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Get your pensions and ISAs working harder for you

Important information - please keep in mind that the value of investments can go down as well as up, so you may get back less than you invest. Pension transfers are a complex area and may not be suitable for everyone. Eligibility to invest in a SIPP and tax treatment depends on personal circumstances and all tax rules may change in the future. You cannot normally access money in a SIPP until age 55 (57 from 2028).

Bring everything together in one home

Trying to manage investments across different providers can be both time-consuming and difficult. By moving them to Fidelity you’ll be able to more easily see how much you have, where your money is invested and how your investments are performing - helping to get your money working as hard as possible. 

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Learn more

Find out more about the benefits of bringing your pensions together into Fidelity's Self-Invested Personal Pension (SIPP).

View cashback offer

Get £100 to £1,500 cashback if you apply to transfer by 6 Oct '22. Exclusions, T&Cs apply and can be found below.

Transfer now

If you’re ready to transfer you can do this online or, if you prefer, for pension transfers you can download an application form.

Why Fidelity?

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Wide investment choice

Funds, shares, ETFs, Investment Trusts - giving you more ways to grow your money.

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Low service fee

Simple, flexible pricing to help you save money.

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Expert guidance

Investment ideas and support to help you make the right choices.

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Additional benefits

Invest over £250,000 and get an even lower service fee and your own Relationship Manager.

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Flexible retirement options

When the time comes to begin taking your pension.

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Get cashback

When you apply to transfer by 6 Oct '22. Exclusions, T&Cs apply and can be found below.

Fidelity SIPP benefits

Bringing your pensions together into Fidelity’s Self-Invested Personal Pension (SIPP) can help you take control of your retirement savings and plan ahead more effectively. 

With our award-winning SIPP, you choose what to invest in and when. Plus, access flexible income options at retirement with no set-up or withdrawal fees - just the usual SIPP fees apply.

Transfer now
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Cashback offer

Receive £100 to £1,500 cashback dependent on how much you transfer.

Total Transfer Value Cash Back Amount
£10,000 - £99,999 £100
£100,000 - £149,999 £300
£150,000 - £499,999 £500
£500,000 - £749,999 £750
£750,000 or over £1,500

We’ll also cover up to £500 if your current provider charges exit fees  (T&Cs apply).

When will I receive my cashback?

Your cashback will be paid directly into your Cash Management Account within 90 days following the closure of the offer (6 October 2022). If your transfer hasn’t completed by then, we will pay your cashback within 90 days after the completion of your last eligible transfer.

Cashback offer - Terms and Conditions

The maximum cashback we’ll pay is £1,500 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 transfer amount to be eligible for cashback is £10,000. If you move your assets to another provider within 18 months of completing you transfer, Fidelity reserves the right to recoup any payment which were made to you as part of this offer. 

The offer is valid for qualifying applications received between 7 July 2022 and 6 October 2022.

Full terms and conditions

Our awards

We don’t like to blow our own trumpet, but its nice when someone else does.  We’re also proud to announce we’re a Which? Recommended Provider for Self-Invested Personal Pensions - two years running.
 

Apply to transfer

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 what you originally invest. It’s important to understand that pension 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 benefits, charges and features offered. Please read our pension transfer factsheet, the cashback T&Cs and our exit fee T&Cs. You may also wish to download our guide to moving investments.

This information is not a personal recommendation for any particular product, service or course of action. If you are in any doubt about whether or not a pension transfer is suitable for your circumstances we strongly recommend that you seek advice from one of Fidelity’s advisers or an authorised financial adviser of your choice.

Ways to transfer

There are two ways you can transfer a pension. You should read the differences as it could have an impact on your investments. Regardless of which method you opt for, your cash or investments will remain in your tax wrapper and retain tax-efficiencies throughout the transfer process.

Transfer your pensions as cash - the assets in your old pension will be sold and the proceeds transferred to your Fidelity SIPP as cash. While your pension is being transferred, it won’t be subject to any potential growth or losses from market rises and falls. Average transfer time is 10 days if your provider uses an electronic transfer system but it could take longer if they don’t. See steps involved in a pension cash transfer

Transfer your pensions as they are - with this option (re-registration) you can keep the same investments in your existing pension as long as they're available on our platform, otherwise it will be sold and transferred to us as cash. You can check if the fund is available on our platform here. Before you apply, it’s best to check with your current provider that they can re-register your investments to us. Depending who they are, you may not be able to make any changes to your investments while they’re being transferred. Allow an average of 14 weeks. See steps involved in a pension re-registration transfer

Before you go any further

If any of the following apply to you, you MUST speak to one of our retirement specialists before starting your pension transfer.
 

  • Your pension has any safeguarded benefits or guarantees.
  • You’ve taken all or part of your tax-free allowance or pensions commencement lump sum.
  • You’re already taking an income from your pension, known as drawdown.
  • You plan to take your tax-free allowance or take an income from your pension after your transfer is complete.

On 4 November, the Government published the Finance Bill 2022 and a Treasury Update, which confirmed that the minimum age that most customers can access their pension benefits will increase from 55 to 57 from 6 April 2028. Whilst it is possible for details to change before the bill is made law, the following outlines some details from the draft legislation which should be considered when transferring a pension:

  • After 6 April 2028, some customers may retain the right to draw benefits before age 57 and this is dependent on the rules of their scheme on the 11th February 2021. 
  • Customers who transfer from schemes with a Protected Pension Age of 55 on or after 4 November 2021 will retain their right to draw benefits at age 55. For customers who opened the Fidelity SIPP on or after 4 November, protection will apply only to the transferred pot and not any money they add in the future.
  • Customers who transfer from schemes with no Protected Pension Age of 55 will be able access their pension from age 55 until the 6 April 2028 where this age will change to age 57. 

Start pension transfer

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Call us

If you’d like to discuss transferring a pension or would like us to send you an application form.

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Transfer online

To find out what you need to consider before you transfer, please read the factsheet.

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Transfer by post

Whether you already have a SIPP with Fidelity or not, download the relevant application form, fill it in and return it to the address on the form.

Transfer my ISAs and other investments

Transfer my ISAs

Start your ISA transfer in just a few simple steps.

Transfer other investments

Transferring investments to us has never been easier

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.

Transferring your pension FAQs

How do I transfer my SIPP?
What is the difference between pension fund value and transfer value?
How much does it cost to transfer a pension?
Should I consider moving my pension when I move jobs?
Can I transfer if I have taken retirement benefits from my pension?
How long does it take to transfer my pension?
Will you help pay my exit fees?
Is there a minimum transfer value?
What types of pension can I transfer?
Can I transfer a pension with guarantees to Fidelity?
What are safeguarded benefits?
What are ‘other benefits’?
What should I do if I still want to proceed with transferring my pension?
How long will it take to get my cashback payment?

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Important information - This information is not a personal recommendation for any particular investment. If you are unsure about the suitability of an investment you should speak to one of Fidelity’s advisers or an authorised financial adviser of your choice.