Transferring your pension
Pensions made simple
Your LGPS pension with Gloucestershire Pension Fund provides a secure, guaranteed income for life, but transferring it to another pension arrangement is a major decision that should not be taken lightly.
In this video, we explain the key differences between Defined Benefit and Defined Contribution pensions, the valuable guarantees you could give up by transferring, and the risks posed by pension scams.
We also cover the importance of seeking independent financial advice, the legal requirements for larger transfers, and the rules you need to understand before making an irreversible decision about your pension benefits.
Having trouble seeing the video? Click here to watch it on YouTube
Read more about transferring your previous pensions into the LGPS
If you’re considering transferring your LGPS benefits to another pension arrangement, read our guide for transferring your pension out of the LGPS safely, and also see our pension safety and scams page for more tips on how to keep yourself safe.
