Yes, you can transfer other pensions into your Aegon plan, however, there may be some restrictions.
Before you transfer, we recommend talking to a financial adviser, as there are a number of important factors to consider. For example, you should:
- Get a transfer value from your other pension plan providers
- Ask Aegon for an estimate of the pension pot you can expect from the transfer value
- Ask a financial adviser to prepare a transfer value analysis
- Compare products - check you won't lose valuable features, protections, guarantees or other benefits
Transferring a pension may not be the best option for you. You may lose features, protections, guarantees or other benefits - so make sure you compare products before transferring. It's up to you to decide if this is the right decision for you. If you're not sure, speak to a financial adviser - there may be a charge for this.
It's important to remember the value of your consolidated pension pot can still fall as well as rise and the final value of your pension pot when you come to take benefits may be less than has been 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 available to you.
Need advice?
If you're not sure if combining your pension pots is right for you, a financial adviser will be able to hlep. You can find one in your local area at MoneyHelper.