The receiving scheme will need to confirm that they are able to accept transfers in, the approval basis and the appropriate HM Revenue & Customs scheme reference.
If you wish to proceed with the transfer, there are a couple of ways we can do this:
- Origo options – This is an electronic platform which enables organisations across the industry to carry out pension and asset transfers faster than ever before. The receiving scheme/provider must use Origo Options. You can contact the receiving scheme to find out. They will then be able to initiate a transfer via this system (the request must come from the receiving party). This is the quickest and easiest option available for transfers currently.
- Transfer forms – we can send you a form in the post which you’ll need to sign and pass on to the receiving scheme/provider to complete their details too. Once they’ve completed the document it needs to be returned to us to proceed with your transfer request. If you’d like a form, you need to confirm your National Insurance number/7 digit customer number and full address.
We don’t charge fees for processing transfers (whether to B&CE or from B&CE).
Key information on things you need to consider before you decide to transfer can be found here.
If you’d like to find out more about this or to request a form please call us on 0300 2000 555.