Important information about pension transfers

With Profits customers considering transferring their plan should consider that they:

• May be subject to the application of an MVR.
• May lose out on investment growth if their policy / plan has a guaranteed minimum annual growth rate (Contractual Annual Interest / Contractual Minimum Addition applies, at varying rates, to certain vintages of plans).
• May lose on their pension if their plan includes a guaranteed annuity rate.
• May not receive as much as their Guaranteed Minimum Pension (GMP) if applicable.

Pension transfers

• Unitised With Profits Buy Out Plans (Including Guaranteed Minimum Pensions) (Q19495) (pdf - 50 KB)
• Conventional With Profits Buy Out Plans (Including Guaranteed Minimum Pensions) (Q19496) (pdf - 50 KB)
• Legacy Personal Pension Plans (Q19499) (pdf - 50 KB)
• Current Personal Pension Plans (Q19501) (pdf - 49 KB)
• Executive Pension Plans and Buy Out Plans (Without Guaranteed Minimum Pensions) (Q19498) (pdf - 50 KB)
• Trustee Investment Pension Plans (Q19500) (pdf - 49 KB)
• Pension Splitting for Conventional With Profits Pension Plans (Q19502) (pdf - 51 KB)
• Pension Splitting for Unitised With Profits Pension Plans (Q19503) (pdf - 45 KB)
• Personal Retirement Plans (Q19505) (pdf - 32 KB)
• Conventional With Profits Occupational Pension Plans (Q19506) (pdf - 48 KB)
• Legacy Occupational Pension Plans (Q19508) (pdf - 49 KB)
• Current Occupational Pension Plans (Q19509) (pdf - 49 KB)