• Does my deferred pension increase in value?
  • Yes, the benefits you built up in the Fund will increase between the date you left the Fund and when you retire. The increases are index-linked to consumer prices. These increases are subject to limits which are set out in the Fund’s Trust Deed and Rules.

  • Can I transfer my deferred pension elsewhere?
  • Yes, you have a legal right to transfer your deferred benefits to the scheme of a new employer or to an equivalent personal arrangement. It is recommended that financial advice is taken before making such a decision.

    This option is available to you until you take your pension.

    There is a legal requirement to take independent financial advice if the transfer value is over £30,000.

  • Could I transfer my pension abroad?
  • Yes, although strict rules apply and agreements with the UK can and do change from time to time.