What happens if I lose my job or leave my current employer?

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You have three options, you can:

  1. Continue holding the current pension fund in the existing scheme, managing your fund selection as appropriate.
  2. Transfer to another pension provider.
  3. Start personal contributions. To do this you may need to transfer your Group Personal Pension to an Individual Personal Pension Complete a Plan alteration form (PDF - 203kb) to do this.

Stopping contributions to your plan could affect the final amount of your savings.

You should be comfortable with the investment choices that you make as you may lose features, protections, guarantees or other benefits when you transfer. If you’re not sure, you should get financial advice - there may be a charge for this.