What happens to my pension now I've left my employer?

You have three options, you can:

  1. Continue to manage your funds invested in your current pension in the existing pension plan.
  2. 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 to do this.
  3. Transfer to another pension provider. Find out more about transferring.

The value of an investment can fall as well as rise and isn’t guaranteed. You could get back less than you invest.

Transferring or investing your pension may not be the best option for you, you should compare the benefits from your current pension with the estimated benefits of your new pension, including any guarantees and charges. If you're unsure whether this is right for you or need advice, please speak to a financial adviser.