Transfers

I’m getting divorced. What happens to my pension pot?

The amount your ex-spouse receives is known as a ‘pension credit’. If you have a pot with The People’s Pension, depending …

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Do I need to do anything to combine my old pot with The People’s Pension with my new one?

If you’ve already got a pension pot with us, we’ll combine your new pension with us automatically. This makes keeping …

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Can I transfer my other pensions to The People’s Pension?

If you’ve worked for several employers, it’s likely you’ll have several pensions. You may be able to transfer your other pensions …

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What should I consider before transferring my pension pot?

Some pension schemes have features or benefits which you’d lose if you transferred to another scheme. You’ll need to consider …

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How do I transfer my savings from The People’s Pension to another pension provider?

Firstly, because of the coronavirus outbreak, The Financial Conduct Authority has put together some important information on their website. We’d recommend you …

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You’ve transferred my pension savings with The People’s Pension to another scheme but I made a mistake and want to cancel this.  Is this possible?

Yes, you can do this provided this is within the cancellation period of the other provider. This transfer value will …

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Does B&CE use the Origo online system for processing pension transfers?

Yes, B&CE is one of over 80 UK financial providers that uses Origo to process certain types of transfers.

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Can I transfer my existing pension pot with The People’s Pension to another provider and then continue to build up contributions into my pot?

  Yes, we’ll need to confirm with you that this is what you want to do.

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Can I transfer out to a Self-Invested Personal Pension (SIPP) or a Small Self-Administered Scheme (SSAS)?

You can transfer out to any type of UK pension arrangement, as long as it’s a registered pension scheme (ie …

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Are there any charges or penalties for transferring my pension pot to another company?

No. Should you wish to transfer your accumulated pension pot to another pension provider, we won’t apply any penalties for …

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