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How you can transfer your pension

If you have an existing pension plan you may wish to consider transferring it to a Self Invested Personal Pension, known as a SIPP.

You can take advantage of the flexibility a SIPP offers through the Fair Investment SIPP Service; this pension service allows pension transfers and provides an easy to use platform to manage your investments for retirement.

Pension Transfers

Transferring existing pensions into the Fair Investment SIPP Service is easy and could help you to reduce costs and take control of your retirement.

What type of pension transfers are allowed through the Fair Investment SIPP Service?

The following pension plans can normally be transferred without speaking to a financial adviser:

  • Personal Pension Plans (PPPs)
  • Stakeholder Pension Plans (SHPs)
  • Retirement Annuity Contracts
  • Another Self Invested Personal Pension (SIPP)
  • Group Personal Pension Plans (GPPs)
  • Free standing additional voluntary contribution plans (FSAVCs)

Before transferring an existing pension you should check whether any tax benefits you currently receive will be adversely affected or you will incur any charges or lose guarantees.

Why transfer?

We can offer up to 100 per cent discount on initial investment charges and a simple, transparent charging structure for the service’s annual fees.

You can control all of your investments in one place

Wide investment choice, including passive funds and structured investments, as well as a diverse range of investment funds

What’s the process?

Pension transfers typically take between four and eight weeks from receipt of the application form, available in the SIPP Service application pack.

Please request the SIPP Service guide for more information about pension transfers.

There are many reasons why you may wish to transfer your current pension scheme whether it be change of employment, poor performance, issues over the security of the pension scheme, divorce, or a need to improve flexibility.
There are many issues to consider before transferring from one scheme to another and we recommend that you seek professional advice in what can be a highly complex area.

 Important Risk Information:

This website contains information only and does not constitute advice or a personal recommendation in any way whatsoever. The value of investments and income from them can fall as well as rise and you may not get back the full amount invested. The tax efficiency of ISAs is based on current tax law and there is no guarantee that tax rules will stay the same in the future.

Different types of investment carry different levels of risk and may not be suitable for all investors. Please ensure that you read the Important Risk Information for further details. Prior to making any decision to invest, you should ensure that you are familiar with the risks associated with a particular investment and should read the product literature. If you are in any doubt as to the suitability of a particular investment, both in respect of its objectives and its risk profile, you should seek independent financial advice.