These days, most providers don’t charge any exit fees. However, if we’re searching for your pensions we’ll let you know if we find any exit fees over £10.
If your old pension has guarantees, such as guaranteed annuity rates or a final salary promise, we’ll send you the full paperwork to review before we transfer it.
If you have a pension with guaranteed benefits over £30,000, you are required to take financial advice from an independent financial adviser (IFA) before you transfer it. PensionBee does not provide financial advice and you will need to find an adviser.
You can find a list of the most common benefits and guarantees to look out for here.
Deciding to transfer your pension to PensionBee is ultimately your responsibility. Please be aware that we cannot guarantee to find exit fees or special benefits. We are not always able to tell from a pension provider whether such features exist for a pension and are reliant on clear information from third parties. We do not check certain policies considered very low-risk, including where you ask us to waive our usual checking processes in your Account or over email.