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Transfer pension

Important information - the value of investments can go down as well as up so you may not get back what you invest. Eligibility to invest in a SIPP and tax treatment depends on personal circumstances and all tax rules may change. You can't normally access money in a SIPP until age 55. It’s important to understand that pension transfers are a complex area and may not be suitable for everyone.

Transfer a pension

Transferring a pension to Fidelity’s award-winning SIPP could help you to get your money working harder. Plus, if you’ve built up several pensions with different providers, bringing them together into our SIPP can make it easier to manage your retirement savings and ensure you’re on track for the future you want. You could also receive £20 to £1,000 cashback if you apply to transfer by 27 November 2020. Exclusions, T&Cs apply and more details can be found below.

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Easier

Bringing your pensions together could make them easier to manage.

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Lower costs

It could be cheaper, if our service fees are less than you're currently paying.

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A wealth of choice

Thousands of funds and shares to choose from to help you reach your retirement goals.

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Exit fee cover

We cover any exit fees your current provider may charge, up to £500 per person. *T&Cs apply.

Important information - 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. To find out what else you should consider before transferring, please read our pension transfer factsheet. You may also wish to download our guide to moving investments. If you are in any doubt whether or not a pension transfer is suitable for your circumstances we strongly suggest that you seek advice from an authorised financial adviser. * Exit fee terms and conditions.

Transfer and get cashback

Fidelity’s SIPP can make a great home for old pensions, providing a single view of your retirement savings and flexible income options at retirement.

Plus, if you apply to transfer by 27 November ‘20, you’ll receive £20 to £1000 cashback as a thank you from us. The offer also applies to any ISAs or investment accounts you move across to us. Exclusions T&Cs apply.

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How much cashback could I get?
Cashback terms and conditions

Start your pension transfer

Call us

If you’d like to discuss transfers or would like us to send you an application form. Lines are open weekdays 9am - 4.30pm & Saturdays 9am - 2pm.

Transfer online

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

Transfer by post

Whether you already have a Fidelity SIPP or not, you can download the relevant form below.

Important information - 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. The value of your investments may also be impacted by the volatility we’re experiencing at this time. If you would like to keep the same investments that are in your existing pension (re-register) and they’re available on our platform, then you can do this but need to apply to transfer by post. Any investments not supported by Fidelity will be sold and moved as cash, which means you'll be out of the market until you choose new ones. Our customer service team on 0800 368 1722 can provide you with more information and check if your existing investments are available on our platform.

The value of investments can fall as well as rise, so you may get back less than you invest. This information is not a personal recommendation for any particular product, service or course of action. If you are in any doubt whether or not a pension transfer is suitable for your circumstances we strongly suggest that you seek advice from an authorised financial adviser. Remember, you won’t normally be able to access money invested in a SIPP until the age of 55.

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

We promote pension transfer offers on a regular basis. However, it’s important that you take enough time deciding 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 transfer offer begins.

 

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How long does a pension transfer take?

Most leading providers use an electronic transfer system called Origo, which means your pension can be transferred electronically within about 10 business days. In the event your provider does not use Origo then your transfer will need to processed manually and paperwork will be issued by post. Manual pension transfers can take 8 to 10 weeks to complete, but this does depend on the paperwork required to be sent between the two providers. 

Please note that some transfers may take longer than usual due to the impacts of the current restrictions brought about by the Coronavirus.

Already withdrawing from a pension?

Going into drawdown with one pension provider doesn’t mean you’re stuck with them forever, and it may be worthwhile moving your pension to Fidelity. If you’d like to discuss transferring a pension in drawdown please call Fidelity’s Retirement Service.

Why it might benefit you to transfer a pension in drawdown
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How to transfer your pension to Fidelity

How do I transfer my SIPP?
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 an authorised financial adviser.

1Source: Fidelity International at 31.03.2020