Get your money working harder by bringing your pensions together

Bring your pensions together

If you’re juggling several pensions that you've built up over your working life, bringing them together in a Fidelity Self-Invested Personal Pension (SIPP) could help you to take control of your retirement savings and get your money working harder.

"I had several pensions which were hard to keep track of. They all had one or more disadvantages - too expensive, too inflexible, not enough choice. Fidelity’s SIPP gave me flexibility and control. A bit of effort and you can move your pensions to where you can invest for less and have the potential for a better retirement."Fidelity customer, Kent

Before going ahead with a pension transfer, we strongly recommend that you undertake a full comparison of the benefits, charges and features offered. Please read our pension transfer factsheet. This information is not a personal recommendation for any particular product, service or course of action. If you’re in any doubt about whether a pension transfer is suitable for your circumstances we strongly suggest that you seek advice from an authorised financial adviser.

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Learn more about Fidelity SIPP

A SIPP is a flexible, tax-efficient way to save for your retirement. Learn more about the benefits of bringing your pensions together in a SIPP.

Find out more

View Cashback Offer

Earn £20 to £1,000 cashback if you apply to transfer by 7 December 2018 (exclusions and T&Cs apply). We’ll also cover up to £500 if your current provider charges exit fees (T&Cs apply).

Go to offer details

Transfer my pensions

If you’re ready to transfer your pensions, you can transfer online, download an application form or call 0800 368 1722 to request a form.

Transfer my pensions
We'll cover up to £500 if your current providers charge exit fees (terms and conditions apply)

Why a Fidelity SIPP?

A flexible self-invested personal pension with a range of benefits to help you make the most of your money.

Get your money working harder

Combining your pensions into a SIPP can make it easier to manage your savings and plan ahead more effectively - and it could be cheaper, with lower service fees than you’re currently paying.

With a SIPP you choose what to invest in and can take an income when and how you like, after age 55, thanks to the flexibility they offer. Always check your existing pensions though to make sure you don’t lose any valuable guarantees by moving to a new provider.

See how our customers have benefited

Edward is taking control by bringing his pension together

Darren is building a better future with his SIPP

Sarah is getting her pension in shape for the future

Cashback offer

You transferYou get
£10,000-£24,999 £20
£25,000-£49,999 £50
£50,000-£99,999 £100
£100,000-£149,999 £250
£150,000-£399,999 £500
£400,000-£499,999 £750
£500,000 or over £1,000

Cashback offer - terms and conditions

The maximum cashback we'll pay is £1,000 but not all customers will receive this amount. The actual cashback you'll receive is dependent on the total value of your transfer. The minimum amount you must transfer to be eligible for cashback in £10,000. If you move your assets to another provider within 18 months of completing your transfer, Fidelity reserves the right to reclaim any payments which were made to you as part of this offer.

If you transfer in cash, the provider you are transferring from will sell your investments and send the proceeds directly to us. We will hold them as cash within your account until you decide what you would like to invest in.

Assets held in an existing Fidelity pension, including the Fidelity Personal Pension provided by Standard Life, the EBS SIPP and any defined contribution pension scheme held through Fidelity are not eligible for the cashback offer. This offer is valid for qualifying applications received between 14 September 2018 and midnight on 7 December 2018.

This Cash Back Offer (the “Offer”) is available when you apply to transfer assets into the Fidelity Personal Investing SIPP between 14 September 2018 and midnight on the 7 December 2018.

1. The promoter of this offer is Financial Administration Services Limited (“Fidelity”), 130 Tonbridge Road, Hildenborough, Tonbridge, Kent TN11 9DZ.

2. Subject to section 5, the Offer is available to anyone who completes a transfer of their assets from other providers into the Fidelity Personal Investing SIPP. To transfer assets you must submit a correctly completed form online or by paper.

3. Cash back will be paid in the amounts noted in the table in section 8. If you transfer less than £10,000 you will not receive any cash back. If the transfer is from another provider and you’re immediately going to start taking money from it, then the minimum is £50,000, otherwise £10,000 applies.

4. The following types of transfer will qualify for the Offer:

a. Cash transfer – If you transfer in cash within a pension, the provider you are transferring from will sell your investments and send the proceeds directly to us. We will hold them as cash within your account until you decide what you would like to invest in.

b. Re-registration – this involves a change to the fund or share register to show that Fidelity has taken over the administration of your investment/s. We can re-register your investments if the same investments are available through our Investment Platform, and they are able to be re-registered*. We may not offer the exact same ‘share class’ of the fund you are invested in. In these cases, we will re-register your investment and then switch your holding into the share class that we offer. This switch can take up to two business days, and your money will not be invested during this time. If you hold an investment that is not available through our Investment Platform or is otherwise unable to be re-registered* it will only be able to be moved to us as a cash transfer (see above). Please note that the minimum SIPP re-registration value is £10,000.

