Depending on what type of pensions you have, consolidating them into a Scottish Widows pension could have a number of benefits for you.
The advantages and disadvantages of combining your pensions into one pot and how to use the online service
Consolidating your pension means fewer statements to keep an eye on, fewer and potentially lower management charges.
We don't charge to transfer your other pension to us.
Your pension pot will be looked after by one of the largest pension providers in the UK who’ve been looking after people’s financial futures for over 200 years.
Also known as Group Personal Pension or Group Stakeholder Pension – which your employer is paying contributions into.
If you already have a Retirement Account with Scottish Widows.
Not all pension types qualify to be transferred into a Scottish Widows pension using this service. For your pension to qualify it must:
If you are unsure whether you can transfer, read our frequently asked questions.
You can only use our online transfer process if you already have a Workplace Pension or Retirement Account with Scottish Widows.
Please note that we are not offering financial advice. This service is designed to provide you with the information that you need to make an informed choice. If you decide to move any of your pension pots, they will be transferred on a non-advised basis. This means that you are responsible for making sure that this is the right thing for you to do – and if you are unsure you should speak to a financial adviser.
Pensions are a long-term investment. The retirement benefits you receive from your pension plan will depend on a number of factors including the value of your plan when you decide to take your benefits which isn't guaranteed, and can go down as well as up. The value of your plan could fall below the amount(s) paid in.