where to transfer my pension scheme (from my previous employer) ?

SomeUser

Whatever the letters says, you're entitled to a refund of contributions.

This is the Pensions Regulator's code of practice and within the code it details where the requirements are written in statute (in the boxes throughout the code) http://www.thepensionsregulator.gov.uk/codes/code-early-leavers.aspx


I would get TPAS involved immediately in this instance http://www.pensionsadvisoryservice.org.uk/about-us.aspx

SomeUser

xylophone wrote: »

What is the name of your previous pension scheme?

This has got to be civil service or LGPS. No one else would get away with it.

greenglide

Is it a salary sacrifice scheme where the contributions are all employer contributions so it is transfer to another scheme or nothing?

home2013

xylophone wrote: »

What is the name of your previous pension scheme?

pension management company is CAPITA.

The letter says Hewlett Packard Investment Scheme, if that's what you are looking for.

greenglide

HP operate a salary sacrifice scheme!

See above.

xylophone

Could the OP try Hargreaves Lansdown?

https://forums.moneysavingexpert.com/discussion/5053691

SomeUser

Seriously? HP? They should know better.

In this case it is definitely occupational. Whilst some schemes are misinformed, it is possible to get a refund of salary sacrifice contributions.

It is clear from the member booklet that they don't offer a refund - getting involved in the nitty gritty of salary sacrifice refunds isn't going to help you right now and it's not what you want anyway. However, the member booklet clearly states that you have 3 months from the date of the statement. Page 7 of the member guide from here http://www.hppension.co.uk/Hartlink/HPHartlinkMain.asp

If they don't give you the full 3 months then raise a complaint using the internal dispute resolution process (IDRP) listed on that website.

Now the search is on to find another provider who will accept the transfer. Some will, you just need to find them or pay an IFA.

SomeUser

And just in case anyone is interested regarding salary sacrifice and contributions, here some information about the FL lobbying http://www.hrmagazine.co.uk/hro/news/1072998/hmrc-u-protect-staff-salary-sacrifice-pensions-post-auto-enrolment-legislation

hyubh

SomeUser wrote: »

This has got to be civil service or LGPS. No one else would get away with it.

What makes you say that, leaving aside the fact you were wrong? The rules of a large public sector scheme are easily findable on the internet...

SomeUser

Public sector schemes are not trust based because they are backed by a government guarantee. Whilst in theory they should follow the same rules, in my comparatively limited experience they do not have quite the same governance standards.

Yes, I was wrong and very surprised, although clearly the member booklet states the 3 months as referenced in my previous post.

I'm a scheme adviser and have a personal duty to report schemes to the regulator myself, and I have had to do that although thankfully it was a joint report with me, the company, the trustees and the trustee auditor in that instance.

I'm fortunate to have a wide range of clients with a wide variety of circumstances. The thing I love the most about my job is the subtleties in the attitudes between different companies and trustee boards, and believe me (or don't, if you want), there are many.

In this case, I was surprised, because it is unlikely that any occupational or workplace scheme would get away with a one month window for transferring out, without it being challenged, in my direct experience.