Transfers In & Out

A pension transfer involves moving the funds from one pension scheme to another.

This process allows people to transfer to a scheme that’s better suited to them, has lower fees, has access to different investment options or to consolidate multiple pensions.

Transfers can occur between different types of pensions, such as from a defined contribution pension to a self-invested personal pension (SIPP), or from one SIPP provider to another.

At SS&C Hubwise we facilitate transfers to and from the schemes and the forms required are detailed below:

When a member is looking to transfer benefits from another plan to the Hubwise SIPP a number of documents will be required to be presented to the ceding scheme and these documents are attached to this article:

• A transfer in authority form
• The PSTR certificate showing the Hubwise SIPP is a registered pension scheme with the HMRC, if an updated certificate is required please contact the administration teams via a Freshdesk Ticket and we will arrange for this to be provided.

In order to transfer the benefits to another pension scheme we will require the Transfer Out Form.

Please note that additional requirements will apply when transferring benefits to an occupational pension scheme, please contact us via Freshdesk if you have any questions.