Transfer Value

Transfer value is the value of accumulated pension rights within an occupational pension scheme, personal pension plan or stakeholder pension, that may be used to transfer benefits from that scheme to another pension scheme.

As a result of the "Maxwell" pensions scandal back in the 1990's and past pensions mis-selling, in order to transfer funds out of an occupational pension scheme, a pension transfer specialist must produce a full transfer analysis and advise you as to what your options are and the most appropriate course of action.

Last Updated: June 2007 © Moneyextra.com

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