Transfer of a Defined Benefit Pension

xylophone

That said, ewaste makes a good point that it's not 100% clear (given the OP hasn't confirmed what the receiving scheme is) that we are actually talking about a DB to DB transfer...

OP states above

I’m trying to transfer an old DB pension to my current DB scheme.

hyubh

xylophone said:

That said, ewaste makes a good point that it's not 100% clear (given the OP hasn't confirmed what the receiving scheme is) that we are actually talking about a DB to DB transfer...

OP states above

I’m trying to transfer an old DB pension to my current DB scheme.

Indeed, however ewaste made a good point that just because the OP's current scheme is also DB doesn't entail that any transfer in would purchase additional DB benefits. The USS and SAUL are relatively high profile open private sector DB schemes where transfers in nowadays go into the DC section, even if the member doesn't normally contribute to it.

toby3210

I don't know if we are talking about the same think but i was told i would have to pay an £8k fee to assess whether i could switch mine have also lost so much value in the last 6-12 months. damn

Qyburn

toby3210 said:

I don't know if we are talking about the same think but i was told i would have to pay an £8k fee to assess whether i could switch mine have also lost so much value in the last 6-12 months. damn

Are you talking about a DB scheme?  

xylophone

I don't know if we are talking about the same think but i was told i would have to pay an £8k fee to assess whether i could switch mine have also lost so much value in the last 6-12 months. damn

Do you mean that you have a deferred pension valued over £30,000 in a Defined Benefits Pension Scheme and you wished to transfer it to a DC scheme?