Pension transfers

What is a Pension Transfer ?

• It is increasingly common for people to have several pensions with different employers and they may potentially hold personal or stakeholder pensions too. 
• It may be the best option to keep all the various pensions separate until retirement or it may be better to transfer them to another provider or a different type of scheme.
• It is always advisable to fully compare any new pension plan against the old one as benefits vary widely between plans.