Transfer your other pensions

If you’ve worked for several employers, it’s likely you’ll have several pension pots. You may be able to transfer your existing pots, at no charge, into your account with The People’s Pension.

Can we help you save money?

By combining all your existing pension pots, the charges you pay may be lower (obviously we can’t guarantee that it will result in a higher value fund or a greater income in retirement).

  1. Check what you need to consider before you transfer
  2. Follow the link below to log in to your Online Account
  3. Click the blue ‘Manage’ button to the right of the screen
  4. Click the grey ‘Transfer in’ tab top right of the summary screen

Online Account: Transfer your other pensions »

Why should I transfer my pension?

Watch our video: How bringing your pension pots together can mean you’re better off

The less you pay in charges, the more of your money is invested

Even small differences in charges can have a significant impact on the value of your pension pot at retirement.

With The People’s Pension we charge you just 50p a year (0.5%) for every £100 of the value of your account.

Track the performance of your pension funds online

Use your free, secure Online Account to keep an eye on how your pension pot is doing.

You can also:

 change where your money is invested

 change your selected retirement age

 view your personal information online.

Keeping your details up to date will be a lot simpler

Many of us move house at least two or three times in our lifetime. So, if you change address you only need to notify one provider, which saves you time and hassle.

One statement

You won’t need to look at lots of different statements, you will receive one statement each year which will give you an overview of your pension.

One nomination form

By filling in one form and dealing with one provider, you can have peace of mind that your pension savings will be passed on to other people (should you die before the benefits are taken).

We’ll do all the work for you

Transferring in to The People’s Pension is simple – all you need to do is give us the details and we’ll help you do the rest.

  • We will contact your existing pension provider.
  • We will request the relevant forms from the provider.
  • We will make arrangements to ensure your benefits are transferred.
  • We will contact you and let you know once the transfer is complete.

You may like a personalised illustration before you transfer. Although we don’t give financial advice, we will be happy to do everything we can to help you.

Download transfer form »

Important things to consider

Transferring may not be suitable for everyone. Whether it’s right for you will depend on many factors such as personal circumstances, the nature of your other pension arrangements, whether you are planning to access your pension in the next 5 years, whether you could be giving up a guaranteed benefit – such as guaranteed annuity rates, the cost of transferring or whether the provider you are transferring from applies a charge, be that a fund or contract charge. B&CE does not apply a charge for transferring into or out of the The People’s Pension Scheme.

If you are transferring your funds out of an occupational or company pension scheme this may be more complex than transferring a personal pension, especially if it is a ‘defined benefit’ scheme. We recommend you read the Money Advice Service’s information on transferring out of a defined benefit pension scheme before obtaining financial advice and making a decision.

If you are unsure about transferring, we recommend you speak to a financial adviser. To find your nearest adviser, you can visit

Next: What is automatic enrolment?

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