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Can I transfer a defined benefit pension to Penfold?

Written by Elis

We can't currently accept transfers from defined benefit pensions.

Defined benefit pensions often come with valuable guarantees or safeguarded benefits that provide a specific level of retirement income. These benefits are protected, and transferring your pension could mean giving them up.

If you think your pension does not include any defined benefit or safeguarded benefits, you can still submit a transfer request. We may ask you to provide confirmation from your current provider before we can review the transfer.😊

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