📨 Have you signed up to the Forum's new Email Digest yet? Get a selection of trending threads sent straight to your inbox daily, weekly or monthly!

Transferring workplace pension from NEST

Options
I've recently changed employer and am wanting to transfer my old workplace pension from Nest to Standard Life(where my new pension is). Standard Life said they would apply electronically to Nest and it should all be completed in a few weeks. Nest are asking for evidence of my identity to be posted to them and questions about my new provider. It seems that they are making it difficult for me to transfer it out. They know my identity as they have all my details and they know who the new provider is as they have contacted them. Is this normal?

Comments

  • dunstonh
    dunstonh Posts: 119,710 Forumite
    Part of the Furniture 10,000 Posts Name Dropper Combo Breaker
    Nest are asking for evidence of my identity to be posted to them and questions about my new provider. It seems that they are making it difficult for me to transfer it out.
    Unfortunatly, some of these smaller auto-enrolment schemes do make it harder.   You get used to it.

     They know my identity as they have all my details and they know who the new provider is as they have contacted them. Is this normal?
    No it is not normal for providers to ask this but it is normal for nest.


    I am an Independent Financial Adviser (IFA). The comments I make are just my opinion and are for discussion purposes only. They are not financial advice and you should not treat them as such. If you feel an area discussed may be relevant to you, then please seek advice from an Independent Financial Adviser local to you.
  • penners324
    penners324 Posts: 3,511 Forumite
    Sixth Anniversary 1,000 Posts Name Dropper
    Nest is the biggest auto enrollment provider there is.

    It is normal for Nest. Basically it's part of their AML checks 
  • xylophone
    xylophone Posts: 45,622 Forumite
    Part of the Furniture 10,000 Posts Name Dropper
    A transfer to your new employer's Standard Life Scheme should be simple...... Origo used by NEST and SL 

    https://www.nestpensions.org.uk/schemeweb/memberhelpcentre/transfers/transfer-money-out-of-nest.html

    But

    • To make sure we comply with regulations, we may ask you for additional information before you transfer out of Nest. And, in some cases, you might have to attend a scams awareness appointment with MoneyHelper.


Meet your Ambassadors

🚀 Getting Started

Hi new member!

Our Getting Started Guide will help you get the most out of the Forum

Categories

  • All Categories
  • 351.1K Banking & Borrowing
  • 253.1K Reduce Debt & Boost Income
  • 453.6K Spending & Discounts
  • 244.1K Work, Benefits & Business
  • 599K Mortgages, Homes & Bills
  • 177K Life & Family
  • 257.4K Travel & Transport
  • 1.5M Hobbies & Leisure
  • 16.1K Discuss & Feedback
  • 37.6K Read-Only Boards

Is this how you want to be seen?

We see you are using a default avatar. It takes only a few seconds to pick a picture.