If you’d like to switch your pension to IWeb there are a number of things you’ll need to consider before starting the transfer. If you are not sure about transferring, seek independent advice.
- Not all pensions are transferable - please contact your current provider first to find out if you’re able to transfer. If you’re transferring a final salary pension worth more than £30,000 then you will need to get independent financial advice. Your advisor will need to sign a Financial Advice Declaration form (PDF, 66 KB) before we can start the transfer.
- Exit and transfer fees may apply with your existing pension provider.
- You may lose out on potential pension benefits with your current provider if you choose to transfer out.
- Costs vary between pension providers so it’s important to familiarise yourself with these differences.
Transfer charges
A transfer will cost £60 per pension (up to a maximum of £300). Your existing pension provider may also charge you a fee to transfer and/or close your existing pension.