How do I transfer a pension I already have to Retiready?
Updated 25 October 2018
You can transfer another pension to Retiready online:
- If you don't hold a Retiready pension plan, select the ‘Shop’ section then ‘Retiready Pension’ and ‘Apply’
- If you do have a Retiready pension, log into the ‘Savings page’, select your pension plan, then select ‘Transfer in’
Once you’ve filled out your pension transfer details online, we’ll send you an email letting you know the next steps.
For some pension transfers we’ll ask you to fill out a Retiready Pension transfer authority form. If we do, you may also have to get a discharge form from each transferring scheme manager.
If you have a pension through your employer, here's how to transfer another pension into your workplace pension.
Transferring or investing your pension may not be the best option for you, you should compare the benefits from your current pension with the estimated benefits of your new pension, including any guarantees and penalties.
A transfer for consolidation purposes is from one capital at risk pension product to another – so the value of your investments after any consolidation can still fall as well as rise and the final value of your consolidated pension pots may be less than paid in.
Any new funds you move your money into will have their own set of risks that will be detailed in the fund information that will be available to you.
If you're unsure whether this is right for you or need advice, please speak to a financial adviser.