Combine your pensions

Transferring your pensions into one place will make it easier to keep track

Start your transfer

According to our research, 1 in 5 people have lost a pension somewhere along the line.

But keeping track of your savings doesn’t have to be so tricky…

Benefits of combining your pensions

Combining your pension savings with The People’s Pension couldn’t be easier – and you could save money:

You could pay less – one pension pot means one set of charges. Our annual management charge is made up of 3 elements:

  • an ongoing management charge applied on a daily basis (0.5% a year)
  • a potential rebate on the management charge, depending on how much is in your pot (between 0.1% for savings over £6,000 and 0.3% on savings over £50,000)
  • and an annual charge (£2.50 deducted during each scheme year).

One statement, one account – keeping track of your pension savings and where they’re invested is easier if they’re all in one place.

We’ll support you at every step – just let us know your previous pension details and we’ll get the ball rolling.

How to keep track of your pensions

Your pension is your money – even if you’ve left the employer who set it up for you.

We want to help you take control of your pension savings:

  1. Find any pensions you might have lost.
  2. Combine all your pensions into one place.
  3. Manage your pension online.

Important things to consider

This is not a recommendation from B&CE to transfer your pension savings. The Trustee of The People’s Pension and B & C E Financial Services Limited (who administer the scheme) are not able to offer advice on whether or not you should transfer.

Transferring may not be suitable or available 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 savings in the next five years, whether you could be giving up a guaranteed benefit – such as guaranteed annuity rates, potential loss of any protected tax-free cash entitlement, the cost of transferring or whether the provider you are transferring from applies a charge, be that a fund or a contract charge.

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.

It’s important that you compare the charges, features and services between the pension you want to transfer and The People’s Pension to see if it’s the best option for you. Find out about our charge. If you are unsure about transferring, we recommend you speak to a financial adviser, who may charge for advice. To find a local adviser, you can visit

Combine your pensions and keep better track of your money

Transfer your pension
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The People’s Pension is a flexible and portable workplace pension, designed for people, not profit.

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