If you have pension accounts with previous employers, you can normally transfer them into the Lifestyle Plan. Keeping your pension savings in one place could make them easier to manage, cost you less and give you greater choice. There are a few things you need to consider before you make a decision:
What to do next
The timescales to complete your transfer can vary. If your previous provider uses the pension provider paperless transfer service your pension transfer could be completed within 10 working days.
If we have to complete your transfer request through the post it will take longer, sometimes up to 8 weeks. This depends on your previous provider’s requirements and they may ask you to complete further forms to transfer your pension plan.
This explains what you should think about when deciding whether to transfer an old pension plan.
Keeping up to date with your Lifestyle Account is easy with our online service, Manage Your Account.
You can find lost pension accounts through the Pension Tracing Service.