Transfer your pensions

Take control with it all in one place

Download guide to combining pensions

Bring your pensions together with us

If you’ve got several pensions, it could make sense to bring everything together in one place you can trust. Even if the amounts are small, it all adds up.

Easier to manage

With your pensions combined, you can manage everything in one place

Better understanding

See the total value of your pensions at any time to help plan for the future

Look after your money

With several pensions it’s easy to lose track or forget about your hard-earned savings

If you already have a pension with us, you may be able to transfer straight into that. If you don’t, you’ll be able to open a new one and move your pension savings into it.

The value of your pension can go down as well as up and you may get back less than has been paid in. There's no guarantee you'll be any better off by transferring.

Is transferring right for you?

Deciding whether to move your pension can be a complex decision and transferring is not right for everyone. So you’ll need to ask yourself some important questions. 

Does your pension have any special features?

You might find that your existing pension has valuable extra benefits or guarantees, which you'll lose if you transfer. So, please check your paperwork and, if you're not sure, talk to your current pension provider. Things to look out for include more than 25% tax-free cash, loyalty bonuses, enhanced life insurance or death benefits, early access to your money or pension, and a pension with a guaranteed income.

How do fees and charges compare?

Before moving your pension, compare your current fees and charges with ours. We work hard to keep ours as low as possible, but you should make sure it all adds up before making the move. You should also find out if there are any exit charges or any potential inheritance tax implications for moving your pension.

Our charges

We don’t charge you anything for opening and transferring to the Aviva Pension with the online investment service.

After you transfer to us, we make ongoing charges based on the total amount you have in your pension.

If you’re transferring to an older existing pension with us there may be a charge for transferring in, so please check when you get in touch.

It’s a good idea to compare the ongoing charges with what you’re currently paying before making any decision.

Reasons to transfer your pension to us

We can’t guarantee you’ll be better off by transferring a pension to us – as with any pension, the value can go down as well as up – but there are lots of reasons it could be a good move.

  • No fee
    Whether you want to move one or lots of pensions to a new Aviva Pension, we won’t charge you a thing for making the arrangements and setting it all up. There may be charges if you’re transferring into an older pension with us
  • Easier to manage
    You’ll be able to keep track of your retirement in one place, whether that’s keeping your details up-to-date or checking on the performance of your investments
  • Better understanding
    Bringing your pensions together in one place gives you a clearer picture of what you’ve got. That can make it easier to keep track of your savings progress, as well as planning for your future
  • Look after your money
    Bringing old, smaller, or multiple pensions together means you’re not running the risk of losing touch with your hard-earned savings. And every little bit can add up to help give you the lifestyle you want in retirement
  • Invest for your future, your way
    When you transfer to us, you can choose how your money is invested. You’ll find a range of options depending on how you’re most comfortable saving for your future. It’s your money, working the way you want it to

How it works

Whether you want to transfer into an existing pension you have with us, or you want to open a new Aviva Pension and transfer into that, we’re here to help.

Step 1

Get in touch

You can either call us to talk about transferring to an existing pension with us, or apply to open and transfer to a new Aviva Pension online.

Step 2

Leave it to us

Once you’ve provided the details of the pension you’d like to move to us, we’ll get in touch with your provider to make all arrangements for the transfer. 

Step 3

Pensions combined

Your pension is credited with the value of your old pension. It usually takes around 3 to 6 weeks from applying to seeing the money move across. 

Before you apply to transfer

There are some types of pensions and benefits we can’t accept online, and there are a few things you’ll need to consider before combining your pensions with us.

If you are looking to transfer to an existing pension with Aviva, please give us a call to find out what your policy can accept. Find the contact details here.

You won’t be able to move a:

  • Defined contribution pension with a guaranteed annuity rate
  • Defined contribution pension with any other safeguarded benefits or guarantees
  • Defined benefit pension
  • Pension you’ve already started taking an income from

You’ll need to be aware that:

  • There may be a charge from your existing pension provider for leaving them
  • During a transfer, your money will not be invested anywhere and you will not be impacted by any rise or fall in the value of investments during that time

Important documents for new customers

If you want to open a new Aviva Pension to transfer into, make sure you understand what it is and how it works.

We will always adhere to our 'best execution practices' as set out in our latest order execution policy (PDF 149 KB). What's more we also have a policy to prevent conflicts of interest (PDF 103 KB) that might affect your investment. And if there's ever one we can't prevent we promise to let you know.

Don't have an Aviva Pension

We'll open a new Aviva Pension for you and move your pension savings there.

Transfer to a new pension

Already have a pension with us?

To see if we're able to make transfers into your existing pension, please find your pension product and give us a call.

Find your product