Tesco - Transferring your pensions

Transfers Transcript Master

Transferring your pensions to Legal & General

Can I transfer retirement savings from other pension schemes to this one?

Yes you can.

Your scheme offers a pension tracing and consolidation service called ‘My Future Now’. You can find out more about this service in your online account.

To set up your online account go to ourtesco.com or legalandgeneral.com/mya

Gathering all your retirement savings in one place may make them easier to manage but this might not be right for everyone.

Before transferring your savings out of other retirement savings plans there are some important things to think about.

You should be aware of any charges or penalties for transferring out of a previous pension scheme.

You should compare the charges and the investment options

You’ll need to find out if you would lose any benefits or guarantees.

You should also find out if you’re required to seek financial advice.

To find an adviser in your local area go to the Guidance and Advice section on your scheme website.  Advisers may charge for their services.

There are 2 other videos in our scheme introduction series

• Your scheme introduction
• Frequently asked questions

You’ll find them on your scheme website.

Thank you for watching and for saving with Legal & General.