Yes, you can transfer into NOW: Pensions – although you will need to check the Scheme can accept the transfer, as not all pension savings can be transferred in. The Scheme Trustee will need to approve your transfer.
Transferring your other pensions into the Scheme could make managing your pension easier and save on charges.
To find out more, use our member contact form, or email firstname.lastname@example.org.. To help us help you faster, please quote your full name and address, plus your NOW: Pensions contract ID and National Insurance number in the email.
You can also call our member support team on 0330 100 3334 from 9am to 5pm, Monday to Friday. When you contact us, please quote your full name and address, plus your NOW: Pensions contract ID and National Insurance number. We might record your call to help us improve our service to you.
Transferring your pension savings is a big decision that you need to think about carefully. It may be worth getting help from a regulated independent financial adviser.
Help with finding independent financial advice
The Money Advice Service (part of the government’s Money and Pensions Service) has information about choosing an independent financial adviser and a directory of independent financial advisers that specialise in retirement. Visit moneyadviceservice.org.uk or call 0800 138 7777. You’ll find the directory at directory.moneyadviceservice.org.uk.
The Personal Finance Society (PFS) has a What we do for the public section. This also includes a directory you can filter to find independent financial advisers that specialise in retirement planning. Visit thepfs.org/about-us/what-we-do/for-the-public.
You should check the qualifications of any independent financial adviser you’re thinking of using. They must be qualified to Level 4 (or above) of the Qualifications and Credit Framework and have an up-to-date Statement of Professional Standing. You should also check whether they’re on the official register of the Financial Conduct Authority (FCA) which regulates independent financial advisers in the UK. You’ll find this at register.fca.org.uk/s.
Other useful organisations
The following organisations also offer free, impartial information and guidance to help you understand pension savings. They don’t offer personalised financial advice.
- The Pensions Advisory Service can help with questions about workplace, State or personal pensions. Visit pensionsadvisoryservice.org.uk or call 0800 011 3797.
- Pension Wise has guidance on retirement options. Visit pensionwise.gov.uk. If you’re over 50 you can book a phone or face-to-face appointment by calling 0800 138 3944.
- Citizens Advice has information about all types of pension. Visit citizensadvice.org.uk or call 03444 111 444 for a face-to-face appointment.