Can I move my Ready-made pension to another pension provider?

You can transfer your Ready-made pension to any other UK-registered pension scheme or qualifying recognised overseas pension scheme (QROPS).

Before you start the process, there are some important considerations to make:

• You can only transfer your pension in cash – your AJ Bell fund will need to be sold before the transfer goes ahead.
• If you’re transferring to a QROPS, the transfer will need to be checked against your overseas transfer allowance first.

Pension transfer rules require trustees and administrators of pension schemes (including AJ Bell) to carefully consider requests to transfer to another scheme. In most cases, these rules won’t delay your pension transfer.

But sometimes, we may need further information. You’ll be asked to supply this information. We may also need information from the trustees or administrators of the scheme you’re looking to transfer into. We’ll be in touch to confirm if we need information from you.

In some situations, you may need to get guidance on the transfer from the Government’s MoneyHelper service. In rare circumstances, the rules could mean that the transfer won’t be able to go ahead.

We’ll work closely with other providers to ensure your transfer is processed as quickly as possible. But just remember that it may take longer than expected if extra information is needed at any point.

We’d be sorry to see you go, but to transfer your Ready-made pension to another provider at any time, please call us on 0345 54 32 600, and we’ll explain the process.