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Is there a transfer cost
minty777
Posts: 398 Forumite
Is there a charge to transfer a defered DB pension into another employers DC pension?
0
Comments
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You have a deferred DB pension?
It is not with an unfunded public sector scheme?
You have obtained a transfer value?
Is it over £30,000?0 -
You will need to obtain (and pay for) the advice of a Pension Transfer Specialist.
The PTS may or may not give a positive recommendation.
You need to check with the DC scheme whether a transfer in would be accepted, whether or not the PTS gives a positive recommendation.
https://www.moneyadviceservice.org.uk/en/articles/transferring-out-of-a-defined-benefit-pension-scheme
http://www.pruadviser.co.uk/content/knowledge/technical-centre/pension_transfer_conversion/0
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