Benefit Transfer. The regulations are there to protect you and your pension making sure youre aware of all the pros and cons before you decide to transfer it. Over 34b worth of defined benefit pensions were transferred in 20182019.
Weve identified the types of business that we will and wont accept along with some key points about how well support these transfers and what information we need from you. Reasons people consider transferring out of a defined benefit scheme control and ability to manage income in line with individual needs. We summarise our work to date and how we continue to supervise this area.
We summarise our work to date and how we continue to supervise this area.
Types of benefit and the advice requirement. Pensions retirement existing customers transferring your pension 4 minute read transferring your pension why should i transfer my pension pot. This type of pension provides a guaranteed income for life. Types of benefit and the advice requirement.