Introduction

Module 7 - Transferring Pension Benefits

At the end of this module you will be able to:

• List the types of arrangements to which a member can transfer benefits 
• Describe the information that must be supplied to members if an incentive exercise takes place
• Explain the rules around overseas transfers
• Identify the warning signs of pension scams

In this module we look at some of the wider issues concerned with pension transfers.

Transferring a pension is a major decision and members should weigh up all the options carefully to try to ensure they will be no worse off. 

They should also keep copies of all documents and not be rushed into making a hasty decision that will affect them for many years to come.

Members should consider taking financial advice from a regulated adviser and we have seen that in some situations taking appropriate independent advice is a legal requirement.