There are alternative options to taking your pension from the Scheme, and you can choose to transfer your benefits to another pension arrangement where you might have more flexible options for accessing them.

Transferring to an alternate pension provider is a significant decision and not always in everyone’s best financial interests and in most cases the law requires you to take advice.

This section sets out the transfer process and what it involves. You can find out the value of your pension benefits at My Retirement Planner, which can be accessed from the ‘Your Services’ page when you login to BWebstream.

From the age of 54, My Retirement Planner is designed to help you understand and compare your options plus there’s additional support and guidance including access to dedicated, financial advice, should you need it.