will be out of the market for a short period and may have to pay additional costs as a result. If you transfer investments that are not supported by Fidelity, then they will be sold and moved to us as cash. Fidelity Personal Investing only gives information about products and services and does not provide investment advice based on individual circumstances. Therefore, if you are in any doubt about whether or not consolidation is suitable for your circumstances, we strongly suggest that you seek advice from an authorised financial adviser.