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Parkview Health My Chart - Choosing to transfer your other pensions to your royal london plan could simplify your pension savings and help you feel in control of your financial future. Transferring your pension to a different scheme can reduce costs as well as admin. A pension transfer is the process of relocating retirement savings from one pension scheme to another to better manage retirement funds. This allows you to move your. A pension transfer (also referred to as pension switching) involves moving the funds from one pension scheme to another. You can transfer your uk pension pot into another registered uk pension scheme, or an overseas option if you're moving abroad. We’ll explain all the rules that apply and the various options you have. What is a pension transfer? You may want to move some or all of your pension fund (sometimes called a ‘pension pot’) if: You’re changing job your pension scheme is being closed or wound up you want to transfer to.

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