Your transfer value is the amount of money you can transfer out of the Scheme. It’s the value of your pension savings on the date you transfer them out.
Defined contribution pensions, like our Scheme, go up and down in value depending on the performance of the investments it uses. Because investment values change all the time, it’s not possible to know exactly what your transfer value will be in advance. If you ask for a transfer value quote, it will be the value at the time you request it – it’s not guaranteed.