* Re-registration is not available for all products available on the Fidelity Investment Platform, for example, some offshore funds are unable to be re-registered

5. This Offer excludes:

a. transfers of assets held in a product/account provided or administered by any company within Fidelity’s group of companies including, without limitation, transfers from the EBS SIPP and the Fidelity Personal Pension, or FundsNetwork SIPP, provided by Standard Life;

b. transfers of assets currently held through Fidelity FundsNetworkTM;

c. transfers from any defined contribution pension scheme investments held through, or administered by, a Fidelity group company;

d. transfers of any defined benefit, safeguarded benefit or otherwise guaranteed pensions; and

e. advised transfers.

f. assets that are currently held in a product/account provided or administered by any company within Fidelity’s group of companies which are transferred to another provider and then moved to Fidelity Personal Investing.

6. Any other new investment will not qualify for the Offer.

7. Any transferred assets will be subject to the Fidelity Personal Investing SIPP client terms.

8. The value of your cash back payment will be determined by the total value of your eligible transferred assets on completion of the final transfer, as set out in the table below.

Total transfer valueCash Back
£10,000-£24,999 £20
£25,000-£49,999 £50
£50,000-£99,999 £100
£100,000-£149,999 £250
£150,000-£399,999 £500
£400,000-£499,999 £750
£500,000 or over £1,000


9. Cash back payments will be sent to you after the closure of the Offer (7 December 2018) and up to 90 days after the completion of your last eligible transfer. We may open a Cash Management Account (CMA) on your behalf to enable us to facilitate this payment to you. The CMA is a separate account in your name that helps manage cash, currently for the purpose of paying cashback to you.  This cash account will appear on your account summary online. We will endeavour to make cash back payments by BACS transfer directly to your bank/building society account if we already hold your details. If we do not have bank details registered for you for the SIPP, a cheque will be sent to the address registered on your account. (For example if we have bank details registered for an existing ISA but not your SIPP, if you are due a cash back, we will send you a cheque for this - we are not able to send your cash back for your SIPP to the bank account registered on your ISA account.) The time it takes to complete a transfer will depend on your current provider(s). The money will be due to you at the point we issue payment.

10. The assets you move to us as part of this Offer must be held with us for at least 18 months after the completion of the transfer and must not be linked to an adviser during this period. The 18-month period starts on the date that the last transfer is settled on your account. If you transfer or re-register your assets to another provider within this 18-month period, Fidelity reserves the right to reclaim any cash back payment that was made to you as part of this Offer. Fidelity may do this by withholding an amount prior to transferring or re-registering your assets to another provider. We will not reclaim the cash back amount from assets within a SIPP, other pension or ISA. Withdrawals from your account/s or income payment will not count as transfers for the purposes of this condition and will not result in our reclaiming your cash back payment.

We promote pension transfer cashback offers on a regular basis. However it is important that you take enough time to decide whether transferring your pension to us is right for you. If you need more time and wish to qualify for the cashback offer, please wait until the next offer period.

Need more time to decide if transferring is right for you?

Leave your name and email address through the link below and we’ll notify you when our next SIPP cashback offer begins.

Transfer my pensions

Before taking the next step, please read the following important information.

The value of investments can go down as well as up, so you may not get back the amount you originally invest. Eligibility to invest in a SIPP or Junior SIPP depends on personal circumstances and all tax rules may change in the future. You cannot normally access money in a SIPP until age 55.

It’s important to understand that pension transfers can be complex and some types of pension, in particular those with guaranteed benefits such as defined benefit schemes and pensions with safeguarded benefits, are not eligible for the cashback offer. Advised transfers are also not eligible for the cashback offer.

Before going ahead with a pension transfer, we strongly recommend that you undertake a full comparison of the benefits, charges and features offered. Please read our pension transfer factsheet, the cashback terms and conditions and our exit fee terms and conditions. If you’re in any doubt about whether a pension transfer is suitable for your circumstances we strongly suggest that you seek advice from an authorised financial adviser.

Please note that if your pensions are moved to us as cash, you will be out of the market while your money is being transferred, so you could miss out on growth and income if the market rises during this time. If you transfer investments that are not supported by Fidelity, they will be sold and moved to us as cash, which means that you will be out of the market until you choose new investments. If your existing pension provider has signed up to an industry accepted paperless transfer service your transfer should be completed in about 10 business days. If not, the transfer could take 8 to 10 weeks but could be longer as the process is reliant on prompt action by your existing providers whose time frames can be variable.

Call us

If you have any questions or would like us to send you an application form

Call 0800 368 1722

Apply by post

Just download an application form, fill it in and send it to us at the address on the form.

I have a Fidelity SIPP
I DON’T have a Fidelity SIPP


Not convenient to call now? Give us your details and we’ll call you

Please note: if your query is not in relation to a pension transfer or our cashback offer you should call our Customer Services team on 0333 300 3350.

