Can I Transfer My Pension To Another Provider?
The short answer is yes, but that is not the question you should be asking yourself. Let me tell you why in the following article about “Can I transfer my pension to another provider?”.
The real question is SHOULD you transfer your pension to another provider?
This is where it gets a little tricky because it really determines where you are in life, your UK Provider, your dedicated early & late retirement factors etc..
How do I find out all this information?
You could request this information from your UK Scheme direct and they will send you everything usually via the post. However, some UK Schemes are more tech savy and a lot are catching up with this new digital age and can provide all requested information via an encrypted email. Where you can simply login and download the attachments with a password that has been assigned to you.
How else can I find out this information.. I don’t even know my policy number!?!?
Callaghan Financial Services offer a perfect solution for finding your lost, frozen or forgotten UK Pension & we provide this service with no upfront fee’s and no obligation. We will even provide you with a free assessment once one of our advisers have gone through your information and can present you with the best options to suit your needs.
How long does the process take? I need money now…
Unfortunately we are unable to provide any timescales as it does really depend on your UK Provider and if they will send the information via email or if their sending via post. Also, you have to take in the time that they take for your CETV (Cash Equivalent Transfer Value) sometimes this can take up to 60 working days! Please note the first CETV requested from your UK Provider is always free but if you decide to request a further CETV then you may be charged.
How do we get started?
The process is fairly simple and can be categorized in three steps as follows.
I would now like to take the time writing this article to thank you for landing on our page with reference to your Can I transfer my pension to another provider search.
- Firstly, your UK Pension will require a signed document called a Letter of Authority. This will give us the authority to request this information on your behalf. Please note it does not give us permission to change anything / transfer your UK Pension. Just information purposes.
- Secondly, upon hearing back from your UK Provider on how they will accept our LOA (Most can accept via email) we will send within 24 hours of receiving your signed LOA.
- Thirdly, once we have all the information that we requested one of our qualified advisers will provide you with a face to face assessment. If you do not wish to meet one of our advisers then we can provide advice over the phone or a Zoom meeting. Whicher ever works best for you.