The “Explore my Transfer Options” feature can be found under Pension Benefits on the My Pension dashboard and offers deferred members the ability to view a transfer estimate if they were to move to a personal or private scheme outside of the Public Sector Transfer Club. An estimated transfer value breakdown will also be provided which can be given to a financial advisor to action further if required.
A reminder that if you are transferring into a Defined Contribution scheme and the value of your benefits is over £30,000, you are legally required to seek financial advice before transferring out of the scheme. More information on transferring your pension can be found at https://www.nespf.org.uk/deferred-member/taking-your-pension/cashing-in-your-pension/
If members wish to investigate transferring to a scheme within the Public Sector Transfer Club they should ask the new scheme to contact us directly.
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