Where can I transfer to?
You are able to transfer to any other registered pension schemes in the UK (and some Qualified Recognised Overseas Pension Schemes (QROPS)).
Such pension schemes include:
- Your new employer's pension scheme, though the law does not require your new employer's scheme to accept a transfer payment.
- A personal pension arrangement or a stakeholder arrangement which may permit income drawdown.
- A buy-out policy from an approved insurance company.