Pension Transfers

When you join the Clwyd Pension Fund, you have the opportunity to transfer your previous pension rights within the first 12 months of joining us.  However, your employer has complete discretion to extend this 12 month deadline. You can transfer previous pensions from:

• a previous LGPS Fund
• a previous employer’s pension scheme
• a self-employed pension plan
• a buy-out policy
• a personal pension plan
• a stakeholder pension scheme
• a free standing AVC

The actual transfer process begins when you complete a Transfer Authority Form (180KB opening in a new window) and return it to the Clwyd Pension Fund.  This allows the Clwyd Pension Fund to speak to your previous pension provider on your behalf. 

The previous pension provider will supply the Clwyd Pension Fund with a transfer value and this is then converted into LGPS benefits to provide you with a quotation.  We will inform you in writing of the estimated value of the pension if it is transferred which will allow you to decide whether to proceed.  You are not obliged to continue with the transfer if you feel it is not in your best interests to do so.

Please note that transfers can be a lengthy process.