Looking to transfer or combine your pensions?

If you're thinking about transferring your pension then we can help you get started

Book an appointment 

Reasons why some people transfer their pension

Simplicity

Having all your pensions in one place can make it easier to manage your money, understand your options and give a clearer picture of how much you’ll have when you come to take your money.

Flexibility

There is now more flexibility with pensions than ever before. Some older pensions have strict rules around how you can take your money and how much. Transferring could give you more flexibility with your money.

Fund options

Transferring your pension may give you access to a better fund choice for you. It's important to remember with any investment, your money could fall as well as rise and you may not get back what you put in.

Leaving money to loved ones

With older pensions, once you started to take an income, it meant you couldn't leave a lump sum for your loved ones. However, with newer pensions anything left in your pension can be left to your loved ones - possibly even tax-free. 

Charges

Pension and fund charges can vary significantly. You may be able to lower the charges you pay by transferring your pension.

Things to consider before transferring your pension

Just as there are many reasons to transfer your pension, there are also a number of considerations. Talking to a financial adviser is the best way of finding out if transferring or combining your pensions is the right thing to do. In fact, you can only transfer your pension to us with the help of a financial adviser. Here are just some of the considerations they will look at:

  • Guarantees - Some older style pensions offer valuable guarantees that could be lost if transferring to another pension. Some offer an income for the rest of your life or an income and/or lump sum for your loved ones when you pass away. Before transferring, it’s really important to check what your pension offers.

  • Fund options – Your current pensions may offer you a fund or funds that are right for you. Whether you transfer or not, it's important to regularly review your fund choices as what was once the right fund to invest in may not longer be.

  • Charges – Transferring your pension could actually increase the charges you pay

 

Book your pension transfer appointment today

A financial adviser can let you know if transferring your pension is right for you. If it is, they can do all the hard work, set up the transfer and recommend the best funds for you to invest in. If they don't think transferring is right for you, then you'll have peace of mind that an expert has reviewed your finances and are happy you have the right pension for you.

 If you don't already have a financial adviser, then an adviser from M&G Wealth Advice can help. They offer a choice of products from Prudential, funds from M&G Investments, including sustainable options and other providers that are specially selected. This is known as a restricted advice service.

Please submit your details below and an adviser will contact you soon:

All fields are mandatory. Your details will only be used to arrange a financial review.

First Name Help

Please enter your first name

Special characters are not accepted (including space and hyphen)
Enter a first name using only letters

Last Name Help

Please enter your last name

Special characters are not accepted (including space and hyphen)
Enter a last name using only letters

Date of birth help

We can only provide advice to people aged 18 or over

Enter a date of birth
Enter a valid date of birth

Postcode help

Must be UK postcode, for example EC3M 5AG. We can only provide advice to UK residents.

Please use only capital letters
Please Enter Post Code

Phone number help

Please enter a valid home telephone or mobile number

Please Enter a Valid Phone Number
Do not use spaces in between numbers

 

How we use your personal information

We will use your details to arrange a suitable date and time for an appointment with a Financial Adviser. For a copy of M&G Wealth Advice Limited's Latest Data Protection Notice, please visit www.mandgwealth.com/mydata. This gives further information about how and why we use your personal information (including any sensitive personal information), who we may share it with and your rights around your personal information. Alternatively, you can request a hard copy to be sent to you by writing to The Data Protection Officer, Customer Service Centre, Lancing BN15 8GB.

Please note that we collect personal information from you that is necessary for us to either provide you with the product or service you’ve requested or to comply with statutory or contractual requirements. Unfortunately if you don’t provide all of the information we require this may mean we are unable to provide our products and services to you.

Please confirm you're not a robot

There's a problem

It looks like something's gone wrong. Please try submit again.

"M&G Wealth Advice" is a trading name of M&G Wealth Advice Limited, which is registered in England and Wales. Registered office at 10 Fenchurch Avenue, London EC3M 5AG. Registered number 5739054. Authorised and regulated by the Financial Conduct Authority.