How to transfer your pension to Fidelity

How do I transfer my SIPP?

Transfer your pension to Fidelity in three simple steps.

  • Step 1: We’ll ask you for your details and those of your current pension provider(s). You can transfer up to ten pensions at a time.
  • Step 2: You can choose your investments when you apply, during the transfer process, or once we receive your transfer application. If the investments you hold in your existing pension are offered by us and your existing pension provider allows the transfer, we can move your pension into the same funds that you currently hold. If not, you can choose to have your investments transferred to the Fidelity SIPP as cash, and then you can decide.
  • Step 3: Review your details and confirm the transfer.

When we receive your transfer application we’ll send you a confirmation, then contact your providers to arrange for your investments (or cash) to be brought into your Fidelity account. Please be aware that you may be out of the market while the transfer takes place, so you could miss out on any growth or income that occurs while we complete your request.

Can I transfer if I have taken retirement benefits from my pension?

Before you apply to transfer a pension you’ve taken retirement benefits from, you must speak to Fidelity's retirement service. They’ll discuss the transfer with you and prepare the application form.

We’re unable to accept an online application for these types of transfer.

How long does it take to transfer my pension?

  • Applying online only takes a few minutes.
  • The transfer should take about 10 working days, if your current provider acts promptly and has signed up to an industry-accepted, paperless transfer service; if the provider hasn’t signed up for paperless transfer it could take up to 10 weeks, possibly more.
  • You can view your order for each transfer request and track its progress online; for example, you can see if we’re waiting for the company you’re moving from to send us information or a payment.
  • Please remember that, once the transfer has begun, you may be unable to switch, top up or sell the investments you’re moving, until the process is complete.

Will you help pay my exit fees?

When you move your investments (minimum of £1,000) to us, we’ll reimburse any exit fees that your former providers charge you, up to a maximum of £500 per customer. Of course, you need to decide whether these fees will impact the future value of your pension.

Read the terms and conditions.

Download and complete the short Exit Fees Reimbursement Form

Send the form to us at:
Fidelity International,
P.O. Box 80,
TN11 9YA.

Please remember, you still need to complete the transfer application process online and qualify for the reimbursement.

Is there a minimum transfer value?


  • If the transfer is from another pension provider and you’re going to immediately start taking money from it, the minimum is £50,000.
  • For all other transfers the minimum is £10,000. This includes:
    • a cash-only transfer
    • a combination of cash and existing pension funds
    • a pension that you’re already taking money from
    • an existing pension fund whether it is all of your fund holdings or a selection.
  • If you have an existing Fidelity SIPP and want to transfer other pensions into it, unless you’re not already taking, or are about to take, money from them, the minimum transfer amount is £1,000.

What types of pension can I transfer?

We recommend that you always take appropriate financial advice before transferring a pension and in certain circumstances we will require you to do so before we can accept your transfer. It’s always worth checking before you go ahead.

You can transfer a wide range of pensions to Fidelity.

  • Personal pensions
  • Self-Invested Personal Pensions
  • Stakeholder pensions
  • Defined-contribution occupational schemes
  • Pension schemes already paying a retirement income (pension drawdown plans)
  • Free-standing additional voluntary contribution (FSAVC) plans
  • Executive pension plans (EPPs)
  • Section 32 (buyout) plans
  • Defined benefit schemes (for example final salary pension schemes)

When do I need appropriate financial advice if I want to transfer to Fidelity?

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.

What are safeguarded benefits?

Some pensions, typically older ones, contain guarantees regarding the level of income you’re entitled to when you retire. These policies are valuable today as many were written at a time when interest rates were much higher and people weren’t living as long. With lower interest rates and higher life-expectancy, the guaranteed income from these plans is often much better than you could buy if you shopped around.

These are usually considered to be safeguarded benefits:

  • Defined benefit (sometimes known as final salary or career average) pension
    Pays a retirement income based on your salary and how long you’ve worked for your employer. Generally only available from public sector or older workplace pension schemes.
  • Guaranteed annuity rate (GAR)
    A valuable guaranteed income sometimes offered by your own pension scheme or provider if you take a lifetime annuity with them.
  • Guaranteed Minimum Pension (GMP) or Reference Scheme Test benefits (RST)
    If you have a GMP or RST, you originally built up pension rights in an employer’s scheme that was contracted out of the Additional State Pension.
    When this happened the new scheme had to promise to provide you with a pension broadly equivalent to the state pension you would have received under the Additional State Pension.
    You may not be able to take these benefits early unless the pension pot is already large enough to cover the cost of providing the pension.

Similarly, you may not be able to transfer a pension containing GMP or RST to another scheme unless the transfer value also covers the cost of providing the GMP or RST. When you transfer a pension containing GMP or RST to another pension scheme, that scheme has no obligation to provide benefits on the same basis.

See More SIPP transfer FAQs.