What is a defined benefit (DB) pension transfer?
A defined benefit transfer is when your defined benefit (DB) pension is transferred to a defined contribution (DC) pension. Transferring means exchanging the guaranteed annual income of a defined benefit pension for the investment potential and flexibility of a defined contribution pension.
The value of investments can go down as well as up, so you could get back less than is transferred.
Explore more frequently asked questions
Whether you want to change your details, make a claim or understand more about our products, you can find answers to FAQs by category.
FAQ search tool
Not found the answer you need yet? If you have a particular question, try our FAQ search tool.