- 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.