Do you accept transfers from defined benefit schemes?

Each request is considered individually by the Trustee of The People’s Pension and by People’s Partnership as the pension provider. Please note there’s no obligation for them to accept the transfer.

  • Regardless of the size of the transfer value from the transferring defined benefit scheme, no transfer will be accepted into The People’s Pension without the administrator/trustee(s) of the transferring defined benefit scheme giving the Trustee and People’s Partnership certain assurances and an indemnity. We’ll request these accordingly and will consider acceptance of your transfer value once we’ve received them.
  • For transfers over £30,000, you’ll need to enclose a copy of the independent advice you’ve received from your adviser. Only then will People’s Partnership and the Trustee of The People’s Pension be able to consider your request to transfer into The People’s Pension. Please note, transfers can’t be accepted unless this advice contains a recommendation from your adviser to transfer your pension savings to The People’s Pension.


For more information see:

MoneyHelper’s information on Transferring out of a defined benefit pension scheme

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