We'd also like your consent to set other cookies to help us further improve our website and to tailor the marketing you see on apps and other websites you visit.
Select "Accept all" to agree to all cookies, or "Manage" to choose which cookies we use.
If you’ve worked multiple jobs over the years, you may have been auto-enrolled into a number of pension plans by your past employers. You might also have a few pension plans that you opened yourself.
Keeping track of all your plans’ policy numbers and knowing exactly how much is in each of them might start to get confusing as the years go by. With a pension transfer, you can combine all your pension plans into a new, single plan.
This can help you see the total amount you have saved for later life much more clearly and it could even result in lower annual charges. You can also factor your combined pension plan total into other sources of retirement savings to give you a clearer overview, such as an Individual Savings Account (ISA) and the state pension.
Once you’ve combined your pensions into a single plan, you’ll have a clearer picture of how much pension savings you might have to live on in later life — whether you choose to retire fully or simply reduce the amount of hours you work.
Here are some other reasons why people consider combining their pension plans:
Transferring pensions isn’t for everyone. There are a few things you should think about that can help you decide if it’s the right choice for you:
Remember, you can speak to a financial adviser if you’re unsure about pension transfers. There’s likely to be a cost for this.
If you’re an existing customer, you can simply log in to your account and request a transfer into your existing Standard Life plan.
New customers can request a transfer into their new Standard Life pension plan during the initial application process.
From start to finish, pension transfers can take a matter of weeks. You can speed up the process if you know the provider and policy details of your existing plans.
Typically, Standard Life will ask you for the following information about each plan you’re thinking about transferring:
Not to worry, you can confirm how many pension plans you have, as well as their provider details using the government’s free Pension Tracing Service.
Once you know who your pension plans are with, you can contact them to get the relevant information we need before we start your transfer.
If you’re a new customer and you’re missing any details of your existing plans, we can still summarise your transfer at the end of the application process.
Whether you’re a new or existing customer, you can request a pension transfer using these options.
If you’re a new customer, you can request to transfer an existing pension plan into a new Standard Life plan as part of your application.
Visit our ‘buy a pension’ page to start a new application or to find out more about Standard Life plans.
If you’re already a customer, you can request to transfer an existing pension plan into your Standard Life plan by logging into your account.
Simply select ‘combine your pension’ from your online dashboard:
If you don’t have online access, you can set up an account online or by giving us a call. Call charges will vary.
If you’re an existing customer, you can transfer a pension plan to us with the Standard Life mobile app on iOS devices like iPhone or iPad, as well as Android phones.
You can download the apps using the buttons below. It’s quick, easy and secure.
Apple and the Apple logo are trademarks of Apple Inc., registered in the U.S. and other countries. App Store is a service mark of Apple Inc.
Google Play is a trademark of Google Inc.
The decision about transferring must be yours. If you're unsure about transferring you should seek financial advice. Your financial adviser will probably charge for this advice. You can also find out some more information from the Money Advice Service.
There may be certain circumstances where you will be required to take financial advice.
We’re here to help you get the most from your pension plan and retirement savings. We’ve got even more guides, tools and products to help you reach your goals.