Can benefits now be transferred?
A cash equivalent transfer value is now available to preserved beneficiaries regardless of when the member left the Scheme. However, a transfer value cannot be requested in the tax year in which the preserved benefits are payable. To request a transfer value you should put in writing details of the new Scheme Administrators along with their address and contact details. The transfer value will then be sent back to the member, but a questionnaire may be sent to the new pension scheme first.
