If you are an active member, you can generally transfer other pension benefits in. However, transfers of previous pension benefits can be a complex issue and we recommend that you seek independent financial advice to make sure that it is in your best interests to move your benefits from a former scheme.
Please note that there may be a cost involved in receiving such advice, which you will be required to meet.
If you do decide to transfer in benefits from other schemes, they will be invested into the L&G Mastertrust but can be used to enhance the maximum cash lump sum of your DB benefits.
If you are no longer an active member of the Scheme, you are entitled to transfer your pension benefits to another registered pension scheme.
You may contact Capita for a Cash Equivalent Transfer Value (CETV) of your pension benefits that can be transferred to another pension arrangement. Please be aware that the CETV is only valid for three months from the date of the calculation and any further request for a CETV within the 12-month rolling period may incur a charge. If you want to transfer your benefits to a DC pension scheme, you will have to take professional financial advice.