How long could a final salary pension transfer take?
Our step-by-step guide takes you through the stages of transferring your final salary pension.
Stage 1
You request a ‘statement of entitlement’ from your pension scheme.
Stage 2 - After one month
Your pension scheme should notify you that you need to take professional financial advice.
Stage 3 - After three months
Your pension scheme confirms the ‘transfer value’ of your pensions and will send the paperwork with a deadline to take financial advice.
Stage 4 - After six months
This is your deadline to confirm that you want to transfer your pension and provide proof that you have taken financial advice.
Stage 5 - After nine months
This is the deadline for your pension scheme trustee to complete the transfer.
To read more, download our free professional guide to final salary pension transfers and get the inside track
If you'd like to receive our guide and other useful information, enter your details below.
READY TO TALK?
Speak to one of our highly qualified, professional financial advisers for a no-obligation financial planning review.
You can give our team a call on 0203 924 5353, send an email to admin@halcyonwealth.co.uk or arrange for us to call you using the form below:
Or complete the form below and we’ll aim to respond within 24 hrs.