Transferring to another registered pension scheme

For many people, our pension will be the most valuable savings that we have.

This means that any decision you make about your pension savings could have a significant impact on you and your family's future.

It's important that you get as much information as you can and think very carefully about what's the best thing for you to do in your personal circumstances.

We have prepared the following information to help you understand the benefits that you may be giving up in the LGPS and the risks of transferring to another pension scheme.

Key benefits of the LGPS

• Guaranteed annual pension that is payable for life
• Increases in line with inflation each year
• Not linked to stocks and shares
• Death benefits, including a Partner's pension, Child's pension and Lump sum death grant

Information about the safeguarded benefits in the LGPS

The transfer value from a Defined Benefit scheme such as the LGPS is called a 'Cash Equivalent Transfer Value' (CETV) and it should represent the value of the safeguarded benefits you would be giving up.

Your pension rights in the LGPS are known as 'safeguarded benefits' because they're guaranteed.