Transfers & Repensioning

If you don't like the pension you've already got then it might be possible to move it into a better one. Transferring your pension to another provider is usually straightforward, but it's not a decision to be taken lightly if there'll be costs or penalties for doing so. You'll need to weigh up the potential benefits of the new pension versus the costs of transferring into it. And double check you won't lose any valuable benefits offered by your existing pension, for example a guaranteed annuity rate.

If you have a final salary occupational pension it's seldom a good idea to transfer, as you'll be moving from a pension where your employer bears the investment risk to one where you do.

If you take out a new pension through Cavendish Online then you will be able to transfer your existing pension into the new one. for more details please visit the Transfers & Repensioning section.

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